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In English

New million deficit for solar technology company

Heliac has changed its strategy. The company's solar heating technology is no longer competitive. Now, they are focusing on a new business venture after a challenging fiscal year

After many years of developing its solar heating technology, the company Heliac has chosen to scale down its solar heating activities.

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According to CEO Henrik Pranov, the reason is that it has been challenging to sell a relatively new and untested solar heating technology with long durability and payback period in an environment of rising interest rates.

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