A Mayo firm has been awarded a €20 million deal to have their breakthrough solar power product distributed throughout the Republic of Ireland.
Surface Power Solar, based in Tourmakeady, who launched the world’s most efficient solar hot water panel, have agreed to supply the Moritz Group with its SP501 Solar Hot Water Collector over a five-year period.
The Moritz Group, a leading Irish-based distributor to the construction industry, employs more than 180 people in Ireland and a further 100 people indirectly through its various interests.
Commenting on the deal Surface Power founder John Quinn (available for interview on 087-2449346 ) said: “The Moritz Group have an established distribution system and have approached the market in a professional way, seeking out the best technologies, backed up with training options and support. The company’s history of customer satisfaction and industry recognition makes for a valued partner. We look forward to building a relationship that will help drive growth and jobs for both companies in 2009.
“This agreement provides us with a solid distribution channel in Ireland, enabling us to completely focus on our expansion efforts. Surface Power Solar has already achieved product approval in over 25 countries and expects to add the USA, Canada and Australia over the coming months,” added Mr Quinn.
Surface Power Solar claim their product offers home builders the best Building Energy Rating on their homes. The product has been researched, designed and developed by an Irish company, thus supporting Irish jobs.
Surface Power estimates that the SP501 product, which has undergone six years of development and testing, has the potential to reduce domestic and commercial hot water bills by up to 70 per cent if insulation standards meet new building regulations. Independent Certification by the world’s leading testing house has shown that when compared to other leading solar hot water collectors the collector was up to 131 per cent more efficient in the morning and evening and 76 per cent more efficient at midday.
Established in 2003, Surface Power’s research and development programmes are almost seven years running and the company has amassed a significant product portfolio in advance of targeting key world export markets for solar and wind renewables. The Údarás na Gaeltachta and Enterprise Ireland-backed firm has played a central role in the development of the domestic renewable sector in Ireland, especially microgeneration.