Analysguiden has published an analysis article about Industrial Solar.
To read the whole article, please click here.
Strong cooperation with partners in target markets and sectors are a core element of the sales strategy of Industrial Solar. Recently, the company has signed new agreements which strengthen its position in the market.
The core markets of Industrial Solar, a turnkey provider for solar thermal energy systems, are the Middle East, North Africa, Latin America, Sub-Saharan Africa and Asia. In these locations, the direct solar irradiation is optimal for concentrating as well as for non-concentrating solar technologies to provide process heating. As maximum solar radiation usually occurs when cooling is needed most, process heat can also be used to operate absorption chillers which can shave peak cooling loads. This is an important additional benefit for industrial customers in those regions.
The sectors that have a huge thermal energy demand and are therefore the most promising customers of Industrial Solar are Chemicals & Refining, Pulp & Paper as well as Food & Beverage. In order to accelerate the project development with potential clients, the company reinforces its presence through strategic partnerships, enhancing its presence in the target regions.
During the last weeks, several further cooperation agreements have been signed, for example with:
The selection of cooperation partners goes beyond pure sales activities and specifically considers the ability of participation in project implementation which increases the competitiveness of the company’s solutions and reinforces its capability to create local value.
Further cooperation agreements are under negotiation and first results are already expected within this year.
Industrial Solar launches a new version of its LF-11 Fresnel collector that reduces both costs and weight of the substructure by up to 50%. The new feature uses integrated lightweight platform walkways along the collector structure, permitting integration onto uneven roofs.
When it comes to the implementation of a solar energy system in industry, the area available is often the main constraint. Industrial Solar was one of the first companies to install concentrating solar process heat systems onto rooftops. This allows customers to preserve the constrained ground space for potential upcoming expansions.
For inclined roofs, high efforts for substructure and grating were necessary in the past. With the new feature, Industrial Solar further simplified the building-integration of its Fresnel solar concentrators: Industrial Solar developed a design that integrates lightweight and cost-efficient walkways and gratings directly into the structure of the LF-11 Fresnel collector. The number of interfaces to the customer’s roof is thereby further reduced, while weight and cost can be minimized. The walkways consist of stiff and lightweight sheet metal platforms with an anti-slip surface. Different configurations are available, depending on specific site conditions and solar field sizes. Handrails, skirting and further add-ons can be integrated as well. Typically, both cost and weight of the required substructure can thus be reduced by up to 50%.
With this new development Industrial Solar further reduces cost and eases the integration of its concentrating solar collectors on industrial rooftops, which enables the company to tap the huge market potential of carbon-neutral heat for industry.
Industrial Solar is participating in a consortium of German companies formed to present alternatives for improving efficiency and use renewable energy in the Chilean food industry. Part of this consortium work package is the organisation of a forum together with Chilean experts in the themes of industrial cooling and energy efficiency. The complete agenda and subscription link can be found below (in Spanish):
Location: San Fernando / Chile
Participant: Irapua Ribeiro / Business Developer LATAM
The engineers of Industrial Solar are constantly working on their Fresnel collector design to increase efficiency and to bring down cost. A raytracing study by Fraunhofer ISE proved that they were successful as the optical efficiency reached the 70% mark.
The LF-11 Fresnel collector from Industrial Solar was one of the first concentrating solar collectors to be designed for process heat generation and suitable to be installed on rooftops. Since 2008, Industrial Solar has successfully implemented LF-11 systems in seven different countries and various industrial sectors to provide solar process heat, cooling and direct steam generation.
The LF-11 Fresnel collector is the flagship of the company’s technology portfolio and can generate temperatures up to 400 °C in a power range up to 30 MW, which meets the thermal energy demand of many industries.
The latest version of Industrial Solar’s LF-11 Fresnel collector was upgraded regarding the width of the individual mirror rows as well as the maximum string length. Accordingly, the optical efficiency for perpendicular incidence eta0 increased by 5,1% from 63,5% to 68,6% in comparison to the previous collector version.
The maximum optical efficiency - which is reached at a transversal incidence angle of 5° - has now cracked the 70% limit with a value of 70,9%. These values were confirmed in a raytracing study performed by the Fraunhofer Institute for Solar Energy Systems in Freiburg.
The collector technology has been constantly improved and refined over the years, but these latest design changes are considered a major milestone. The improvements were made without increasing the collector footprint, which means that the customers will obtain a higher yield for the same ground use at an even lower price.
Additionally, the standard vacuum receiver from the CSP sector, which is a core component of the collector, has been improved in the last years, having now a shorter glass-metal-seal and better optical and thermal properties. Another improvement of the collector installation is the increased string length that was optimized for 24 modules using only a single drive in each mirror row, which reduces costs and installation time.
Innovation is central to Industrial Solar, which can be seen in the company’s engagement in various R&D projects on both European and national levels.
The German TV channel "Welt der Wunder" produced a documentary about Industrial Solar for their new format "Green Life" which will be broadcast in the coming weeks. The video has been published today on Youtube with Swedish and English subtitles.
