Solar fuel maker Synhelion buys CSP expert Heliokon

• Swiss solar fuel producer Synhelion SA has actually gotten German concentrated solar power (CSP) technology firm Heliokon GmbH to increase right into the neighbouring country and include complementary technologies to its portfolio.

Bergisch Gladbach-based Heliokon, created as a spin-off of the German Aerospace Centre, uses extremely focusing solar technology to create and also generate solutions for solar thermal nuclear power plant. Its technology is applied likewise in the areas of solar procedure warmth, thermal energy storage, building management and water system.

The technologies of both firms are complementary as Heliokon concentrates on the advancement of highly focusing mirror systems while Synhelion utilizes energy originated from highly concentrated sunlight to transform co2 into fuel and thus create lasting fuels such as gasoline, diesel, and also kerosene.

The procurement will strengthen Synhelion's experience in the location of focusing mirrors called heliostats as well as bring about the quicker scaling of its technology.

Lugano-based Synhelion was founded as a spin-off from the Swiss Federal Institute of Technology in 2016. Up until now, the business has actually raised CHF 16 million (USD 17.2 m/EUR 14.8 m) in a Series A financing round and also intends to generate 700,000 tonnes of fuel every year by 2030.