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

12 FEB 2020

Year-End report 2019

6 MAY 2020

Interim report first quarter 2020

19 MAY 2020

Annual General Meeting 2020

18 AUG 2020

Interim report second quarter 2020

4 NOV 2020

Interim report third quarter 2020

PRESS RELEASES

Tillbaka

New financing company accelerates business opportunities for Climeon

Climeon owners have founded the project financing company Baseload Capital to accelerate global, geothermal Climeon Heat Power projects. Gullspång Invest AB, LMK Forward AB and Blue AB are jointly investing 60 MSEK as initial capital in Baseload Capital and Climeon participates through a minority holding not exceeding 20%. 

- Geothermal heat power has the potential to become a major global energy source. A key to unlocking the market is project financing, which we believe may contribute to a strong increase in our business within the geothermal sector. We take a minority share in Baseload Capital to maintain Climeon's focus on world-class Heatpower products, says Per Olofsson, Chairman of Climeon.

Baseload Capital will primarily invest in geothermal energy, i.e. renewable baseload, regarding Climeon's existing business as well as their future business.

- We see great business potential in renewable energy from geothermal heat power. We realized early on that project financing could significantly accelerate Climeon’s development and we are extremely pleased to now enable such leverage. Getting an opportunity to actively participate in the development of sustainable energy production is very interesting and in line with our own business idea, to invest in meaningful value creation, says Magnus Brandberg, Partner at Gullspång Invest AB.

About project financing

Project financing models are common in power plant investments globally. With long contracts, approximately 20-30 years, an energy company buys the electricity produced and the revenue is used to secure equity and loans. Baseload Capital will participate in such projects, both with equity and loans, and the next step is to expand the ownership circle and provide the company with more capital.

About Baseload Capital's main owners

Gullspång Invest AB is a family owned investment company with a long-term investment horizon and focus on energy, food, water, health and education.

LMK Forward AB is part of LMK Industri with investments in different areas, including unique energy and safety technologies, hotel and recreation facilities.

Blue is a Stockholm-based investment company that invests in and operates Nordic and international companies applying human ingenuity to deliver tangible solutions which are resourceful, sustainable and serve as a force for good in society.

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 January 10th 2018 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