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

5 NOV 2019

Interim report third quarter 2019

12 FEB 2020

Year-End report 2019

6 MAY 2020

Interim report first quarter 2020

17 JUL 2020

Interim report second quarter 2020

4 NOV 2020

Interim report third quarter 2020

PRESS RELEASES

Tillbaka

Climeon increases capacity with new test site in Kista

Climeon increases the capacity with a new test center for development and testing of heat power modules in Kista. The new facility increases Climeon's total delivery capacity.

The new testing facility is located in connection to the company's new office in Kista, with the possibility of more customer demonstrations, faster development verification, extended test time and a unified organization.

- We are building the business to become a globally leading product company within energy technology, says CEO Thomas Öström. Therefore, it is strategic for us to gather the organization in one place.

- With the new test center in Kista, we will have development, delivery and service in one place and the entire organization will be close to the technology, continues Thomas Öström. This gives us optimal conditions for continued expansion.

At present, all of Climeon's modules are tested in Norrköping before they are delivered to customers. The new test center's higher capacity matches production capacity better.

Climeon's business is focused on carefully and professionally steering towards business that has the potential to deliver high volumes. In order to meet a rapidly rising demand and higher volumes, the business is being built to scale up. The expansion of the testing capacity is a part of this work.

The Heat Power modules are produced by contract manufacturer Mastec in Vaggeryd, Småland. Mastec's facility has the capacity to produce 400 modules per year with the possibility of scaling up to a maximum of 2,500 modules per year. Scalability is primarily made possible by the Heat Power system being based on standardized modules that can be serially manufactured. Mastec also conducts testing in Vaggeryd.

At the end of the second quarter of 2018, Climeon's order backlog amounted to approximately SEK 740 million.

For further information, please contact:
Thomas Öström, CEO, Climeon 
+46 708 94 96 05 
thomas.ostrom@climeon.com

Christoffer Andersson, COO, Climeon 
+46 762 00 72 99 
christoffer.andersson@climeon.com


About Climeon
Climeon is a Swedish product company within energy technology. The company's unique technology for geothermal heat power - Heat Power - provides sustainable electricity around the clock all year round, in abundance and cheaper than the alternatives, and thus outperforms other types of energy. Climeon aims to become a global leader and the world's number one climate solver. The B share is listed on Nasdaq Stockholm First North Premier. Certified Adviser is FNCA Sweden AB.

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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