Centrotec acquires concentrated solar thermal power Industrial Solar

Centrotec acquires interest in concentrating solar thermal specialist Industrial Solar, substantially expanding its range in the international growth market for solar process heat.

The SDAX-listed company Centrotec Sustainable AG is acquiring a 38 percent interest in Industrial Solar GmbH, Freiburg by way of a capital increase. The latter company, which has arisen through a succession of spin-offs from the Fraunhofer Institute for Solar Energy Systems in Freiburg, has broad technology know-how in the field of solar process heat and solar cooling.

The highly efficient Fresnel collector system, for applications in the temperature range from 130 °C to approx. 400 °C and covering a spread of thermal outputs from several hundred kW to the double-digit megawatt range, offers a broad range of industrial applications for solar process heat and solar cooling. Several successful projects were installed in Spain, Italy, Germany, Tunisia and the United Arab Emirates, and also, most recently, as part of a feasibility study on solar cooling for the stadiums at the 2022 FIFA World Cup in Qatar.

The young company furthermore has a network of industrial partners spanning various sectors and applications, among which several internationally leading German companies in plant engineering and construction, with which it is teaming up to bring on the technology through pilot projects and commercial installations.

Industrial Solar’s range of products and services therefore ideally complements the existing range of solar thermal systems and classic heating and climate control technology from the Centrotec subsidiary Wolf. Thus, together with the existing technologies and subsidiaries Centrotec achieves a unique position in the renewable heat sector.

The investment in Industrial Solar GmbH gives Centrotec excellent access to technology, know-how and an international research network in the worldwide growth market for solar process heat and solar cooling and, in addition complements the renewable product portfolio with a highly efficient system component. Both parties have agreed not to disclose the terms of the investment.