Tag: absolicon

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

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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.

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YOU ASKED FOR IT ! PORTFOLIO UPDATE AS OF JUNE 2021

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It’s been a while since we last gave an update on our ESG portfolio. Since our last update we have been active in our reallocation of funds. New additions have been made and old positions have left our portfolio. Moving forward we will aim to update our readers on our portfolio atleast once a month, more often than so if changes are made to the portfolio. We have decided to concentrate our portfolio as it was too diversified previously.

Below you will find a list of our updated portfolio . New additions will have the (NEW!) symbol next to it and will be marked in bold style. To simplify for our readers we have also made a short list of all the positions we’ve sold with a short explanation.

Current holdings:

Cielo Waste Solutions – Ticker: CMC / CWSFF
Environmental Waste International – Ticker: YEWTF / EWS
Clear Blue Technologies – Ticker_ CBLU / CBUTF
Vicinity Motors corp – Ticker: VMC, BUSXF
Nuvve Holding Corp – Ticker:_ NVVE
Landi Renzo – Ticker : LR
Lion E-Mobility – Ticker – LMIG

New positions:

Newlox Gold – (NEW!)
Ticker : LUX
Listings: CSE Canada

Newlox Gold has implemented a unique, environmentally friendly and socially responsible process to profitably produce gold. There will be a comprehensive analysis on this company within the next month. Newlox Gold has identified a lucrative yet neglected niche within the precious metals industry and has commissioned it’s first high-grade, low-cost gold producing plant in Latin America. Newlox focuses on the re-processing and remediation of artisanal tailings and toll milling of artisanally mined ore; a strategy which results in very high margin operations while delivering environmental and social benefits to local stakeholders. We will be doing a bigger analysis on this company in the coming months.

Char Technologies – (NEW!)
Tickers: YES , CTRNF
Listings: TSX venture and US OTC

Char Technologies is the leading cleantech and environmental services company when it comes to converting woody materials and organic waste into renewable gases (RNG), hydrogen and biocarbon.  Char technologies is converting challenging organic streams into greenhouse gas neutral biocoal, second generation Renewable Natural Gas”(RNG)” and hydrogen. You can find our extensive analysis of the company here .



Desert Control – Ticker DSRT ( NEW!)
Ticker: DSRT
Listings: Merkur Market Norway

Desert Control offers the solution that can revolutionise the war against desertification which is one of humanity’s greatest challenges since every year millions of people become climate refugees due to infertile lands. The patented product Liquid Nano Clay (LNC) from Desert Control can turn desert sand into fertile soil in less than 7 hours. A process which previously has taken between 7 and 12 years. This is a true game-changer. Desert Controls product offers a strong value proposition for customers with short payback times. Their LNC product reduces water consumption up to 50% and increases crop yields up to 62%. Payback times for customers on water consumption alone is expected between 1-2 years. Changing desert to the green land also reduces CO2 emissions by between 15 – 25 tons/hectare annually. We will be doing an extensive analysis on this company in the coming months.



Absolicon – (NEW!)
Ticker : ABSL
Listings: Spotlight Stock market Sweden


Absolicon is our only exposure to the solar and thermal heating industry. We’ve previously written an extensive analysis on the company which you can find here . The company has recently raised 6 million USD in funds for its rapid international expansion. Since our analysis the company has signed an additional two framework agreements and also started a massive collaboration with the billion dollar company ABB for international sales and support. The company also has ongoing customer discussions with 10 of the world’s 20 largest beverage producers. We believe its only a matter of time before the “ketchup effect” is visible in Absolicon’s sales pipeline.




Earthrenew – (NEW!)
Ticker: ERTH / VVIVF
Listings: CSE Canada and US OTC


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.




Solarvest Bioenergy – (NEW!)
Ticker: SVS
Listings: TSX venture


Solarvest Bioenergy is a new and extremely exciting nanocap position in the ESGFIREAT40 portfolio. The company has recently launched the world’s first organic made omega 3 from algae which is both patented and vegan friendly. If anyone has watched the stock price of the plant based baby foods company Else Nutrition which so far has soared a wooping 1000 % you are surely aware of the massive interest and demand for sustainable plant based products. You can find our initial analysis of Solarvest Bioenergy here.



Sold positions:

Stockwik
ESG Comment:
We took profits on this company since it’s been in our holdings since early 2018. After 800 % returns we decided the time had come to realize our profits.

Enzymatica
ESG comment:
We left this position since we feel the company needs time to grow into its evaluation after the latest disapointing financial reports.


Thermal Energy international
ESG comment:
Temporary exit since we’ve found other better risk/reward positions at the moment.

Blue Bird Corp
ESG comment:
Exit due to better risk/reward in the EV sector with Vicinity Motors Corp.

Fusion Fuel and Hydrogenpro
ESG comment:
Temporary exit since there has been heavy selling pressure on the hydrogen sector. There is also a strong price pressure on hydrogen as a commodity therefore we are currently evaluating our exposure to the hydrogen market.



We hope you enjoyed our portfolio update and don’t forget to subscribe to always stay ahead of the herd as we always aim to give our subscribers a head start before we release our blog posts on our other social media channels!

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.







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Introduction to

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Company: Absolicon
Ticker: $ABSL
LIST: Spotlight Sweden
MCAP: $33 MUSD at time of publication
Share price: 136 SEK = 16 USD at time of publication
Industry: solar thermal heating/ district heating
Market size: $223 billion$ by 2026

Bullside Target: 400 SEK[1]

[1] https://www.aktiespararna.se/sites/default/files/absolicon_q4_2020.pdf

A crucial fact often neglected by investors and decision makers  globally is that 50 % of the worlds energy consumption consists of heat for buildings, homes and other facilities.[1]

Absolicon has invented a patented cost effective solution that uses sunpower to create heat and works like a giant magnifying glass . It has 76 % optical efficiency which currently is the highest in the world.

Absolicon’s business model has two main revenue streams:

1.Sell production lines to local distributors (each costs ~ $5 MUSD
2.Reoccurring additional revenues selling patented materials (between $2-5 MUSD annually per production line) and also royalty fees (4%) on products made by distributor.

The company has three main markets as focus:

1.Factories for heat consumption
2.Destillation of water
3. District heating


Why should one consider investing in Absolicon now?

-Absolicon has seen the flow of customer requests increase exponentially due to the green wave in USA and Europe .

-13 frame works agreements done today compared to 3 in March 2020 .
-Each of these agreements are worth potentially $10MUSD plus reoccurring revenues. [1]

-Absolicons concentrating solar collector will be able to compete with natural gas prices

-As stated in the introduction Heat is about half the world’s energy consumption. Electricity is only 20 % of the worlds power usage , heat And transport is 31 % .The industrial sector uses about 1/3 of the heat power consumption globally and this is what Absolicon helps with .


– Absolicon has multiple large corporations in ongoing customer discussions as indicated in the picture below:



These are Absolicons conservative Goals for 2022 :

-Turnover of $12 MUSD (equals 2 production lines)
-Positive cash flow from selling production lines
– Listing at the main Nasdaq market in Sweden




Patent protection:

The company has Patent on materials (glass reflector and pipes ) and on tools for mass production and Can therefore not be compared to regular solar panels
It also has:
-Reflector film with high reflection and low price
-Anti reflective glass with self cleaning surface
-Receiver that does not release heat

Patent situation
10 different Patents
Utility models
Design protection
Trademark protection

Absolicon has also recently initiated a cooperation with Swedish export credit  which allows Absolicon to sell their customers equipment and materials on credit They can also sell complete sun catcher fields on credit . This is exceptionally favourable since the Swedish government backs this financing.[2]

Background on District heating / solar heating

Europe today has 6000 heat grids that uses coal gas and oil. The European Union has promised to quit using fossil fuels and what is at hand is mostly solar heating.

Half of Swedens buildings are run on district heating which can be replaced by Absolicon . France has 50-70 % investment support for solar heating and Germany has 20 cities that already has installed sun driven heat . Absolicons system gives  50 % more heat than traditional solar thermal systems at higher temperatures.



