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Phoenix Solar Thermal Investment in Renewable Energy Production

By District Energy posted 12-22-2022 13:36

  

Phoenix Solar Thermal Press Release

Summary

Phoenix Solar Thermal Inc. is very pleased to announce our purchase for an Absolicon production line for the manufacturing of the Absolicon T160 solar collectors. This purchase includes exclusive rights for marketing, production and distribution of Absolicon’ s solar collectors in Canada.

"This investment marks an exciting milestone." says Ed Korevaar, Director of Business Development. "This positions Phoenix Solar Thermal to serve our North American industrial and institutional clients in the development and delivery of turnkey solar thermal solutions, either as a CAPEX project or in an Energy-As-A-Service delivery model."

Phoenix Solar Thermal has built a robust pipeline, representing a potential for 151,000 m2 of Absolicon T160 Solar collectors from various industries and District Energy clients. Beginning of production is slated for 2024, with a location in the Niagara Region. The production line will enable local automated production of Absolicon’ s patented solar collectors, creating added value such as optimized shipping schedules, lower prices and locally adapted solutions.


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