Valoe Oyj and Saudi Arabian Icon Advanced Co Ltd signed an agreement to establish a joint venture in Damman, Saudi Arabia. The company plans to order a solar panel factory from Valo. Minister of Economic Affairs Mika Lintilä was also present at the signing ceremony at the Dubai Expo2020 pavilion in Finland.
The vehicle weight and the self-generated solar power are the cornerstones of the Swedish Clean Motion AB as it solves the future of mobility. The company´s stock price rocketed up after the announcement of a partnership with Valoe in September.
The solar electricity is the best solution to the growing energy needs of the earth. Our business models are based on generating solar electricity where it is utilized, whether it is a geographical area or an electric appliance. Photovoltaics is most environmentally friendly when it is produced in a distributed manner close to the user, with high-quality and long-lasting PV modules and systems.
We actively promote new photovoltaic technology. Our conventional solar modules are efficient and long-lasting. The Odd Form solar modules, made with our latest technology, bends, flexes and shapes according to the user´s needs. Photovoltaics transport, cool, heat and provide energy in many different ways in the electricity grid or without the grid. Research and development will revolutionize the concept of PV modules.
Valoe develops and manufactures PV modules based on back contact technology that differs from traditional module manufacturing. Back contact module does not have any metallic strings, soldered electrical conductors on their surface. The new generation of back contact modules are efficient, consistent and long lasting.
The goal of Valoe's product development is that the electricity produced by the PV modules is the greenest and cheapest on the market. The selection of all system materials aims to extend the economic life of modules up to 100 years.
All Valoe´s PV modules are manufactured in Finland and they have been awarded The Key Flag Symbol.
Valoe´s new Odd-Form modules can be integrated into devices or vehicles, opening up completely new applications for photovoltaics. Odd-Form can mean variable module sizes, shapes, structure or materials. Odd-Form module may bend and be flexible.
The Odd-Form can be, for example, glass-glass, glass-composite or composite polymer structure. Odd Form modules are customized to suit each environment or application.
In order to work optimally, the back contact technology requires IBC ( Interdigitated Back Contact) solar cells. Valoe has invested remarkable in the IBC cell product development and new cell production lines. The non-wearing IBC cell will be the most efficient and long-lasting electricity generator on the market. Valoe will use new cells in its IBC modules and offer IBC cells for its customers.
The conductive back sheet is also a tailor-made special component, which Valoe offers to its partners.
With photovoltaic systems Valoe is striving to efficiency, durability and long service life. The quality of the cells, the efficient back contact module and the strong glass-glass structure guarantee the best yield and the longest service life.
Efficient modules generate the required amount of electricity with a smaller number of modules which reduce the power plant's investment cost.
Long service life, on the other hand, means a higher total amount of electricity produced and a cheaper price for the electricity produced.
Valoe has developed photovoltaic production technology with its own innovations. If required, Valoe is able to be responsible for the entire production chain technology from wafer manufacturing to photovoltaic systems. This entity management allows design freedom for integrated products. Valoe is thus able to optimize total systems to the customer's needs, which enables the development of new applications and products as well as better electricity generation.
Valoe's strategic goal is to enter into partnership agreements or technology licenses in which the buyer commits to Valoe's production technology, for example. Valoe supplies the partner with a panel factory on a turnkey basis and guarantees the availability of production components. This allows the partner to start production quickly, either for its own needs or for electricity generation in the surrounding areas.