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Climeon wins SEK 40 million heat to power order in Japan

Sweden-headed heat to power technology developer Climeon AB has announced that it has received an order from Iwana Power GK for Heat Power modules worth SEK 40 million (≈ EUR 3.9 million). The Heat Power modules will be deployed as a geothermal power plant in the Gifu Prefecture in central Japan and are to be delivered in 2019.

Traditional heritage classified Gasshō-zukuri buildings found in Gifu prefecture where snowfall is heavy.

Traditional heritage classified Gasshō-zukuri buildings found in Gifu prefecture where snowfall is heavy.

According to a statement, the order is placed by the Heat Power Operator Iwana Power GK, part-owned by Baseload Power Japan and local entrepreneurs. Baseload Power Japan is a subsidiary to Baseload Capital Sweden. Climeon owns a minority share, 19.9 percent, of Baseload Capital Sweden.

The high electricity prices and the country’s need for locally produced renewable energy makes Japan one of our most interesting markets ahead. The fact that we have now received another order within geothermal heat power in Japan gives us good conditions for growth in the country in 2019, said Thomas Öström, CEO of Climeon.

The Heat Power modules will be deployed as a geothermal power plant in the Gifu Prefecture in central Japan. The total order value amounts to SEK 40 million (≈ EUR 3.9 million), excluding software and service costs. Delivery is planned for late 2019.

Climeon’s system with standardized modules makes it possible for us to quickly set up our geothermal power plant together with Baseload Capital. We look forward to producing fossil-free energy locally through Climeon’s technology, commented Gunnar Svensson, Iwana Power GK.

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