Vicinity Motor Corp. to Report Second Quarter 2021 Results on Wednesday, August 11 at 4:30 p.m. Eastern Time

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $223 MCAD
Stock price at time of publication: $7,22 CAD ( reverse split price 2,40 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $485 MCAD
Website: https://vicinitymotorcorp.com/

Vicinity Motor Corp, a leading supplier of electric, CNG and clean diesel vehicles, today announced that it will release financial results for the second quarter ended June 30, 2021, after market close on Wednesday, August 11, 2021.

Management will host an investor conference call at 4:30 p.m. Eastern time on August 11, 2021 to discuss Vicinity’s second quarter 2021 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:

Q2 2021 Conference Call and Webcast

Date: Wednesday, August 11, 2021
Time: 4:30 p.m. Eastern time
U.S./Canada Dial-in: 1-877-300-8521
International Dial-in: 1-412-317-6026
Conference ID: 10159285
Webcast: http://public.viavid.com/index.php?id=146136

Please dial in at least 10 minutes before the start of the call to ensure timely participation.

A playback of the call will be available through Saturday, September 11, 2021. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally. Please use the replay pin number 10159285. A webcast will also be available by clicking here: Vicinity Q2 2021 Webcast.

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We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

EarthRenew Announces New Senior Debt Facility for Replenish

Company: Earthrenew
Listings: CSE Canada , Frankfurt and US OTC
Tickers: ERTH / VVIVF / WIMN
Market cap at time of publication: $20,6 MCAD
Stock price at time of publication: $0.25 CAD
Business: Regenerative agriculture
Website: https://www.earthrenew.ca/

Highlights:

  • Replenish Nutrients Ltd. (wholly owned subsidiary of Earthrenew) secures new debt facilities totalling $3.2 million to support planned expansion efforts.

Earthrenew a Canadian company focused on regenerative agriculture solutions, today announced that, effective July 21st, 2021, its wholly owned subsidiary Replenish secured new senior secured asset-based credit facilities totalling $3.2 million from Agriculture Financial Services Corporation . The ABL Facility will replace Replenish’s existing senior debt, and will be used to fund inventory growth and capital expenditures related to Replenish’s current production facilities.

“We are very pleased to have Replenish enter into this strategic relationship with AFSC, one of Alberta’s leading agricultural lenders,” said Keith Driver, EarthRenew’s Chief Executive Officer. “The facility is flexible, allowing it to fit our dynamic business needs. The customized financing provided by AFSC demonstrates the strong support for agribusinesses and will provide us with significant financial flexibility to continue to execute our growth plans.”

The ABL Facility contemplates a five-year term, including interest-only payments until January 1st, 2022. Amounts drawn on the main facility bear interest at a rate of 3.52% per annum, while the inventory loan rate is 2.875% per annum. On closing, an aggregate of $2,558,968 was drawn on the ABL Facility, with $1,592,291 used to repay existing senior debt. The ABL Facility is subject to compliance with financial covenants starting in 2022. EarthRenew has provided an unlimited guarantee as security for the ABL Facility.

ESG comments.
We are very impressed that Earthrenew has secured very attractive non dilutive financing at such a low interest rate which really highlights that their business model is far more derisked than what the market is pricing the company at currently. To clarify for new readers not familiar with Earthrenew , Replenish is a wholly owned subsidiary of Earthrenew which was effectively purchased by may 1st 2021 . Earthrenew has had many great news in the past month which as of yet has not reflected in the share price including off take and distributions agreements with big stakeholders. We believe it’s only a matter of time before the market realizes what an undervalued gem Earthrenew is. The acquisition of Replenish is expected to add annual sales of 9-12 million CAD initially with big growth expected ahead, Replenish has a very good sales distribution network in the United States where Earthrenew is aiming to expand.


