Climeon employees will be based in the country to work with partners to explore and deepen the understanding of the Japanese market.
"Japan has all the prerequisites for becoming a big market for Climeon. By opening a representation office, we get the right conditions to get to know the market while showing local stakeholders that we have a long-term perspective," says CEO Thomas Öström.
After the accident at the Fukushima nuclear power plant, Japan's energy production has been significantly reduced, which means that more than 90 percent of all energy is imported. The country has the potential to become more self-sufficient by increasing the utilization of geothermal energy. Japan is located in one of the world's most active volcanic areas and has many hot springs around the country, but today only utilizes just over 2 percent of its known geothermal energy resources. In recent years, the Japanese government has introduced economic incentives and simplified the requirements for permits and surveys to accelerate the shift to local green electricity. The price of electricity generated from geothermal power in Japan today is just over SEK 3 per kWh, which is eight times higher than the electricity price in Sweden.
For additional information, please contact:
Thomas Öström, CEO, Climeon
+46 708 94 96 05
Christoffer Andersson, COO, Climeon
+46 762 00 72 99
Climeon is a Swedish product company within energy technology. The company's unique technology for thermal 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.