Project with Municipalities

 Absolicon has made an application to the Swedish energy authorities (energi myndigheten ) and in December 2020 they started building Sweden’s largest heat field for sun catchers 3000 square meters with an annual production of 1000 MWH. Both the energy minister and director of the energy ministry of Sweden participated in the ritual. This field is close to the corporate head quarters of Absolicon and can easily be used for customer demonstrations. Half of Sweden’s homes are heated with  district heating. According to SNF, an environmental NGO, 20% of the heat can be replaced by solar thermal (8 TWh). Below you will find an image of the heat field project which broke ground in december 2020. This project could be the main catalyst to gain more customers within municipalities.

Conclusion

Absolicon’s latest financing was early 2020 with the goal to open new markets  and they’ve so far been able to finalize 12 new framework agreements in 9 months to customers who wants to mass produce their product . The company has ongoing discussions with major corporations globally and it looks like its only a matter of time before several of their framework agreements materialise into real orders. I believe the delay in the conversion of these framework deals can partly be accredited to COVID-19 delays. Local distributors will likely want to build up their own order book before placing their actual order on the Absolicon system.
Absolicon has a patented and unique solution which can be used for Distric heating, water distillation and Factories for heat consumption .
As far as I’ve been able to identify Absolicon appears to have the best in class product on the market with the absolute highest optical efficiency at 76 %. The potential order value of the current frame work agreements signed with distributors amount to one time revenues of $65MUSD and annual reoccurring revenues between $39-$65MUSD. I also believe Absolicon also has a massive potential to sell their system directly to municipalities who want to use their system for district heating, they also have ongoing direct discussions with major corporations globally. With the green wave in Europe and USA it appears the future for Absolicon is very bright!


I own shares personally in this company .

This is not to be considered financial advice, always do your own research!

Don’t forget to sign up with your e-mail adress by clicking follow on this website to receive updates directly into your inbox.

[1] Calculated as $5 MUSD one time fee and $5 MUSD reoccurring revenues.

[2] https://www.svenskverkstad.se/solenergiforetaget-absolicon-visar-goda-resultat


[1] https://www.iea.org/reports/renewables-2019/heat and https://vimeo.com/392939877




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Portfolio introduction 21-02-23

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Hard lessons in the past have thaught me to diversy my risks. In my portfolio summary below you will perhaps be surprised by the big size of my biggest position however don’t let this fool you because when the position was initiated it constitued less than 10 % of the portfolio. Below you will find a summary of all my current positions . You will have to excuse the poor resolution in the image below , I blame excel for this inconvenience 😉 . I will go through the companies of my biggest sector holdings today. In the coming posts I will go through the remaining sector holdings in further detail.

Holdings per sector :

Writing this entry I realize that my portfolio is leaning heavily towards the recycling and renewable energy industry, however there is a good reason for this. This specific sector in my portfolio constist companies that solve REAL issues with pollution, landfill waste and the worlds need of clean energy. Reducing carbon emissions through green and clean energy is a global goal which is hardly debated anywhere in the world.


Recycling and Renewable Energy Sector holdings

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/


Cielo’s plan is to construct 40 refineries within 7 years for renewable diesel using alternate waste feedstock. The techonology is proprietary , patented and has been developed for 16 years. Cielo can also produce naphta (jet fuel) and renewable diesel for the marine sector. Renewable diesel has shown to be 90 % lower in carbon emissions than regular diesel at least according to Cielo’s competitor Neste : https://www.greencarreports.com/news/1103998_renewable-diesel-90-percent-lower-carbon-emissions-than-regular-diesel-neste-claims
My opinion is that compared to Cielo’s north american competitor GEVO ,which uses farmland to grow fuel crops, Cielo’s solution has a far better impact on the environment using waste to create renewable energy and getting rid of harmful landfills and dumps.

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Environmental Waste International
Ticker: YEWTF / EWS
Listing: TSX Venture
Website: https://www.ewi.ca/


EWI uses a patented technology called reverse polymerization to convert used tires into precious commodities such as Carbon, oil and metal. Reverse Polymerization technology is far superior to regular polymerizaton in which there are plenty of competitors. EWI’s recycling system reduces greenhouse gas emissions by nearly 90%. Every day 4,1 million tires are scrapped and mostly put into landfills that constitute a massive negative impact on the environment. EWI has recently signed a deal with the danish environmental investment company Windspace that gives them exlusive rights to construct tire recycling facilities in Europe. This deal alone is estimated to be worth well over 100 million dollars in revenues in the coming years for EWI.


