Industrial Solar signs Letter of Commitment for a project with an order value of approx. EUR 5 million

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Today, Clean Industry Solutions’ wholly owned subsidiary Industrial Solar signed a letter of commitment with KEBE S.A. (“KEBE”). This agreement is a decisive step towards the final comprehensive contract comprising the supply of a solar process heat system at KEBE’s factory in Kilkis, Greece, with an order value of approx. EUR 5 million, as well as the market development and realization of specific projects with Industrial Solar’s Fresnel technology.

As communicated in February this year, Industrial Solar GmbH has carried out a detailed design for their flagship technology, the linear concentrating Fresnel Collector, for the Greek company KEBE. KEBE is one of Europe’s largest manufacturer of roof tiles and clay bricks. The process heat generated by the Fresnel system will be used directly in KEBE’s production process. Following the successful completion of the technical design, the two parties have committed to enter into a cooperation agreement. The agreement between Industrial Solar and KEBE will include both the installation of a 6.4 MWth solar thermal process heating system at KEBE's plant in Kilkis, Greece, and the commitment to develop a market and implement specific projects using Industrial Solar's Fresnel process heating technology. The parties plan to sign the final contract in Q1/2023.
The planned solar process heating system at KEBE’s premises in Kilkis, with an order value of approx. EUR 5 million has an annual energy production of approx. 7,200 MWh. This will result in a CO2 reduction of approx. 1,800 tons per year, and the installation is planned for 2023/2024. 

This disclosure contains information that Clean Industry Solutions Holding Europe 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 11-10-2022 20:29 CET.

Contact information:

Clean Industry Solutions Holding Europe AB
c/o Win-Win Ekonomi AB
Palmfeltsvägen 21
SE-121 62 Johanneshov/Sweden

Amudova AB is Clean Industry Solutions’ certified adviser. Phone +46 8 546 017 58

Clean Industry Solutions Holding Europe AB holds 100% of Industrial Solar GmbH and 100% of SolarSpring GmbH - both located in Freiburg/Germany.  
Industrial Solar GmbH is an international leading technology and solution provider, which develops projects mainly based on its innovative Fresnel collector technology suitable for fulfilling an expected growing market of solar process heat. As a one-stop-shop Industrial Solar offers turnkey solutions for customers in several industries.
Find out more about Industrial Solar GmbH at the following address:

Founded in 2009 as a spin-off of the Fraunhofer ISE, SolarSpring GmbH - membrane solutions, has evolved into an international pioneer in the field of membrane distillation offering innovative waste- and drinking water treatment technology.
Find out more about SolarSpring GmbH at the following address: