Update on Project with KEBE S.A. in Greece

Due to engineering adjustments, the signing of the contract between Industrial Solar and KEBE S.A. for a solar process heat system will be postponed to Q2 2023.

As stated on 11 October 2022, Industrial Solar signed a letter of commitment for a 6.4 MWth solar thermal process heating system with KEBE S.A. in Greece. Due to adjustments of the integration concept of the system into the existing factory, the process is delayed from Q1 2023 to Q2 2023.