Climeon AB engages in the development of low-temperature heat recovery technologies. The company is headquartered in Kista, Stockholm and currently employs 35 full-time employees. The company went IPO on 2017-10-13. The company offers Climeon Heat Power system, which utilizes the energy in waste heat and low-temperature geothermal heat to generate electricity. The heat, from geothermal sources, industrial waste heat or power production, is processed within Climeon unit. Inside the Climeon unit a heat exchanger transfers the heat to internal fluid, which vaporizes due to its lower boiling point. The vapors are then expanded over a turbine to run a generator and produce electricity. The working fluid at the exit of the turbine is condensed by direct contact with cooled fluid in a condensation vessel. A part of fraction of the fluid at the exit of the condensation vessel goes to the hot side heat exchanger. The rest is circulated through the cold side heat exchanger where the unused heat is rejected to cooling water. At this point cooler heat source re-injects into the reservoir for geothermal heat or sent for industrial process.
Follow-Up Questions
What is the price performance of CLMOF stock?
The current price of CLMOF is $0, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Climeon AB (publ)?
Climeon AB (publ) belongs to Electrical Equipment industry and the sector is Industrials
What is Climeon AB (publ) market cap?
Climeon AB (publ)'s current market cap is $0
Is Climeon AB (publ) a buy, sell, or hold?
According to wall street analysts, 3 analysts have made analyst ratings for Climeon AB (publ), including 0 strong buy, 0 buy, 3 hold, 3 sell, and 0 strong sell
