The Energy Convergence - GineersNow The Energy Convergence - GineersNow | Page 18

At the forefront of industry innovation, GlassPoint’s use of renewable energy to extract heavy oil using steam made from sunshine is a game changer that could preserve the environment, save natural gas, and create a more sustainable future for all industries involved. “Today, the oil and gas industry consumes nearly 10% of its own production, which is greater than the entire oil consumption of Western Europe. With our technology, we have proven that we can reduce energy consumption and the emissions that would go along with it,” said Hussain Shehab, GlassPoint’s Kuwait Country Chairman. He added, “Our aim is to bridge the gap between renewable and conventional energy, 16 Oil & Gas Leaders • June 2017 to transform the oil and gas sector and contribute to creating a cleaner, healthier planet in the process. We understand the potential our technology has to bring about positive change and have used it to inspire our teams.” GlassPoint’s technology uses large mirrors to concentrate sunlight on a pipe filled with water to create steam. The mirrors are enclosed in commercial greenhouses, helping reduce materials and keep costs low. GlassPoint’s innovation of bringing the collectors inside the greenhouse eliminates wind load and protects from the harsh desert conditions. It also enables the use of ultra-light weight, thin mirrors or reflectors, which are suspended from the roof of the greenhouse using a fraction of the raw materials compared to