Savosolar hands over solar district heating system in Cadaujac, France  

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Savosolar Plc
Company Announcement                            22 December 2021 at 3.30 p.m. (CET)

Savosolar hands over solar district heating system in Cadaujac, France

Savosolar handed over a solar thermal system for a local heat network in Cadaujac, France, to AbSOLAR SAS.

Savosolar delivery included a turn-key solar plant with the solar collector field, piping, solar station and automation.

Our delivery is part of 100% renewable energy solution where the solar thermal plant is combined with a seasonal borehole thermal storage from AbSOLAR to supply heating and domestic hot water to the 67 single family houses newly build and connected to this heat network. The energy mix is intended to be >95% from solar thermal making it nearly CO2 emission free.

The delivery agreement for the Cadaujac project was announced in January 2021 and total value of the project is approximately EUR 300 thousand. The c. 950 m2 collector field is built with Savo 15 SG collectors.

Jari Varjotie, the CEO of Savosolar: “This project in Cadaujac is a perfect example of two important trends, which benefit also Savosolar business development: The first one is the rapid growth of demand for CO2 free heating solutions. The other trend is the increase in heating network coverage in Europe. This project, while relatively small compared to our other recent projects, serves as a lighthouse project and technology demonstrator for compact scale heating networks where nearly 100% fraction of solar heat can be achieved when combined with a seasonal thermal storage”.

SAVOSOLAR PLC

For more information:

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

About Savosolar
Savosolar 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, Savosolar helps its customers to produce competitive clean energy. Savosolar’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. Savosolar 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 almost 20 countries on four continents. Savosolar’s shares are listed on Nasdaq First North Growth Market Sweden with the ticker SAVOS and on Nasdaq First North Growth Market Finland with the ticker SAVOH. www.savosolar.com.

The company’s Certified Adviser is Augment Partners AB, info@augment.se, phone: +46 8-604 22 55.

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