Earthrenew is a very exciting addition to the ESGFIRE portfolio on which we will be doing an extensive analysis on in the coming months. Earthrenews patented thermal processing technology transforms livestock manure into a powerful, all-natural organic fertilizer that promotes plant growth and restores soil health.This means, in simple terms, that farmers which use Earthrenew products not only get higher yields by 20-40 % on their crops but it also enables for the soil to sequester(store) more carbon. Studies have also shown that farmers who use this fertilizer on average saves the climate for aproximately 1 tonne of carbondioxiode for each tonne used compared to chemial fertilizer. The best part of the equation is the product is priced at the same level as chemical fertilizer and with possible carbon credits the products is actually cheaper. No wonder the company is sold out completely for 2021! The company’s plan is to increase their output to 400 000 tonnes by 2024-25 equalling revenues of about 140 million CAD.

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Clear Blue Technologies awarded 10-15 Million Dollar Contract by NuRAN

Company: Clear Blue Technologies International Inc
Listings : TSX Venture , US OTC
Ticker: CBLU.V and CBUTF
Market cap at time of publication: $22.36 MCAD
Stock price at time of publication: $0.34 CAD
Business: Off-grid Solar powered telecommunications and Solar powered lightning
Website: https://www.clearbluetechnologies.com/

ESGFIRE portfolio company Clear Blue Technologies today (29/7 2021) announced their biggest order in the history of the company!

Clear Blue technologies has signed anagreement with NuRAN Wireless Inc. (‘NuRAN’), a leading supplier of mobile and broadband wireless infrastructure solutions, with an initial estimated value between $8 million to $10 million CAD in revenues over the next three years. Clear Blue’s 2021 third and fourth-quarter earnings will reflect initial sales numbers for the contract, but the Company is providing estimated pro forma revenues for its shareholders in this release. Unless stated otherwise, all dollar amounts are in Canadian dollars, with gross margins in line with what the Company has historically reported.

Key highlights:

  • NuRAN awarded Clear Blue the contract to power an estimated minimum of 1,333 telecom sites in the Democratic Republic of the Congo (DRC);
  • Clear Blue’s first order will realize $750,000 of revenues, in the remainder of 2021, with the initial orders due to start shipping in July;
  • Clear Blue estimates approx. $2.5 million per year in revenues between 2022 – 2025, totaling a minimum additional $7.5 million;
  • The contract includes Energy-as-a-Service, which will provide additional minimum recurring revenues of $100,000 per year, contracted for a minimum of three years, with expansion growth and renewals thereafter.

“This is one of the largest deals secured to date and provides significant upside for Clear Blue’s revenues over the next three years,” says Miriam Tuerk, Co-founder and CEO, Clear Blue Technologies. “We see this as part of a trend, as we emerge from the global pandemic, where corporations are looking to be more sustainable. Projects are being greenlit and orders for our smart off-grid systems are picking up. As a result, Management is highly optimistic about revenue and top-line growth during the remainder of 2021 and into 2022.”

Clear Blue is contracted to provide its smart off-grid power in the form of the Nano-Grid Power Packs and Energy-as-a-Service to at least 1,333 telecom sites operated by NuRAN in the DRC. This total number of sites represents two-thirds of the total installation, with NuRAN choosing to retain vendor diversity by awarding the remaining sites to other third-party suppliers given the size of the project.

Francis Létourneau, President and Chief Executive Officer at NuRAN stated: “Clear Blue’s Smart Power and Energy-as-a-Service are key components to our planned telecom roll-out in the DRC, offering the lowest CAPEX/OPEX as well as the best performance and uptime. Because of that, it enables these rural sites to be simultaneously cost-effective and reliable for a strong, viable and profitable business model.”

Of the 89.56 million people living in DRC, approx.18% have access to the internet, according to Statista, demonstrating a clear need to increase connectivity in the region.1 Further, the World Bank estimates that the population of the DRC will have reached 120 million by 2030, providing an even greater opportunity for growth in the telecom market.2

NuRAN could increase its current order for Clear Blue’s Smart Power systems by between 30 – 50%, depending on the success of the initial installations and available financing for follow-on projects. In addition, as the capacity of each site grows, and if NuRAN extends its contract for Energy-as-a-Service beyond the initial 3-year period, Clear Blue expects that the total value of this contract could be $15 million over 10 years.

