HELIOVIS AG’s Post

Discontinuation of business of HELIOVIS AG   HELIOVIS AG, an Austrian solar tech company, announces the discontinuation of all business activities. The company has developed a highly innovative, pneumatic solar concentrator (HELIOtube®) for the provision of emission-free process heat for the decarbonization of industry throughout the global sunbelt.   Despite support from the EU and national funding bodies, consistently loyal investors, a large number of partners as well as reference projects in Spain and the Middle East, it was not possible to ensure the company’s further development. The main reasons include the consistent low level of industrial prices for fossil fuels in the target regions, the subsidized and therefore unrivalled production costs of photovoltaics from Asia, and the fact that effective CO² pricing exists only in Europe and only for a limited number of industries.   HELIOVIS wishes to express its gratitude to all shareholders, sponsors, employees and its global partners for their joint efforts in developing this solar-thermal solution. The energy transition remains a global challenge and must be driven forward – now, unfortunately, without HELIOVIS.   Wiener Neudorf, November 8, 2024 HELIOVIS AG

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