EWI technology can also be used for:

  • Liquid Biological Waste
  • Medical Waste
  • Food Sterilization System


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Char Technologies Ltd
Ticker: YES.V
Listing: TSX Venture
Website: https://www.chartechnologies.com/


Char has a patented and unique product that can now replace regular coal in coal power plants with Biocoal and also produce RNG which has a tremendously positive impact for the environment. The company says ” Char is Converting challenging organic streams into a greenhouse gas neutral biocoal and second generation Renewable Natural Gas (RNG)”. CHAR’s pyrolysis technology is recognized as a future solution by NYC DEP to process biosolids into value-add products. Char also has a solution to contamination of PFAS in landfills and water reserves.

Xebec & Greenlane renewables both participate in first-
generation anaerobic digestion (biogas) technology

• Pyrolysis is a second-generation technology
• Recent study shows 82% of RNG in Québec will need
to come from Second Generation RNG (Énergir)
• Char’s pyrolysis technology can convert woody material into RNG
• Pyrolys is also an identified pathway to generate green
hydrogen



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HydrogenPro
Ticker: HYPRO
Listing: Norwegian Merkur Market
Website: https://hydrogen-pro.com/

Hydrogenpro has a proprietary technology to produce cost competitive green Hydrogen using alkaline. Hydrogenpro announced on 2021-02-22 that they will be able to produce Green Hydrogen at a cost below 1.2 USD per kilogram already in 2022. This is an extreme breakthrough if the company can deliver on these promises especially since one of their competitors NEL has a target of 1.5 USD per kilograms for Green Hydrogen in 2023. HydrogenPro technology, if it delivers as promised, will be ready to compete in terms of price with gray hydrogen already next year in 2022.


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Fusion Fuel Green PLC
Ticker: HTOO
Listing: Nasdaq USA
Website: https://www.fusion-fuel.eu/

Fusion fuel has a proprietary patented technology to create Green Hydrogen using sun and water. Using years of experience in concentrated solar energy and renewables, the Fusion Fuel team has developed a ground breaking method to create Green Hydrogen at a cost far below any commercially available methods in the market today and can openly compete against traditional methods that produce brown and blue Hydrogen. Fusion Fuel has developed its own proprietary electrolysis solution using solar energy to create Hydrogen with zero carbon emissions. In fact, Fusion Fuel’s technology only creates Oxygen as a by-product .






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An introduction to my blog

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My posts are about ESG investing and how you can use this powerfull megatrend to your advantage and being able to achieve FIRE: Financially independent and Retire Early!

Even if your goal is not to become financially independent my hope is that you will come to learn what a powerfull financial opportunity it is to invest in the megatrend that I like to call the ESG boom.

What criterias do I look at when I decide to invest in a company?

-Environmentally friendly business idea
-Either in revenues or at inflection point where revenues are about to begin
-Solid management
-Sustainable production methods
-Investor friendly management team
-Unique product offering or service
-Reoccuring revenues

These criterias have helped me achieve :
+75 % in 2019
+135 % in 2020
+45 % YTD in 2021

My total returns since october 2018 is currently at 620 %.

FIRE path
My current savings rate is about 45 % of my net income. Despite this high savings rate I would not consider myself to be living a frugal lifestyle. Although I don’t currently have any kids I do have a spouse and several pets ;).

My goal is to reach my financial target at latest in 2028. At the way things are currently progressing however , not taking into account a major market crash, this should be achieved alot sooner than anticipated thanks to my ESG investment strategy.

Content for future blog posts
I will be writing both detailed analysis of companies that I currently own, plan on owning and others that I simply find interesting even if I don’t own or intend to own shares in the companies myself. I will also be giving you transcripts of CEO interviews with my own positions, IPO companies and more.

Transparency
Although nothing I write should be viewed as investment advice I think it is very important to be transparent in my trades and positions. Therefore I always write when I buy and sell positions. This will most likely always appear first on my twitter handle Frivid40 and of course also here on my blog.

If you have any questions I will be happy to try to answer them either by e-mail or via my twitter handle!