Clear Blue has a long-standing relationship with NuRAN that has grown to multiple projects since the Company’s first installation with the telecom operator in 2018. Most recently, NuRAN awarded Clear Blue a contract in Q4 2020 for Cameroon that was valued at $1.45 million.

Tuerk adds: “We value the trust that NuRAN has placed in us to deliver power to their telecom sites and look forward to working with them on this latest installation.”

ESGFIRE comment:
We are extremely pleased to read today’s announcement from Clear Blue Technologies. The order announced today is groundbreaking especially since the total turnover for Clear Blue Technologies in 2020 was 4 MCAD. It is projected that this deal with Nuran is worth in total betwen 10-15 million CAD over the next 10 years. The immediate financial effect of the order is revenues of 750 000 CAD for 2021 and with an annual revenue stream of 2,5 MCAD between 2022-2025. In addition to this the contract includes Energy-as-a-Service revenues which will provide additional minimum recurring revenues of $100,000 per year, contracted for a minimum of three years, with expansion growth and renewals thereafter.

What we also find exciting about this announcement is that it shows the great business relationship between Nuran and Clear Blue Technologies is flourishing and may add even more contracts to come in the future.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Vicinity Motor Corp. Selected for California Statewide Contract

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $209 MCAD
Stock price at time of publication: $6,79 CAD ( reverse split price 2,26 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $485 MCAD
Website: https://vicinitymotorcorp.com/

Vicinity Motor Corp today announced that the MBTA has authorized an award on behalf of the California Association for Coordinated Transportation (“CALACT”) consortium members to select Vicinity buses in a statewide purchasing contract that gives State transit agencies authority to purchase “Buy America” compliant buses directly from the Company’s diverse portfolio through its distribution partner ABC Companies.

CALACT is the largest state transit association in the United States, representing California small, rural and specialized transportation providers statewide. CALACT has over 300 members and is dedicated to promoting professional excellence, stimulating ideas and advocating for effective community transportation.

Vehicles authorized for purchase will be produced at Vicinity’s recently announced “Buy America” compliant assembly facility in the State of Washington, which will produce environmentally friendly CNG and clean-diesel vehicles between 28 and 35 feet in length.  Once constructed, the Washington State based facility will also produce the upcoming Vicinity Lightning 28’ all electric transit bus.

“The California market represents the largest in the United States, and this contract allows all CALACT members the ability to choose Vicinity as an OEM supplier for their growing fleets,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “CALACT forecasts this contract may include up to 8,000 vehicles over 5 years, representing a major opportunity for Vicinity to expand in California. Leveraging our partnership with ABC Companies, we believe we can offer competitive bids for our innovative line of Vicinity high efficiency buses. We look forward to working with CALACT members to match our unique vehicle offering with their requirements, creating long-term value for both our customers and shareholders,” concluded Trainer.

Roman Cornell, President ABC Companies added, “Our partnership with Vicinity Motor Corp. continues to expand, leveraging Vicinity’s heavy duty mid-size product range which brings exceptional value and flexibility to a changing transit market. The upcoming Vicinity Lightning battery electric bus will further expand our existing electric offering and bring a unique Buy America compliant solution to customers and agencies focused on carbon reduction initiatives.”

ESG Comment:
Today’s news is another HUGE milestone for Vicinity Motor Corp with a contract potential to add sales of up to 8000 vehicles over the next 5 years. This contract could potentially add annual sales figures of 350 MCAD – 560 MCAD for the company. There has lately been news of VMC’s electric vehicle rival Proterra having buses in California catching fire due to extreme heat and also that local officials are considering pulling their buses out of traffic. Therefore this new contract should definately open up for Vicinity Motor corp to take a big piece of the coming growth in the Californian Electric Vehicles market seeing as Proterra’s reputation and stock price is getting beaten down.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Solarvest Enters Into a Contract with The Investing News Network

Company: Solarvest Bioenergy Inc.
Listing : TSX Venture,Frankfurt
Ticker: SVS.V , 0ZJ:FRA
Market cap at time of publication: $14.94 MCAD
Stock price at time of publication: $0.27 CAD
Business: Patented plant based pharmaceuticals from algaes and Clean Energy Hydrogen production
Comparable peers: Else Nutrition market cap : 306 MCAD
Website:http://www.solarvest.ca/ and for the omega 3 products: https://eversea.ca/

