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

 

 

3 Jun
2019

Aktiespararnas småbolagsdag

28 Aug
2019

Interim report second quarter 2019

5 Nov
2019

Interim report third quarter 2019

PRESS RELEASES

Tillbaka

Climeon receives its first US geothermal order

Climeon has received an order for a geothermal power plant in California, the world’s largest market for geothermal power. This is yet another proof of Climeons competitiveness in the renewable geothermal baseload power market which is a multi-billion-dollar market that has the potential to completely phase out fossil fuels.

Unlike other renewable energies, such as wind and solar, geothermal power is in service 24/7, with the ability to provide the same regulating power as coal or oil-fired power plants. Geothermal energy is part of the heat power category and is cheaper than solar and wind in most cases and requires much less physical space. The total potential for geothermal power in the US is significant. According to the California Energy Commission, geothermal power is already delivering more than 17% of the states total renewable energy portfolio, with an installed base of 2,700 MW. If Climeon in the future would cover just 5% of the geothermal power that can be harnessed in California, it would translate into more than one billion dollar worth of business for Climeon at the same time as it would create significant CO2 savings.

“We scanned the market for equipment to better utilize our resource and increase power from our 99°C geothermal resource and found Climeon to be the most attractive and flexible option that fits our needs. They offered the best technical solution and economics for us, which to a great extent derives from the high efficiency and relative operating and maintenance costs of the Climeon Heat Power system. We are now very eager to get the new power plant equipment up and running.” Peter Blood, Managing Partner of Wendel Energy Operations I.

”We are very excited to have been selected for this project. The potential for low temperature geothermal heat power is substantial and can be produced almost anywhere in the world. This new order, together with the high-volume order that we received earlier this year from Iceland, positions us as a key player in the transition from fossil fuels to renewable energy.” Thomas Öström, Founder and CEO of Climeon

The customer, Wendel Energy Operations I, has ordered four Climeon Heat Power systems with delivery in 2018. The power plant has a fifteen years offtake agreement with a local utility and provides vital baseload power to the community. Climeon has been instrumental in structuring the financing of the project.

This press release contains such information that Climeon AB (publ) is required to publish in accordance with the EU Market Abuse Regulation. The information was published for public disclosure on December 22, 2017, at 08:30 CET through the agency of the contact persons set out above.

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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