Venture Kick supports Solaxer with CHF 150,000
Venture Kick supports the start-up Solaxer with CHF 150,000 for the efficient use of solar heat. Solaxer wants to use it to accelerate the development of its new solar receiver and complete the first pilot systems.
According to a press release , the start-up Solaxer based in Écublens has developed a new generation of receivers for the efficient use of solar heat. The Schlieren-based start-up promoter Venture Kick is supporting Solaxer with CHF 150,000 to accelerate the upscaling and complete the first pilot systems with Solaxer receivers.
According to the announcement, Solaxer receivers are equipped with an innovative selective absorber coating that has better durability and optical performance compared to existing absorbers. In industry worldwide, more energy is used for process heat than for electricity. Today, industrial heating requirements are almost entirely covered by fossil fuels and are responsible for 20 percent of global CO2 emissions per year, it is said.
Solaxer aims to accelerate the use of solar process heat by developing a new generation of receivers for the efficient use of solar heat. Such concentrating collectors deliver solar steam and process heat with high efficiencies and are among the most cost-effective and mature technologies for decarbonizing industrial processes. Annual growth rates of 90 percent are forecast for this special sector. The worldwide addressable receiver market amounts to 4 billion dollars. Based on the declarations of intent alone, Solaxer can supply receivers for more than 800,000 square meters of installed collector area over the next five years.
The Venture Kick program helped Solaxer "develop from an idea to a company," Anna Krammer, co-founder of Solaxer, is quoted as saying.