We are pleased to see Solarvest has entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network (INN). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. For the 13 month term of the agreement, INN will provide advertising to increase awareness of the issuer.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Cielo Announces New COO and Changes to Senior Management Team

Ticker: CMC.V / CWSFF
Listings: TSX Venture Exchange / US OTC / Frankfurt
Website:https://www.cielows.com/
Market Cap: 935.51 MCAD at time of publication
Share price: 1.45 CAD at time of publication
Industry: Converting waste to renewable fuel

We are delighted to see Cielo announce new COO and Changes to Senior Management Team. Gregg Gegunde will be the new Chief Operating Officer (COO).

The company commented “Mr. Gegunde has over 26 years of experience in the energy sector with diverse executive and technical leadership skills. Mr. Gegunde has extensive experience in production operations, asset development, asset management, process, joint ventures, environmental and health & safety. He has recently retired as Senior Vice President of Exploitation, Production and Delivery at Penn West Petroleum. Mr. Gegunde holds a Bachelor of Science in Chemical Engineering from the University of Calgary and a diploma in Mechanical Engineering from the Southern Alberta Institute of Technology. Mr. Gegunde is a professional engineer and a member of the Association of Professional Engineers & Geoscientists of Alberta and a member of the Association of Professional Engineers & Geoscientists of Saskatchewan. Mr. Gegunde’s appointment is subject to the approval of the TSX Venture Exchange.”

In congruence, Lionel Robins has stepped down from his role as COO and will take on his new role of Senior Vice President of Global Development/Indigenous Relations, including oversight of government relations. Raphael Bohlmann will also be moving to a new role of Senior Vice President of Corporate Development and Investor Relations. Mr. Bohlmann will continue to attend to the Company’s marketing and will also oversee capital markets and communications. Shawn Frenette will be stepping down from his role as Vice President of Global Development.

Don Allan, President and CEO of Cielo, stated, “As Cielo continues to grow we will continue to add qualified individuals to our senior management team. I am very pleased to welcome Mr. Gegunde to the Cielo team as COO and also for the additional duties Mr. Bohlmann and Mr. Robins will be taking on in their new roles.”


ESG Comments:
Great to see Cielo move forward with their plan, make some management position rotations and announce the new COO so the company becomes well positioned for their growth in the future.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

CHAR Technologies Announces California Green Hydrogen Project With Hitachi Zosen Inova

Company: Char Technologies Ltd
Listing: TSX Venture, US OTC
Tickers: $YES.V / $CTRNF
Market cap: 42.34 MCAD at time of publication
Share price: 0.60 CAD at time of publication
Website: https://www.chartechnologies.com/
Comparable peers:
Xebec, $XBC Market cap $642 MCAD
Greenlane renewables, $GRN, Mcap $210 MCAD

We are pleased to see Char Tech announce a test project with Hitachi Zosen Inova (HZI) to develop a high temperature pyrolysis to green hydrogen system at their existing San Luis Obispo (SLO) anaerobic digestion facility in California. Under the definitive agreement with HZI’s SLO operating company, CHAR’s high temperature pyrolysis system will process 18,000 tonnes per year of solid anaerobic digestate into 1,320 tonnes of green hydrogen per year, and 2,800 tonnes per year of biocarbon. The project will be delivered under a BOOT (build-own-operate-transfer) model, where CHAR will be the initial project owner, with HZI managing system operations. While CHAR owns the assets, CHAR will receive revenues directly for the project outputs (green hydrogen and biocarbon). Upon executing the transfer, at their option, HZI’s subsidiary will purchase the project for a one-time payment. Ongoing project output revenues will be dispersed based on a predefined agreement.

