GREAT FALLS, Va. , Dec. 01, 2025 (GLOBE NEWSWIRE) -- 247Solar, the MIT-born innovator of clean, always-on industrial heat plus electricity for commercial and industrial customers, today announced the launch of a $25 million Series B capital raise.

Aimed at accelerating project deployment and advancing 247Solar's breakthrough solution to global markets, the round has already secured $3.5 million from existing investors, with additional commitments under active due diligence.

The new funding will help the company advance its $250M active pipeline on six continents that includes a Top-20 global utility, off-grid mining operations, and other applications.

The Company has retained MaxEn Capital Advisors to advise on the offering. MaxEn Capital Advisors has a long history of providing technical and financial consulting in the energy space, with expertise in project finance, project development and capital structuring. 

"With it's unique ability to decarbonize high-temperature industrial heat while also providing clean electricity, 247Solar addresses one of the biggest challenges of all in industrial decarbonization," says Howard Margulis, MaxEn's Senior Managing Director. "We look forward to bringing the Company together with investors and funding sources that also realize the enormous potential of this technology."

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