Two thirds of the energy consumption in the industry is thermal energy, which is produced with expensive and polluting fos- sil fuels. In the case of heat intensive sectors, like food processing for example, thermal energy can represent more than 70% of the overall production costs, squeezing their margins and their compe- titiveness. Industries looking for solar energy alternatives, find that current technologies are only competitive at large scale (over 5MW), making them unviable for most industrial applications.
Uniqueness, Technology overview, barriers to competition
Our design uses mirrors that follow the sun to concentrate the sunlight into a receiving tube where steam or thermal oil is heated up to 300oC. All components are assembled in our module which has the same size and transportability of a standard goods container. Once assembled, every module is calibrated and tested before being shipped, avoiding costly on-site construction and commissioning. All modules forming the solar plant are easily connected to the client’s production process becoming operative just one hour after the delivery.
Market size and analysis
According to the EU-JRC, thermal energy consumption in south European industries mounts to 19.000 M€ and grows by 7% each year. Our initial beachhead market is formed by food industries located in south European regions with a high price of fossil fuel (above 4c€/kWh), this represent a market of 89M€. We have started in the Spanish market (200 companies c.14M€). Internationalization will start in 2019, by shipping modules built in our factory in Spain.
|First Name||Last Name||Job Title||Impressive Facts|
|Miguel||Frasquet||CEO||MBA and PhD in Solar Energy, 6 years’ experience in managing solar projects for industrial applications|
|Raul||Villalba||CFO||MBA at London BS, 7 years’ finance experience within solar companies, consultant firms, and a cleantech VC|
|Juan||Martinez||CTO||MSc. Mech. Eng, 6 years’ experience in designing and manufacturing industrial equipment in aeronautics|
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