Homegrown solar energy company, SolarTron Energy Systems Inc., is increasing production at its Amherst plant.
The company is manufacturing 39 solar concentrating collectors used to provide hot water for tanks, boiler heating systems, radiant heating and air conditioning systems for residential, commercial and municipal markets. SolarTron is using a $250,000 repayable term loan provided through Nova Scotia Business Inc. (NSBI).
MLA Brian Skabar, on behalf of Minister of Economic and Rural Development Percy Paris, joined Stephen Lund, president and CEO of NSBI, on a tour of the SolarTron production line today, June 29.
"Clean energy is a large and growing international market and one in which Nova Scotia companies excel," said Mr. Skabar. "This loan will help SolarTron to meet demand for its product and to increase its exports. Helping Nova Scotia companies to become more competitive is one of the priorities of jobsHere, the province's plan to grow the economy."
SolarTron employs eight people in Amherst, and the company has distributors in Kenya, Australia, Germany, Austria, United States and Canada. Sobeys is a commercial client. the Municipality of Cumberland's municipal building has a unit, and Halifax Regional Municipality Fire and Emergency installed a unit in May at its Knightsbridge Drive fire station.
"With this loan, SolarTron has support to meet the demand for our product and become more competitive in a new industry," said Edward Herniak, president of SolarTron. "We are committed to staying on the cutting edge of this technology and it is fantastic to see NSBI and the province are committed to helping us achieve that goal."
The collector, called the SolarBeam, uses technology that tracks the sun from morning to dusk, harvesting the sun's energy at peak efficiency throughout the entire day. The company says itstechnology is up to 262 per cent more efficient than competing products. Traditional, flat-panel systems are only able to collect solar energy for two hours each day because they are stationary.
"This a great example of the type of company we need to be developing in Nova Scotia," said Stephen Lund, president and CEO of NSBI. "The people at SolarTron are doing innovative, export-based work in an emerging industry. Ultimately, that's good news for Nova Scotians."
Nova Scotia Business Inc. is the province's private-sector-led business development agency. Through trade development, investment attraction, business financing and venture capital, NSBI assists local companies and attracts international companies to Nova Scotia. Connect with NSBI.