Hyderabad-based Photon Energy Systems Limited plans to further expand its solar thermal division. | |
| The company, which is into manufacturing of solar photovoltaic products and solar thermal products, expects the earnings through its solar thermal division to touch Rs 6 crore as against Rs 3 crore achieved in the last fiscal. Photon Energy achieved a total turnover of Rs 18 crore last year and is targeting Rs 35 crore this financial year. |
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| Addressing the media on the solar thermal technology acquired by Photon, Sharad Saxena, director and CEO, Photon Energy Systems Limited, said, "We entered into a joint venture with a Chinese company, Haiyan Solarbridge Company Ltd, last year for import of evacuated glass tubes and have so far successfully test marketed evacuated glass tubes solar geyser." |
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| The solar geyser based on the evacuated glass tube technology has been approved by the Union ministry of non-conventional energy sources and sold to organisations such as the Indian Space Research Organisation (Isro) and Divi's Laboratories, he said. |
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| In a bid to expand its thermal division, Photon is now targeting process industries, hotels, resorts, hospitals, hostels and restaurants. |
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| The evacuated glass tube technology offers a wide range of advantages over the copper fin flat plate technology in that it can handle hard water with ease and does not require frequent internal cleaning. |
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