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Sophia Antipolis Energie Developpement

France: Restructuring SAED

Submitted by Baerbel Epp on June 30, 2013

SAED or Sophia Antipolis Energie Developpement, which is a start-up located in the south of France, produces a heat pipe protected by two patents. The company developed a vacuum tube collector which has been used to build low-cost large-scale solar thermal installations for solar heating, as well as solar industrial processes. In mid-April, SAED was put under turnaround after being declared insolvent. The company is now seeking an investor or buyer while still continuing its two current projects: The district heating network combining solar heat and biomass in Balma is under construction and the consultation process is running regarding a solar district heating network in Juvignac, Montpellier, France. Solarthermalworld.org spoke with Franck Giaoui, Managing Director of SAED, about the company´s future.

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  • Companies : Sophia Antipolis Energie Developpement