Global warming, melting glaciers, tons of plastic in the oceans - these topics are being widely talked about! The new format "Green Life" of the German free TV channel "Welt der Wunder" deals with topics concerning environmental economics, innovative ecological technologies and future green markets. In this new television series ecological innovations from the German-speaking region are introduced and presented.
The producers of "Green Life" had contacted Industrial Solar last year and their film crew, together with Farah Gammoh, an engineer of Industrial Solar, flew then to Amman / Jordan. The video shows two solar process heat plants in Amman installed at the companies RAM Pharma and Japan Tobacco International JTI.
Industrial Solar's technology for direct steam generation and cooling is explained, and interviews with customers and local stakeholders give an interesting insight into future perspectives and highlight the advantages and possibilities of such sustainable technologies for industry.
Please click here to watch the video with English subtitles.
On 8 January 2020, Industrial Solar Holding Europe AB (ISHE) announced that the Board of Directors had resolved to launch a rights issue of SEK 24.7M with preferential rights for existing shareholders. The terms of this right issue are announced through this press release.
Background of this right issue is the planned acquisition of the company SolarSpring GmbH, a spin-off from the Fraunhofer Institute for Solar Energy systems in Freiburg and a manufacturer of innovative membrane-based water treatment systems.
Industrial Solar announces that the Company's Board of Directors, using the existing authorization to issue new shares, has resolved to carry out a rights issue, of up to 3 798 247 shares at the subscription price SEK 6.50. In total the Company issues approximately SEK 24.7M in the rights issue. Upon full subscription, the rights issue as set out above, the share capital will increase in total SEK 373 765.59 to SEK 1 121 296.87.
In the rights issue with preferential right for existing shareholders the Company receives approximately SEK 24.7M before costs related to the rights issue on the following terms.
Subscription period is 17 January up to and including 5 February 2020.
Please find the full press release here.
Esch-sur-Alzette (Luxembourg). The European Association for Renewable Energies and its Luxembourgian section honoured eight nominees from six different countries with the European Solar Prize 2019 at the Campus Belval in Luxembourg’s picturesque Esch-sur-Alzette on 15/11/2019.
Industrial Solar won the prize in the category ‘industrial and commercial companies or farmers’. The jury honored that, with their operating installations of Fresnel solar steam generators, Industrial Solar proves that solar process steam is feasible, can contribute significantly to a carbon neutral process heat supply and is thus a paradigm shift towards a carbon neutral industrial heat supply.
Martin Haagen, who received the award on behalf of the Industrial Solar team, stated: “I am very proud that our company was awarded the European Solar Prize for our Fresnel collector. With our operating plants, we have proven the great potential of solar thermal energy for process heating and thus laid the foundation of a major step towards a carbon neutral industrial production. Our vision is 100% renewable energy in industry, and the European Solar Prize confirms that we are on the right track”.
Among others, the Fridays For Future movement was honoured with the European Solar Prize 2019, which has been awarded annually since 1994 to municipalities, municipal companies, associations and organisations, architects, journalists and private individuals in cooperation with the national sections of EUROSOLAR. The award recognises the dedication and inventiveness of regional players and provides new impetus for a regenerative and decentralised energy revolution in Europe.
Please find the full press release of EUROSOLAR here.
Industrial Solar participated and presented at the Solar World Congress that took place in Santiago/Chile last week. Mr. Irapua Ribeiro, business developer for Latin America, made a presentation about innovative policy framework and business models, which was one of the main topics for the increase in the implementation of solar process heat projects. "It is a pleasure to be here and present to such a wide audience. The Solar World Congress together with the Solar Heating and Cooling conference showed a wide range of new projects and businesses that are shaping our future energy landscape. We are grateful to see that Industrial Solar solutions are being recognized as successful stories and that new researchers are using our technologies as their references. A special thank you to International Solar Energy Society ISES and SERC-Chile for organizing such a high level event!" highlighted Mr. Ribeiro.
Industrial Solar’s direct steam generation based on its LF-11 Fresnel collector technology has been awarded the “Solar Impulse Efficient Solution“ label.
The “Solar Impulse Efficient Solution” label seeks to bridge the gap between ecology and economy, bringing together protection of the environment and financial viability to show that these solutions are not expensive fixes to problems, but rather opportunities for clean economic growth.
This label is granted to solutions who meet high standards of both sustainability and profitability. “Imagine the impact that this will have on the world! 1000 clean and efficient solutions with a label proving their profitability. They have the potential to create jobs and boost clean economic growth, while also reducing CO2 emissions and preserving natural resources. This is much more than ecological, it is logical!” said Bertrand Piccard, Initiator and Chairman of the Solar Impulse Foundation. “Each time I speak of protecting the environment to heads of state or government officials, they tell me that it is too expensive. This label is a strong message to them: solutions exist, and represent the biggest market opportunity of our century. An opportunity which cannot be missed.” The latest challenge of the Solar Impulse Foundation has received widespread institutional support, including from the UNFCCC, the European Commission, The International Renewable Energy Agency (IRENA) and the International Energy Agency (IEA). Further collaborations include the EU Covenant of Mayors, a collection of more than 7,500 mayors from across the European continent looking to implement EU climate and energy objectives and to transition their cities toward sustainability.
