Swiss Synhelion acquires German Heliokon
Post date: 29/09/2021 - 09:19
Swiss Synhelion SA is acquiring German Heliokon GmbH. Synhelion produces synthetic fuels that are compatible with conventional internal combustion engines and aircraft engines as gasoline, diesel and kerosene. The energy needed to produce them is derived from highly concentrated sunlight. Heliokon is a spin-off of the German Aerospace Center (DLR) and was founded in 2016. Its work focuses on highly concentrating mirror systems that enable high process temperatures, for example by means of tower power plants. The towers are surrounded by heliostats, which reflect sunlight onto a focal point on the top of the tower. A receiver converts the focused solar radiation into heat, which can be used to generate electricity.
According to the company, Synhelion's main focus, »is on the receiver of the concentrated sunlight, the solar reactor, and a heat storage system for continuous production of solar fuels.« Both companies have »complementary technologies that ideally complement each other.«
The acquisition will allow Synhelion to expand into Germany and »further accelerate growth.« The added competencies will enable faster scaling of the technology, »paving the way for a zero-emissions transportation sector in which fossil fuels are replaced by CO2-neutral fuels.« The company was founded in 2016 as a spin-off from the Swiss Federal Institute of Technology Zurich.