Clean Industry Solutions

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Significant events during the reporting period

• Industrial Solar Awarded 196k€ for R&D Project SUSHEAT
• Industrial Solar Wins GIZ Tender for Renewable Process Heat
• Bulletin from Clean Industry Solutions Holding Europe AB Annual General Meeting 2023
• Renewed Update on Project with KEBE S.A. in Greece
• Industrial Solar to install Photovoltaic System for Wössner GmbH
• Clean Industry Solutions Holding Europe AB (publ) takes up a loan facility of SEK 3 million

Significant events after the reporting period

• Industrial Solar Signs Contract to Build Fresnel Collector for Unilever
• Industrial Solar to Design Solar Thermal System for Hilton Hotel
• Bulletin from Clean Industry Solutions Holding Europe AB Extraordinary General Meeting 2023

Comments from the CEO Christian Zahler

In April this year, the last three nuclear power plants were shut down in Germany, where our two subsidiaries are located. This marks Germany's nuclear phase-out and an important step towards alternative, renewable energy resources. 

Internally, there were also some changes that made the second quarter interesting and varied for both the holding company and the subsidiaries:

At our Annual General Meeting on 13 June, Rebecca Schwantes was elected a new Board Member. Rebecca, also the future Managing Director of SolarSpring GmbH, takes Daniel Pfeifle's seat. We welcome Rebecca to the Board and look forward to her input and longtime expertise in the sustainable water treatment sector. 

Our subsidiary Industrial Solar was not only awarded a grant agreement for a further Horizon Europe R&D project highlighting the development and pilot demonstration of heat upgrade technologies but the company's photovoltaic business has also been picking up. Additionally, Industrial Solar launched a partner website to foster and enhance communication and the ever more important cooperation with its partners worldwide for large-scale integrated solar solutions.  

Resource and energy recovery from waste and emission reduction are the main goals of the RoKKa Project in which SolarSpring has been involved intensively during the second quarter of 2023. With final testing, system construction, and the installation at the municipal wastewater treatment plant in Erbach on 30 June 2023, the project will now enter its next phase, an extensive testing period focused on ammonia recovery from wastewater and conversion to fertilizer with SolarSpring membrane modules.

Financially, with an increase of +110% compared to the second quarter of last year, the Group has achieved the best second quarter in the company's history to date. On a year-to-date basis, the growth of total operating income compared to last year is +87%. These positive developments reassure us that the work and passion that we invest in our technologies and solutions are worthwhile.