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August 2015 |
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SkyFuel, Inc. acquired by Sunshine Kaidi New Energy Group of Wuhan, China
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Arvada, CO- Aug 12, 2015 - SkyFuel Inc.
announced that it has been acquired by Sunshine Kaidi New Energy Group
(“Kaidi”) of Wuhan, China, through their US subsidiary Harvest
International New Energy, Inc. Kaidi is a leader in renewable
energy in China and Southeast Asia, and provides a strong strategic
partner for the continued growth and global deployment of SkyFuel’s
advanced parabolic trough technology. Information on Kaidi can be
found at - http://en.china-kaidi.com/ .
SkyFuel, Inc. will remain a US company, and will continue to develop
leading-edge solar technology with the existing US based engineering
team. Manufacturing of selected components of the
SkyTrough collector will be transferred to China for scale-up of
manufacturing and additional cost reduction, under strict US quality
standards.
With SkyFuel’s concentrator technology, Kaidi plans to pursue
concentrated solar power (CSP) markets for hybrid power generation,
water desalination and industrial process heat through the delivery of
SkyTrough systems to domestic and international markets.
[an error occurred while processing this directive]About Sunshine Kaidi New Energy Group
Sunshine Kaidi New Energy Group Co., Ltd. operates as a hi-tech
investment company in the field of green energy. It focuses on
environment protection, energy saving, cleaning combustion, technical
system integration, new product R&D, EPC construction, commercial
operation, asset management, diversified investment, etc. The company
provides safe drinking water, sewage treatment, flue gas
desulfurization, dust control, energy saving and consumption reduction,
clean combustion, biomass power generation, green energy services, etc.
It also provides technical services for power plants; core technology
of energy-saving products in oil-free ignition, and replacing oil with
coal powder; and owns an integrated investment and service platform in
energy-saving environmental protection and green energy industry.
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