Savo-Solar thermal collectors at Jelling Varmevaerk show a record breaking performance of 5kWh/m2

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Savo-Solar Plc
Company Announcement                  6 July 2016 at 11.30 a.m. (CEST)


Savo-Solar thermal collectors at Jelling Varmevaerk show a record breaking performance of 5kWh/m2

Savo-Solar has delivered a solar collector field to Jelling Varmeværk in Denmark in spring 2016. The field has been taken into use mid-June and shows, according to the customer’s measurement and analytics, an excellent performance. In early June, a first portion of the collector field started its energy production and already during its first weekend of production produced 34 MWh in one day. This initially started portion of the field contains 461 of the total of 1,031 collectors and offers a total area of 6,836.63m2. Accordingly, the measured efficiency is a record breaking 4.97 kWh/m2, which is, according to the information available to the company a new Danish record, passing the next best field with almost 6%.

Bjarne Nielsen, Plant Manager of Jelling Varmeværk: “We are very pleased to have received a collector field which has become record breaking already in its first weeks of operation. It will be exciting to follow the collectors’ performance during the summer and the rest of the year.”

Jari Varjotie, Managing Director of Savo-Solar: “We are happy to see that our collectors are delivering according to promise, to the full satisfaction of our customers. Our unique technology means minimized heat loss and maximized energy yield, and the results are best seen in practice. The more data we receive from actual use of our collectors, the better we can encourage our potential new customers to rely on our thermal systems.”

SAVO-SOLAR PLC

Savo-Solar Plc. discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 6 July 2016 at 1.30 p.m. CEST.

For more information:

Savo-Solar Plc.
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.fi

Savo-Solar in brief
Savo-Solar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company’s collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savo-Solar helps its customers to produce competitive clean energy. Savo-Solar’s vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems – market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savo-Solar is known as the most innovative company in the business, and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savo-Solar’s shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.fi.

The Company’s Certified Adviser is Mangold Fondkommission AB, tel.: +46 8 5030 1550.

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