Industrial Solar: Successful transfer of R&D project with 1.4 m€ subsidies for two system installations

The current Industrial Solar GmbH, which is 100% owned by Industrial Solar Holding Europe AB,  has now officially taken over the H2020 SHIP2FAIR project ( from its predecessor company. 

The total funding volume granted to Industrial Solar over the project duration of three years amounts to 1.4 Mio €, with a funding rate of 75% plus an additional 25% for overheads.
Industrial Solar GmbH has now received a first payment of 390.000 €.

Besides the conduct of research activities on solar thermal monitoring and replication tools for the industry, two solar thermal Fresnel collector systems with a capacity of 1 MWth each are expected to be installed within 2020. Site visits to the industrial partners have taken place, and design and engineering works are already in progress.

Aside from this SHIP2FAIR project Industrial Solar also participates in the FRIENDSSHIP project, for which the company is granted another 456.000 € with a funding rate of 100% plus 25% for overhead over the next three years. (See press release of 04/12/2019)

This information is such information that Industrial Solar Holding Europe AB is obliged to publish in accordance with the Securities Market Act. The information was submitted for publication on December 9, 2019.