Climeon has signed a EUR 1.1 million contract with UAB Termolink in Lithuania for the sale of Climeon's HeatPower 300 waste heat recovery system, which will provide on-site clean electricity at NEO GROUP's PET resins production facility. The order consists of two HeatPower 300 modules, Climeon's latest HeatPower technology, and will be delivered and installed in the first half of 2024. Recovering on-site waste heat for power production will increase energy efficiency at NEO GROUP's plant in Klaipeda.

Termolink, will be responsible for installing the HeatPower 300 modules at NEO GROUP's plant, with Climeon's team commissioning the waste heat recovery units. Climeon's HeatPower 300 technology converts waste heat into clean, carbon-free electricity. By increasing on-site energy efficiency, HeatPower 300 empowers industrial companies to reduce emissions and transition to a more sustainable future.