Christian Zahler, CEO of Industrial Solar Holding Europe AB, commented: “Thank you for awarding our solar steam generation system the “Solar Impulse Efficient Solution“ label and for telling the world that there are efficient, sustainable and affordable solutions out there reducing our emissions and bringing us closer to a carbon neutral society and circular economy. We’re proud to be a part of the solution.”
Industrial Solar will participate in the XXI Luso-German Symposium on Energy and Efficiency for the industry in Portugal.
Date: 15.10.2019, from 9h to 16h45
Venue: SANA Lisboa Hotel
Portugal uses around 1/3 of its energy in the industry, which faces strong competition from international markets in which energy prices are lower. In order to tackle this challenge, the Luso-German Chamber of Commerce and Industry organizes the XXI symposium with energy specialists from Portugal and Germany and other relevant stakeholders.
Meet us there!
Thanks to the support of the EU Gateway program, Industrial Solar exhibits its solutions at the 7th World Smart Energy Week in Osaka/Japan.
Japan's Leading Energy Show started on September 25, 2019 on the INTEX fairgrounds in Osaka/Japan. Industrial Solar was selected by the EU Gateway program as one of 32 companies from Europe to exhibit its solutions and services at EU Pavilion in Hall 4.
Christian Zahler, Managing Director of Industrial Solar GmbH, stated: "I'm very proud that our company has been selected for the EU Gateway Mission on Green Energy Technologies to Japan. With the excellent support of the EU Gateway program, we can present our solutions for industrial customers located in the sunbelt of our planet. There are plenty of large Japanese corporates with facilities in countries which are suitable for our solar solutions. With our customer Japan Tobacco International (JTI), who purchased one of our solar steam generation system for its production facility in Amman/Jordan in 2017, we have an excellent reference to convince other potential partners and customers here in Japan. Furthermore, there are also many companies exhibiting at this fair that offer products and technologies which are of interest to us as internationally active turn-key providers." The World Smart Energy Week is held twice a year in Tokyo (February) and Osaka (September) and aims to provide a platform for professionals from across the world to negotiate and network for the future of smart and renewable energy business and to promote and foster innovation. More than 60,000 visitors attended the World Smart Energy Week in Tokyo in February this year, and the increasing visitor numbers display the growing interest in and importance of the World Smart Energy Week’s program and sustainable energy solutions.
The parties jointly foster the initiation of heat purchase agreements for solar process heat in Jordan.
On September 16, 2019, Industrial Solar GmbH, a 100% subsidiary of Industrial Solar Holding EuropeAB, signed a partnership agreement with the German Corporation for International Cooperation (GIZ). The objective of the three-year project is to foster heat purchase agreements for solar process heat in Jordan. The total project volume is going to exceed 400 k€, of which Industrial Solar will receive direct public support of 173.5 k€. In sunny countries like Jordan, solar process heat can significantly cut the fuel demand, CO2 emissions and operating costs, and thus, contribute to a sustainable development. Industrial Solar has successfully proven its technical excellence by implementing two solar process heating systems in Jordan. Through the new approach of heat purchase agreements technical solutions will be combined with an innovative business model where the industrial enduser does not need to cover the capital investment of the plant. In this way, a major constraint for interested end-users will be overcome and a significant increase in the turn-over is expected. To foster this business model in Jordan, Industrial Solar GmbHand GIZwill develop suitable contracts, implement the first solar process heating project under a heat purchase agreement in Jordan and undertake further capacity building measures for both solar process heating and heat purchase agreements. Within this development partnership the parties will cooperate with further private and public partners from both Jordan and Germany.
Industrial Solar has been selected to participate in the EU Gateway for Business with Green Energy Technologies in Japan. The start of the program is scheduled for September 2019.
The company fulfilled the eligibility criteria and thus gets the opportunity to participate in a one-week business mission focused on Green Energy Technologies in Japan, benefitting from a range of business support services, which include coaching, logistical, and financial support.
Industrial Solar is one of only 40 companies from across the EU, which have gotten this opportunity to gain first-hand experience in dynamic markets and establish business contacts with local companies via business matching events and meetings.
EU Gateway - Business Avenues is an initiative funded by the European Union helping European companies to establish long-lasting business collaborations in Asia.
The tourism industry in Mexico represented 8.5 % of the national GDP in 2016 and has a very high potential for application of renewable energy technologies and energy efficiency measures.
With this prospect in mind, the Mexican German Chamber of Commerce and Industry (AHK-Mexico) organized a symposium in Mexico City on May 7th, in which specialists from different fields presented their solutions and discussed the latest trends with a wide audience. Industrial Solar presented the latest technologies of solar thermal and cooling as well as potential applications in the Mexican tourism industry at the event.
Check out the program here (in Spanish).