Developing high-efficiency green solar thermal solutions to global process industries
|Sectors||Energy Non-Digital B2B|
|Incorporation date||1 Jan 2014|
- Partnered with E.ON Energy for our first Solar Site
- Developed Patented Solar Lens Technology
- Two Solar Sites Currently Active
- Testing our new Rockstore Heat Solution
Heliac offers patented solar thermal technology and novel heat storage solutions to provide emission free heat production for global process industries.
Led by technical ex-founders, Heliac has built 2 solar fields for multinational energy company, E.ON and district heat provider, Norfors.
The aspiration to develop the technology to achieve low-cost solar power plants was born from the founders’ pioneering work with solar compression foil. Realizing the global need for simple and low-cost energy storage, our team of engineers expanded the company’s focus to include heat storage, which has led to the RockStore solution.
Today we are a fast-growing scale-up counting 35 ambitious employees, having raised €13.5m in 2021.
The Heliac group also comprises SiOx, a provider of anti-scale coating for heat exchangers as well as Forsyning Danmark, a provider of renewables-based district heating.
Substantial accomplishments to date
☀️ SOLAR PLANTS ☀️
Our first solar plant build at Lendermark (DK), with a capacity of 1,6MW, and was inaugurated in 2020 in partnership with our customer E.ON. Compromising 144 panels, the out temperature of the production is 95°C, in line with the customer requirement.
Our second solar plant in Horsholm (DK) supplies heat to Norfors, a utility company that provides district heating to five municipalities. This comprises of 144 panels like in Lendermark, but with substantial upgrades including improved lenses, isolation, tracking software etc. The plant went into production in October 2022.
🪨 ROCKSTORE 🪨
In 2022 the Rockstore concept went into development. The first test was conducted only a few months after development was initiated.
In 2023 further development was made in Rockstore to test the best method to store the rocks in the steel tanks.
in Q4 2023 we aim to identify external customer to initiate a large scale Rockstore with a storage capacity of 300 MWh.
💰 Market: We are targeting utilities, Engineering, Product and Construction Solar Companies (EPCs), and Energy Solar Companies (ESCOs). Forsyning Danmark for local expansion.
☀️ Solar Fields: We will sell turnkey projects to utilities/EPCs. We will also offer Heat Purchase Agreements (HPAs) directly to end-users. We also aim to collaborate on large HPAs.
🪨 RockStore: Store electricity as heat or electricity, adapting to market needs. Our goal is to build a full scale Rockstore with 300 MWh capacity.
🏅 Competitive Edge: We have our proprietary, patented technology for both our transparent lenses and thermal storage solutions.
👷 Strategic Objectives (2023): Data from new solar fields, Solar Keymark certification, partnerships, fundraise, cost reduction, revenue growth.
🌍 Marketing: Focused on Spain and Poland, engage online, nurture leads.
🔨 Operations: Prepare for automation, cost reduction, and local lens production.
Use of proceeds
Heliac's proceeds allocation for the next 2 years includes:
- Hiring staff, especially engineers in Poland: 30%
- Marketing efforts for Southern Europe market entry: 10%
- Development and construction of a full-scale 300 MWh Rockstore for production by 2025: 55%
- Attaining Solar Key Mark certification by 2024: 5%
Heliac secured an EU energy financial instrument of €2,014,394.00 from InnoEnergy in 2019 in order to support them with the scaling of their initial Solar site and initial runway.
This loan has 1.5% annual interest, and 1.5% of annual revenue goes towards repayment of this loan.
Heliac is originally spun out from Inmold, who are now shareholders with the same rights as all other investors, including Seedrs. Heliac has sole ownership of its IP.
Heliac also has three subsidiaries which are wholly owned by Heliac A/S.
1. SiOx, a provider of anti-scale coating for heat exchangers as well
2. Forsyning Danmark, a provider of renewables-based district heating.
3. Heliac Varme ApS, which has been created to handle the HPAs (Heat Purchase agreement) Heliac aims to sell in the future. Currently there are no employees, and no activity in the company.
Direct investments in the round from investors outside of Seedrs have been paid in Danish Krone (DKK). This is a total amount of 16,575,350 DKK, which has been reflected in the campaign at an agreed Exchange Rate (set on 16/10/23) of 1 DKK:0.1341 EUR.
The share price paid by direct investors was 275 DKK, which as been converted into Euro and rounded to 2d.p, at €36.88.
Investments on Seedrs are made in EUR.
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