h2t consultores has signed a framework agreement with Absolicon for the acquisition of a production line for the T160 Solar collector in
Market potential
The collaboration is built on the qualified experience of h2t consultores in the
The largest segments of Absolicon's solar collector technology in the region are:
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Pulp and Paper
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Chemical
·
Textile
·
The framework agreement sets out overarching principles
The framework agreement prescribes the general principles for the separate agreements to be drawn up, and the steps to be taken before a binding agreement for the acquisition of the production line can be signed. The estimated value of sales is subject to change as well as the definitive design of the production capacity of the production line. Absolicon estimates today that the sales value of the agreement is at the lower end of the range of € 4-5 million.
If h2t consultores fails to meet its commitments at every stage, they lose the right to complete the acquisition and then have the opportunity to recover part of the purchase price, but never for Absolicon's incurred costs.
1. Sale of the production line
The production line is of the same model as Absolicon has in
The total value of hardware and activities covered by the agreement is estimated at € 4-5 million.
2. License to manufacture T160
For the right to manufacture T160 under Absolicon's intellectual property protection, take part in future product development and use Absolicon's trademark, a monthly license fee of approximately 4% applies to the sales value.
The production line in full production produces on a shift 50 MW solar collector (100 000 m2) per year with sales value € 20-25 million which with 4% license fee would mean about € 800 000 per year in license revenue. Absolicon's estimate, however, is that it takes time for h2t consultores to develop the solar thermal market for industries in the region so that these volumes can be achieved.
3. Material supply
Through the agreement, Absolicon ensures access to patented components and high-quality inputs partly manufactured in
At full production, the production line needs to buy materials for € 10-15 million per year where 20% - 30% of purchases may go through Absolicon and 70% - 80% from local subcontractors. The outcome for Absolicon depends to some extent on the result of Absolicon's ongoing material investment.
Next steps
In this case, negotiations for the signing of the framework agreement have been fast and cooperation is still at an early stage. Discussions have just begun on the first pilot installations of the T160 in
*source: iea.org
New framework agreements with partners in different countries have previously been published as inside information in accordance with the regulations in the EU Market Abuse Regulation. After more than ten signed framework agreements, we can state that the establishment of framework agreements is now part of the day-to-day operations and is no longer counted as inside information.
Joakim Byström vd
Email: joakim@absolicon.com
Phone: +46 611-55 70 00
Press: https://www.absolicon.com/press-news/press-material/
Absolicon is a listed Swedish solar energy company, specializing in concentrated solar heating. The solar collector T160 operates up to 160°C and has the highest optical efficiency ever measured for a commercially available small parabolic trough. After achieving groundbreaking performance, Absolicon has built two robotized production lines, one in
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