SolidWorld Group Spa, a company active in the field of digital technologies, industrial 3D printing and photovoltaic panel construction systems, announced that the its subsidiary SolidFactory S.r.l., specialized in turnkey industrial 5.0 projects, has signed a supply contract with an important international player in the engineering and complete supply sector.
The agreement concerns the creation of a innovative line high technology in the field ofsolar and renewable energy.
Production of high efficiency photovoltaic panels
The million-dollar order will be fully invoiced during 2024 and involves SolidFactory in the supply of a complete production line, which includes the mechanical part, digital management software and automation. The objective is "mass production"of high efficiency photovoltaic panels. Delivery is expected by 2024.
The agreement occurs following the operation of acquisition by SolidWorld Group (through its subsidiary SolidFactory) of a business unit of Formula E, a company part of Baccini Group, a holding company with a historic track record in the industrial and photovoltaic sector.
This operation allowed SolidFactory to integrate the related activity and know-how into your business to the production of high quality and efficient photovoltaic panels, including the modernization of obsolete panels.
The opportunities of photovoltaics
The solar/photovoltaic sector is in rapid growth worldwide, with BloombergNEF estimates predicting the installation of 392 GW of new capacity photovoltaic by 2023, marking a 65% increase compared to 2022. This result follows the record energy production from photovoltaic systems recorded in 2022, which reached 239 GW.
“The strategy of creating two new technological and business pillars It quickly begins to bear fruit. After the internationalization of the biomedical sector, with the entry into the most innovative US and Swiss markets, as well as Italian, now it is the turn of the green photovoltaic one where we have obtained the first important international orders" he declared Roberto rizzo, President of Solid World Group.
“The data recorded in 2023 in photovoltaic, as well as the positive growth forecasts for the sector at an international level, underline the central role of renewables in the global energy transition path. In this market context we have moved on in just a few months acquire a Formula E business unit to sign an important supply agreement with an international player of the sector. A notable result for a project that will see us involved for a long time in the engineering, construction, commissioning and supply of the machine in question. Thanks to this agreement, which is strategic above all for our Renewables Business Unit, we have the possibility to demonstrate our "supply chain" know-how which allows us to provide turnkey, highly digitalized and sustainable factories” he commented Andrea Maccari, President of SolidFactory.
What is SolidFactory
SolidWorld Group S.p.A. drive a consortium of 11 companies founded in the 2000s by Roberto Rizzo. Since 6 July 2022, it has been listed on Euronext Growth Milan of the Italian Stock Exchange. With 14 offices and 3 technological hubs, it has over 150 employees and more than 10 thousand client companies. In 2023, the Group launched the mass production of Electrospider, a 3D bioprinter capable of replicating human tissues and organs. Acquired Valore BF 3d S.r.l. and completed a technology transfer from Formula E S.r.l., a company of the Vismunda S.r.l. group, a global leader in automation for the renewable energy sector.
In the first half of 2023, SolidWorld Group recorded revenues of 33,1 million euros, a production value of approximately 35,2 million euros, with an EBITDA of 2,8 million euros.
