Clean Industry Solutions' wholly owned subsidiary Industrial Solar signed a letter of commitment with KEBE S.A. This agreement is a decisive step towards the final comprehensive contract comprising the supply of a solar process heat system at KEBE's factory in Kilkis, Greece, with an order value of approx. EUR 5 million, as well as the market development and realization of specific projects with Industrial Solar's Fresnel technology. As communicated in February this year, Industrial Solar GmbH has carried out a detailed design for their flagship technology, the linear concentrating Fresnel Collector, for the Greek company KEBE.

The process heat generated by the Fresnel system will be used directly in KEBE's production process. Following the successful completion of the technical design, the two parties have committed to enter into a cooperation agreement. The agreement between Industrial Solar and KEBE will include both the installation of a 6.4 MWth solar thermal process heating system at KEBE's plant in Kilkis, Greece, and the commitment to develop a market and implement specific projects using Industrial Solar's Fresnel process heating technology.

The parties plan to sign the final contract in Q1/2023. The planned solar process heating system at KEBE's premises in Kilkis, with an order value of approx. EUR 5 million has an annual energy production of approx.

7,200 MWh. This will result in a CO2 reduction of approx. 1,800 tons per year, and the installation is planned for 2023/2024.