Savosolar hands over solar heating plant in Issoudun, France

Savosolar Plc
Company Announcement, Insider information 3 June 2021 at 8.15 a.m. (CEST)

Savosolar hands over solar heating plant in Issoudun, France

Savosolar has handed over the largest solar thermal plant in France so far, collector field size 14,252 m², to Kyotherm Solar, who owns the plant and sells heat to Malteries Franco-Suisses (MFS). Published originally in August 2019, the project has faced delays due to the Covid-19 pandemic; it has been in operation since January 2021, and now the handover has been completed.

The 10 MW solar thermal plant produces heat to malt drying process in MFS’ factory and reduces the use of gas, saving approximately 2,100 tonnes of CO2 emissions per year with no increase in energy costs to the customer.

Jari Varjotie, the CEO of Savosolar: ”We are very pleased that Kyotherm Solar chose Savosolar to deliver their solar heating plant. The MFS Issoudun malt factory produces 160,000 tonnes of malt annually, and this Kyotherm Solar’s plant supports MFS in achieving their ambitious clean energy targets.”

SAVOSOLAR PLC

For more information:

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

Savosolar Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, ”MAR”). The information was submitted for publication by the aforementioned person on 3 June 2021 at 8.15 a.m. (CEST).

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.