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Absolicon invests in Solis Calor AB and becomes a 20% shareholder

2022-02-14

Solis Calor AB, based in Stockholm, has developed a concept for the design, financing and asset management of solar heating systems and energy storage solutions. Absolicon together with the Austrian solar heating company SOLID join the company as founders and will contribute with projects and participate in the board and in the establishment of financial structures for solar heating. The objective is to offer investors the opportunity to invest in infrastructure with long-term cash flow and at the same time contribute to the energy transition.

Solis Calor AB is a company that offers energy services to companies, public institutions and to district heating providers. The company was started by Magnus Andersson and Stefan Jonsson together with the solar heating companies Absolicon and Austrian SOLID. Absolicon and SOLID contribute to Solis Calor with projects, working hours and financing of SEK 250,000 through a directed new share issue. Through the share issue, Absolicon and SOLID each receive 20% ownership. The other 60% of the shares are controlled by the company’s management.

The business concept was developed during 2020-2021 together with InnoEnergy (www.innoenergy.com) with the aim of developing the industry by creating investment structures that jointly aim to develop and own solar heating systems. Value creation takes place through the development and management of project companies and their revenues, refinancing and the sale of assets over time. The concept involves financing throughout the value chain including acquisitions of project companies to companies with operational solar heating systems.

Absolicon’s ownership provides Absolicon’s production line partners with access to both financial solutions for solar heating and financial resources via Solis Calor and its investors.

– Solis Calor AB will provide Absolicon and our production line partners the availability of external financing of new solar collector fields from project development to re-financing. Solar heating systems offer customers green and competitive energy where Solis Calor offers it as a service via local SPV with access to competitive capital, says Joakim Byström, CEO of Absolicon.

SOLID has 30 years of experience as a project developer and is one of the world’s leading companies in solar cooling and heat purchase agreements for solar heating. SOLID has installations all over the world and sells solar heat to several Austrian district heating networks. At its facility in Graz, SOLID has installations of Absolicon T160.

Solis Calor’s management has extensive experience from the industrial and financial sector.

Magnus Andersson, CEO, has previously worked in ABB, Handelsbanken and Pareto with M&A, financing of renewable energy, infrastructure, real estate and fund solutions in several countries and has a wide network of investors. Extensive advisory experience as an energy expert for various clients.

Stefan Jonsson, CFO, has a background at SEB where he worked with global leasing solutions. Stefan has been running a consulting company for 15 years, including projects to finance cleantech solutions together with WWF.

Absolicon Solar Collector was established in 2005 and provides solar heating solutions for industries and cities. Absolicon’s parabolic solar collectors are the market leader in solar heating for industrial processes. By selling local production lines for solar collectors, Absolicon can provide a profitable, easy-to-install and emission-free energy solution that delivers heat and steam to industrial processes and district heating networks.

Further information is provided by:

Magnus Andersson, CEO Solis Calor AB, phone +46 8 7217610, email: info@soliscalor.com

Joakim Byström, CEO Absolicon AB, phone +46 61155700, email: info@absolicon.com

This disclosure contains information that Absolicon is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 14-02-2022 12:50 CET.

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