The city of Stockholm is installing SolTech’s semi-transparent solar cells as a roof on a listed building.
SolTech Energy has sold a solar energy installation, consisting of SolTech ST (semi-transparent) panels covering an area of 70 m, to Nordin’s Glas och Metall AB for installation on a listed building in Stockholm’s Slakthus (Slaughter-house) area that is owned by the city. The value of the order is a firm 300,000 SEK (31,580 EUR ) and the instillation is estimated to produce circa 4,260 kWh annually.
Beginning 2016, SolTech has held an exclusive cooperative agreement contract with Sapa Building Systems AB covering building-integrated solar energy solutions in the Nordic and Baltic regions. One of Sapa’s trademarks is Wicona and this sale represents the first SolTech ST order from a retail seller of Wicona’s products. Existing conditions are optimal as this roof has direct southern exposure. SolTech ST makes possible a glass roof with permanent sun screening that simultaneously produces electricity.
CEO Frederic Telander comments:
“The big value gained here is the establishment of a functioning reference, rather than the monetary worth of the order: This installation visibly demonstrates that a glass roof can produce electricity. Roofs and windows can, with our unique semi-transparent solar cells, also function as sunscreens, which reduces the need to cool the temperature indoors. We foresee a very strong market when architects, technical consultants, construction firms and building owners open their eyes to these facts. This is only the beginning.”
The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 26 September 2017, 07:00 CET.
SolTech Energy AB (publ.) in brief SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 11,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden, and ASRE in China, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com