INVESTOR RELATIONS

Climeon produces heat power systems, converting waste heat and geothermal heat
into clean electricity. We do business for a better world.
Here you can find financial information, share data and information about
Climeon's corporate governance.

COMPANY DESCRIPTION

Climeon is a Swedish product company within energy technology. The company’s unique technology for geothermal heat power - Heat Power - makes a large untapped energy resource available and provides sustainable electricity around the clock all year round. Heat Power is a cheap and renewable energy source with the potential of replacing much of the energy that comes from coal, nuclear, oil and gas, today.

Climeon is active within two subdivisions of the market for the baseload energy source heat power: geothermal heat power and industrial heat power. Geothermal heat power utilizes heat from within the earth as an energy source whereas industrial heat power utilizes heat that is generated as a by-product in industrial processes. 

Each of these markets is sufficient to contribute to the earth’s electricity supply and together they constitute complementary legs to build the strategy on.

We take an active stand to combat climate change. We have strict requirements on our own sustainability, social responsibility, environmental work and take an ethical stand towards our vendors and collaboration partners. Sustainability is a key factor in our development process of new products and services, and fully integrated in our organization. We will actively work to prevent the social damaging in connection to our organization. Climeon should have a transparent organizational structure that lives up to the national and international standards for ESG and operational management.

 

FINANCIAL CALENDAR

4 NOV 2020

Interim report third quarter 2020

2 FEB
2021

Year-End report
2020

PRESS RELEASES

Tillbaka

Climeon and Landsvirkjun initiate a cooperation

Climeon and Landsvirkjun, the national power company of Iceland, have signed a Letter of Intent, initiating a cooperation. The purpose of the cooperation is to evaluate a solution combining mineral extraction with Climeon’s technology for electricity production.

Climeon and Landsvirkjun have, in a Letter of Intent, agreed to co-operate in investigating and evaluating extracting minerals such as silica from geothermal brine using Geo40’s technology. This would make producing electricity from the high enthalpy fluid more feasible using technology such as Climeon’s. A solution combining these two technologies can be added to large scale geothermal power plants like the ones Landsvirkjun operate in Iceland.

Landsvirkjun is the largest energy company in Iceland and is owned by the Icelandic state. The company operates an installed capacity of 2.1 GW in hydro and geothermal power plants, making them one of Europe’s largest producers of renewable energy.

 - Landsvirkjun is one of the most well-renowned companies in the geothermal industry and we are very proud to be cooperating with them, says Thomas Öström, CEO of Climeon.

- With this cooperation, we want to show that combining high and low temperature geothermal power production with mineral extraction is technically and commercially viable, continues Thomas Öström.

- The possibility of silica extraction is a ground breaking proposal and will pave the path for additional power production, says Bjarni Pálsson, Executive Director of Geothermal and Wind at Landsvirkjun.

- Geothermal electricity is truly green. However, companies such as Climeon show that there is always room for improvement. We are happy to have signed a Letter of Intent with Climeon to evaluate the opportunities going forward, continues Bjarni Pálsson.

More than half of the world’s geothermal power plants produce extra heat in Climeon’s temperature range that is currently not utilized for power production. To be able to fully utilize this waste heat, Climeon entered a partnership with the New Zealandic company Geo40 that has developed a technology for extracting minerals such as silica from the brine. By removing the silica from the brine, Climeon can utilize the waste heat from the high temperature geothermal power plants for power production, increasing the total power output. 


For more information, please contact:
Thomas Öström, CEO of Climeon
+46 708 94 96 05

thomas.ostrom@climeon.com

Charlotte Becker, Investor Relations & Communication, Climeon
 +46 730 37 07 07
charlotte.becker@climeon.com

 

About Climeon AB (publ)
Climeon is a Swedish product company within energy technology. The company’s unique technology for geothermal heat power - Heat Power - makes a large untapped energy resource available and provides sustainable electricity around the clock all year round. Heat Power is a cheap and renewable energy source with the potential of replacing much of the energy that comes from coal, nuclear, oil and gas, today. Climeon aims to become a global leader and the world's number one climate solver. The B share is listed on Nasdaq First North Premier. Certified Adviser is FNCA Sweden AB,  +46(0)8-528 00 399, info@fnca.se.

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IR CONTACTS

Climeon IR Contact:
Charlotte Becker

Head of Investor Relations & PR, Climeon
+46 730 37 07 07
investor@climeon.com

Climeon Certified Advisor:
FNCA Sweden AB

Box 5807
SE 102 48 Stockholm, Sweden
Phone: + 46 8 528 00 399