Latest news with #Apricus
Time Business News
04-07-2025
- Business
- Time Business News
Next-Gen Innovations Powering the Solar Collector Tube
A solar collector tube, often called an empty tube solar collector, is a type of solar thermal collector that holds and retains solar heat for use such as space or water heating through the use of empty glass tubes. For solar collector tubes, the market is expanding as a result of high energy prices, environmental issues, renewable heat, government incentives and increasing demand for technological innovations and technological innovations that reduce expenses. Key Growth Drivers and Opportunities Rising Adoption of Rooftop Solar Panels: The solar collector tubes is expanding due to increasing roof solar panels worldwide, increasing demand for solar thermal solutions for both residential and commercial use. The demand for effective solar collector tubes increases as more businesses and home owners invest solar energy, making supplementary technologies such as solar water heating systems. Challenges The cost of high early installation and maintenance in the solar collector tube market, the availability of sunlight and the performance dependence on weather conditions and integration with the current heating system faced challenges. Additionally, limited awareness in developing areas and space obstacles for installation can become a hurdle in widely adopting. Innovation and Expansion Apricus Launches 'Etros' Evacuated Tube Collector for High-Efficiency Heating In September 2022, Apricot solar company, a prominent designer and manufacturer of solar hot water and hydronic heating products, launched a new empty tube solar collector called Etros with advanced coatings for better efficiency. The new collector is aimed at residential and commercial heating applications. The company has increased in a global appearance with sales in the US, Australia, France and more than 30 countries. Inventive Sparks, Expanding Markets Solar collector tubes, or empty tube solar collectors are used to hold and maintain solar heat for space and water temperature. Their market is increasing due to rising energy costs, environmental concerns, reducing fossil fuel dependence, government incentives, increasing roof solar panels and technological progresses that increase efficiency and low costs. About Author: Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business. TIME BUSINESS NEWS
Yahoo
26-03-2025
- Business
- Yahoo
Apricus Generation gains $30m credit to boost clean energy projects
Apricus Generation, an American ompany specialising in distributed solar and battery development, has established a new $30m revolving credit facility with Atlantic Union Bank. The strategic move will increase the company's capital flexibility, enabling it to expedite project development and expansion plans and cater to the increasing demand for clean energy solutions. It also serves to maintain and leverage the company's robust balance sheet. Apricus Generation executive chairman and co-founder Gautam Chandra stated: "Securing this unique revolving development financing facility with Atlantic Union Bank marks another important step in our growth strategy. "This facility provides us with additional financial flexibility to advance our development pipeline more efficiently and support our expanding portfolio of solar and battery storage projects. As we continue building our national platform, access to this type of capital is essential for accelerating clean energy deployment across our target markets." The collaboration with Atlantic Union Bank follows a successful Series A funding round. Atlantic Union Bank commercial relationship manager John Lester stated: "This credit facility highlights our commitment to financing the clean energy transition. Apricus has demonstrated strong project development capabilities and significant growth momentum, and we look forward to supporting their continued expansion in the renewable energy sector." Apricus Generation's new financing facility follows the company's acquisition of a controlling interest in Canada-based US solar and energy storage projects developer Nexus Renewables. The additional financial support enhances the company's efforts in assisting developers, optimising project finance, and offering management expertise to build an industry-leading platform. Apricus Generation CEO and co-founder Ravi Thuraisingham stated: 'This credit facility enhances our ability to rapidly respond to development opportunities with cost-effective capital. 'Working with Atlantic Union Bank gives us the financial agility needed in today's dynamic clean energy market, allowing us to focus on accelerating project timelines and expanding our footprint across the country. This facility complements our equity capital base and positions us for continued growth and execution.' "Apricus Generation gains $30m credit to boost clean energy projects" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
