SkyFuel First in CSP Industry to Offer Insurance-Backed Warranty

Munich Re visits SkyFuel's 1MWth demonstration at SEGSII in Daggett, CA for final due diligence

Arvada, Colorado – April 19, 2012: SkyFuel, Inc., maker of the highest performance and lowest cost parabolic trough solar collector in the world, is now the first in the Concentrating Solar Power (CSP) industry to offer insurance to support the company's warranty. After more than a year of due diligence, Munich Re – one of the worldwide leading reinsurance companies – announced that they will underwrite SkyFuel's performance guarantees. As the only parabolic trough maker with a serious approach to cost reduction, SkyFuel's technology incorporates some innovative features – the most significant being the use of high reflectance mirror film (ReflecTech) in place of traditional glass.


SkyFuel guarantees the thermal output of their SkyTrough system for up to five years, and the specular reflectance of the SkyTrough reflectors for up to 20 years. The ability to offer insurance backing for this robust warranty is a distinct advantage in a market reliant on risk-averse banks for project finance. Chief Commercial Officer Kelly Beninga stated that, "the Munich Re insurance cover, combined with higher efficiency and lower cost, makes SkyTrough a very bankable solution. Yet again, SkyFuel is pleased to be a leader in the CSP market."

Thomas Blunck, member of Munich Re's Board of Management commented, "we are delighted to have concluded the first CSP technology contract of this kind with SkyFuel. This is a further instance of our pioneering role in this field, following from the launch of our performance guarantee cover for photovoltaic installations in 2009."

About SkyFuel

SkyFuel, Inc. manufactures the SkyTrough parabolic trough concentrating solar collector - a breakthrough in cost and constructability resulting from significant design and material innovations. SkyFuel's wholly owned subsidiary, ReflecTech, Inc. holds the exclusive license to manufacture and market ReflecTech® Mirror Film. SkyFuel is developing next-generation, high-temperature parabolic trough and linear Fresnel systems.

Featured Product

TRA SNOW AND SUN - SOLAR TILE MOUNT

TRA SNOW AND SUN - SOLAR TILE MOUNT

You haven't installed a tile mount that is easier to install than the Solar Tile Mount manufactured by TRA Snow and Sun. Solar Tile Mount is used on all tile roof profiles: flat, mid, and high. It is made in the USA of aluminum alloy for strength and excellent corrosion resistance. Solar Tile Mount is built to allow more ease in installation with more rise from the tile surface to the rail for better air flow below panels. The adjustable base is longer than most allowing attachment 6" to the left or right to have the bracket in the base of the pan of the tile and still fasten to the rafter. Solar Tile Mount is adjustable for counter batten systems from ¾" to 3". The horizontal rail is directly above base fasteners giving greater uplift resistance than any other system. For superior waterproofing apply TRA Snow and Sun's butyl backed VersaFlash aluminum flashing. No tile flashing is needed on top of the tile for greater labor and material cost savings.