ESG comment: We are very excited to see the first commercial breakthrough order of a Char Technologies pyrolysis system to an end client.
Char technologies are certainly delivering on their 100 million USD backlog!  Hitachi Zosen Inova is a global cleantech company operating in energy from waste (EfW) and renewable gas. The corporate group has a turnover of close to 4 billion USD annually.  We estimate that this test project deal will generate project revenues of 560 000 USD for the biocarbon and between 4-6.6 MUSD for the green hydrogen annually. All in all the project revenues for operating the plant for the operator would likely equal 4,56 -7,2 MUSD annually. We estimate that the final sales value of this test project once it’s transferred from Char Technologies to Hitachi Zosen Inova will be approximately 5 million USD . We think that this lower sales price will likely be applied since this is a first test project and if successful Hitachi Zosen Inova most likely would want to implement this technology at their 100 plants globally . Instead of putting their waste material into landfills  Hitachi Zosen Inova can actually use it to create substantial revenues with this pyrolysis  system from Char technologies.  The financials of the system are so economically appealing that we think Char Technologies will have little trouble executing on their backlog and also continue growing their sales pipeline.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Solarvest and Canada’s Smartest Kitchen to Develop Plant Based Seafood Product

Company: Solarvest Bioenergy Inc.
Listing : TSX Venture,Frankfurt
Ticker: SVS.V , 0ZJ:FRA
Market cap at time of publication: $18.26 MCAD
Stock price at time of publication: $0.33 CAD
Business: Patented plant based pharmaceuticals from algaes and Clean Energy Hydrogen production
Comparable peers: Else Nutrition market cap : 306 MCAD
Website:http://www.solarvest.ca/ and for the omega 3 products: https://eversea.ca/

We are pleased to see Solarvest announce that its subsidiary, Eversea Inc., has entered into a contractual agreement with Canada’s Smartest Kitchen to develop a formulation for a nutritional-enhancing ingredient based on Eversea’s patented organic DHA powder. This mixture can be used by companies who are producing plant-based seafoods which require Omega-3s to compete in the fish and shellfish marketplace. Canada’s Smartest Kitchen’s expertise in food science, ingredients and flavours makes it the perfect partner to help develop this new product(s).

Gerri Greenham (CEO) comments: This is an exciting opportunity for the company, to use its
unique and patented organic Omega-3 ingredient for the plant-based fish and meat industry, as
consumers of plant-based seafood are looking for a healthy, environmentally-friendly product.
Eversea has developed a fish-free, algae-based organic Omega-3 that has been certified organic
by the EU and USDA. The product does not contain any chemicals, and it has received
Glyphosate Residue Free certification from The Detox Project.

ESG comments:
We are pleased to see Solarvest Bioenergy is continuing to deliver on their growth plans. The company’s organic Omega 3 products is the world’s first and only organic Omega 3. You can find our initial analysis of the company here – https://esgfireat40.com/2021/04/05/a-hidden-gem-in-the-clean-energy-booming-plant-based-sector/

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Vicinity Motor Corp. Receives $1.0 M First Order for VMC 1200 Class 3 Fully Electric Truck

Company: Vicinity Motor Corp (formerly Grande West Transportation)

Listings :TSXV, Nasdaq

Ticker: VMC.V (previously BUS,) VEV

Market cap at time of publication: $251.11 MCAD

Stock price at time of publication: $8.15 CAD ( reverse split price 2.77 CAD)

Business: Leading supplier of electric, CNG, gas and clean-diesel buses for

both public and commercial enterprise use in the U.S and Canada

Comparable peer : Greenpower Motor , Market cap $486 MCAD

Website: https://vicinitymotorcorp.com/

Vicinity Motors today announced that it has received an initial order from a private operator in British Columbia for 10 VMC 1200 Class 3 Trucks valued at over $1.0 million.

“We are thrilled to receive our first order for our recently announced all-new Vicinity 1200 Fully Electric Class 3 Truck designed for urban environments and construction or delivery applications,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “As companies seek solutions to diversify their fleets and mitigate exposure to energy and carbon costs, we expect strong interest in the VMC 1200 and are pleased to have our first order so quickly.

