Company: Absolicon
Ticker: $ABSL
LIST: Spotlight Sweden
MCAP: 321 MSEK =29 MUSD at time of publication
Share price: 98,2 SEK = 8,78  USD at time of publication
Industry: solar thermal heating/ district heating
Market size: $223 billion$ by 2026
Peer: Heliogen Market cap 456 MUSD

ESGFIRE comment:
ESGFIRE is very pleased to see that Absolicon today has announced the receiving of 1 million SEK ( $90 000 USD ) in down paymeny for a production line to France as part of their framework agreement with Planet Soar. Keep in mind that just one production line means 6 MUSD in one time revenues and recurring revenues of around 4-5 MUSD per year for Absolicon. Planet Soar is the SECOND customer in 2022 that pays a down payment for a production line. The other partner which has made a down payment for a production line in 2022 is Phoenix Solar Thermal in Canada. We think the commercial breakthrough for Absolicon is imminent and that we expect to see a serious “ketchup bottle” effect within the next 6 months with real orders on production lines to follow. A reminder to also bear in mind is that Absolicon has close to 20 framework agreements signed so far and the company sees the potential for hundreds of production lines globally. 

 

Full press release of the announcement can be found on the link below:

https://news.cision.com/absolicon/r/planet-soar-in-france-pays-sek-1-million-as-part-of-the-framework-agreement-for-the-acquisition-of-a,c3640400?utm_source=dlvr.it&utm_medium=twitter

 

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