Solabolic is the developer of the next generation of solar thermal collectors. Invented by Ahmed Adel, Engineer, in 2012, its patented technology is based on suspension bridge design.
The Solabolic parabolic is designed to achieve the following goals:
- increasing the economic efficiency of concentrated solar power
- overcoming manufacturing, transport and size limits
- maximizing local content for developing economies
Less costs and improvement for society and environment
Using tensile forces with cost effective manufacturing processes, Solabolic achieves a precise parabolic shape required to focus the sun light. The heat produced can be used to power a steam turbine in order to generate electricity, or directly, to desalinate sea water for example.
“Solabolic is not just a technology. It is a solution with many socio-economical and environmental aspects, such as food security, clean energy, job creation and clean water”, says Stefan Nolte, Financial Manager.
The Startup can realize the industry’s largest dimensions with 20-30% less material. Its technology leads to a reduction cost by 35% in the solar field. One of its most important advantages: maximizing the utilization of local resources and manpower in the developing countries. Indeed, the production of the parabolic shape – achieved via physical principals – does not require complicated manufacturing processes.
The Success-Story of Solabolic
Ahmed Adel is the inventor and patent owner of the Solabolic technology. He started working on it in 2012, while being Research assistant at the Vienna University of Technology, Institute of Energy Systems and Thermo Dynamics. He was joined in the Solabolic adventure by Stefan Nolte as Financial Manager to further advance the project. Stefan has worked for fours years in Finance, Mergers & Acquisitions and did transactions in the Renewable Energy sector. He was interested in a new challenge and found Ahmed to make it happen.
The Solabolic competitive advantages have been confirmed by the Vienna University of Technology. Ahmed and Stefan were awarded the ClimateLaunchpad Austria in 2015, the Europe’s Largest Cleantech Business Idea competition with over 700 teams from 28 countries, and were ranked among the top 7 start-ups in Europe.
Solabolic was recently selected for the Climate-KIC accelerator and for receiving the AWS PreSeed government grants. A memorandum of understanding has been signed between Solabolic and the Egyptian government.
Ahmed and Stefan are now looking for business angels to bring Solabolic to the next step.
Author: Elodie Broussard