Nov 18, 2022

HELIOVIS AG (“HELIOVIS”). The company developed, produces, markets a low-cost, next generation solar thermal technology to provide zero emission heat (90° to 400°C) for up to 24/7 at stable and highly competitive prices to decarbonize industrial processes. The core of the technology is an inflatable tube-shaped solar collector (“HELIOtube”), made of industry proven polymer films for the generation of clean industrial heat. It provides significant cost advantages in manufacturing, shipping, installation, and maintenance compared to established solar thermal solutions. World’s largest, next generation solar collector built and operated by HELIOVIS (Spain) First Imagine! CEO and Managing Partner, Alexander Starchenko, commented: related CO 2  emissions in 2021, remains heavily fossil fuel dependent, with renewable sources meeting less than a quarter of global heat demand. Cheap and storable thermal energy from the sun is amongst the fastest and most cost-effective means to reduce global CO 2 emissions. Deploying more renewables is acknowledged as a solution by everyone, from the public and private sector to civil society, and still, the process has not been fast enough. We are thrilled to partner with and support a leader like HELIOVIS as it has developed a technology which addresses this largely overlooked decarbonization challenge”. HELIOVIS CEO, Felix Tiefenbacher, commented: “We are very grateful to First Imagine! for their trust and thrilled to welcome such an experienced investor on board. With their profound understanding of the renewable energy sector and strong network to large industrial players, First Imagine! are well placed to support HELIOVIS beyond the capital contribution. The timing of the investment is ideal, allowing expansion of operations in support of existing projects, while we jointly prepare for a large growth funding round to deliver on pipeline projects for global customers from the Food & Beverages, Desalination, Mining and Oil & Gas Industries.” well as entry into new markets. With the first full-scale industrial application successfully commissioned and tested, HELIOVIS’ solar solution is ready for international roll-out with a strategy and project pipeline developed, the supplier network ensured, and a C-level network to the leading players established.