Climeon has secured an order from Iwana Power GK of Heat Power modules worth SEK40m ($4.47m).
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 this year.
The order is placed by the Heat Power Operator Iwana Power GK, part owned by Baseload Power Japan and local entrepreneurs.
Climeon CEO Thomas Öström said: “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.”
Iwana Power Gunnar Svensson said: “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.”
Total order value amounts to SEK40m, excluding software and service costs. Delivery is planned to late 2019. The Heat Power modules will be deployed as a geothermal power plant in the Gifu Prefecture in central Japan.
Baseload Power Japan is a subsidiary to Baseload Capital Sweden. Climeon owns a minority share, 19.9% of Baseload Capital Sweden.
Source: Company Press Release