SkyFuel guarantees the thermal output of their SkyTrough system for up to five years, and the specular reflectance of the SkyTrough reflectors for up to 20 years. The ability to offer insurance backing for this robust warranty is a distinct advantage in a market reliant on risk-averse banks for project finance. Chief Commercial Officer Kelly Beninga stated that, "the Munich Re insurance cover, combined with higher efficiency and lower cost, makes SkyTrough a very bankable solution. Yet again, SkyFuel is pleased to be a leader in the CSP market."
Thomas Blunck, member of Munich Re’s Board of Management commented, "we are delighted to have concluded the first CSP technology contract of this kind with SkyFuel. This is a further instance of our pioneering role in this field, following from the launch of our performance guarantee cover for photovoltaic installations in 2009."
SkyFuel, Inc. manufactures the SkyTrough parabolic trough concentrating solar collector – a breakthrough in cost and constructability resulting from significant design and material innovations. SkyFuel’s wholly owned subsidiary, ReflecTech, Inc. holds the exclusive license to manufacture and market ReflecTech® Mirror Film. SkyFuel is developing next-generation, high-temperature parabolic trough and linear Fresnel systems.