Agreement signed for a first line, order value approximately 25 MSEK
Absolicon has signed an agreement with the Chinese company Heli New Energy Technology to deliver a production line for concentrating solar collectors. The agreement is worth approximately 25 MSEK.
As reported in August 30:th 2016 and December 22:nd 2016 Absolicon has negotiated with a Chinese consortium to install a complete production line for concentrated solar collectors in the Sichuan province. The contract is now signed and the agreement is worth approximately 25 MSEK.
The order marks the start for Absolicon’s robotized production line which will produce a solar collector every 6 minutes which yields 100,000 m2 of solar collectors per year.
“By using robots in mass production, we lower the production costs. Our goal is to make solar energy the cheapest source of energy for industries and district heating networks”, says Joakim Byström, CEO Absolicon Solar Collector AB.
The deal is rooted in China’s 13th five-year plan that specifies that China will invest in industrial solar heating in industries with large heat requirements and industrial parks. The market value of the investments in the demonstration projects for industrial application and district heating that are pointed out by the Chinese energy administration, NEA, is approximately 20 billion SEK. Absolicon’s solar collector T160 gives in comparison with the standard flat solar panels in many places 50% higher yield at 85°C working temperature.