We believe the market conditions are ideal for a medium-duty electric truck with a 6,000-pound load capacity, expected range up to 150 miles on a single charge, and a popular cab-over design – all at an attractive price. We expect to see additional orders as we continue to introduce the VMC 1200 across our dealer network to potential customers in a market that sees over 400,000 vehicles sold per year.” 

The order of 10 VMC 1200 Class 3 Trucks are scheduled for delivery in Q1 2022.

ESG comment : We are pleased and excited to see that our top pick in the electric vehicles sector vicinity motors already has received its initial order for their new Class 3 truck.

We believe this is a huge potential revenue stream not factored into the share price at all. We are looking forward to closely following the development of the sales for this vehicles class . We believe this is only the start of sales for vicinity Motors in the huge last mile delivery electric vehicles sector.

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

ABSOLICON STRIKES DEAL WITH CARLSBERG ONE OF THE BIGGEST BREWERIES IN THE WORLD

Company: Absolicon
Ticker: $ABSL
LIST: Spotlight Sweden
MCAP: $45 MUSD at time of publication
Share price: 159 SEK = 18,45 USD at time of publication
Industry: solar thermal heating/ district heating
Market size: $223 billion$ by 2026

One of our largest holdings previously covered by us in a detailed analysis is Absolicon solar collector. The initial analysis can be found HERE.

Absolicon have for some time now reported that they are in serious client discussions with 10 of the worlds 20 largest breweries and today we received a much anticipated confirmation if their hard work as they today (12/7) announced a pilot solar collector field with Carlsberg group in Greece. Carlsberg is one of the largest breweries in the world with revenues over 10 billion USD per year. The press release can be found HERE.


Although the order value of the deal is valued at a meager 200 000€ the potential revenues cannot be stressed enough. The collector field, to be installed in early 2022, will be built with patented Absolicon T160 Solar collectors to run industrial brewing processes providing the energy needs related to the production through a heat purchase agreement.

This pilot installation goes well in hand with Carlsbergs own sustainability goals as we can see from the press release :
“n line with Carlsberg Group’s ambitious sustainability program “Together Towards ZERO”, the initiative arises from the commitment of the Group in helping mitigate the effects of climate change through the incorporation of renewable energies in its production processes.One of Carlsberg Group’s main sustainability targets is to achieve zero carbon emissions during the production process by 2030. The Group envisions this initiative to be an example in the brewing industry towards the gradual exemption and reduction of dependence on fossil fuels.”

According to the press release ” During the one-year pilot, Absolicon and Carlsberg Group will work together to evaluate the potential of Absolicon´s patented solar thermal technology for the Group´s breweries around the world, with the final goal of replacing natural gas with renewable energy sources.”

Surinder Singh, Senior Director New Technologies, Carlsberg Group, said: “We’re excited by the potential of this technology to support the decarbonisation of our breweries globally by 2030, by harnessing the ultimate source of renewable heat energy – the sun. Collaborating across our business and with partners like Absolicon is vital to identifying and scaling the solutions to create renewable heat energy, and we’re pleased to be going together towards zero.”

Joakim Byström, CEO Absolicon, added: “Absolicon’s strategy to create a global market for industrial solar heating is to collaborate with multinational companies with high climate ambitions. We are impressed by Carlsberg Group’s climate work and look forward to this first joint project.”

Katerina Tsintsifa, ISC Lead of Olympic Brewery, in view of the project’s launch stated: “As a responsible organization, we are committed to zero carbon footprint in the years to come. Our partnership with Absolicon is an important step in the right direction and we believe that it will work as a model for decarbonization of the brewery sector”.

ESG Comment: We are extremely pleased to see the hard work of our portfolio company Absolicon pay off. The potential revenues that may arise from this project if successfull are most likely very big since the heat consumption need from a brewery client like Carlsberg is big. Absolicon technology has, as we have previously stated, the potential to replace 50 % of the worlds heat consumption in the parts of the world where their technology can gain as much sunlight as needed. To get Carlsberg as one of the biggest breweries in the world on your client list is NOT a small matter. This really shows that Absolicon is not only talking about making deals with the largest breweries in the world but infact they are delivering on their goals. We look forward to seeing many more deals like this !

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.