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Absolicon signs agreement for production line in China

Absolicon has signed an agreement with the Chinese company Heli New Energy Technology to deliver a production line for concentrating solar collectors. The agreement is worth approximately 25 MSEK.

As reported earlier, Absolicon has negotiated with a Chinese consortium to install a complete production line for concentrated solar collectors in the Sichuan province. The contract is now signed and the agreement is worth approximately 25 MSEK.

The order marks the start for Absolicon’s robotized production line which will produce a solar collector every 6 minutes which yields 100,000 m2 of solar collectors per year.

“By using robots in mass production, we lower the production costs. Our goal is to make solar energy the cheapest source of energy for industries and district heating networks”, says Joakim Byström, CEO Absolicon Solar Collector AB.

Source: http://www.absolicon.com/agreement-signed-for-a-first-line-order-value-of-approximately-25-msek/