PV Cleaning Solution Company NOMADD Desert Solar Solutions Secures Funding Round from Saudi Arabian Investor CEPCO
Jeddah, November 27, 2018: NOMADD, a leading PV cleaning technology company, secured a strategic investment by specialist Saudi Arabian construction company CEPCO. This Series B investment round will support NOMADD’s current project pipeline and further strengthen NOMADD’s growth ambitions, whose unique and patented PV cleaning robot system is ideally placed to serve the burgeoning growth of PV installations in dusty desert environments, such as the MENA region.
CEPCO is specialized in the design and execution of projects in the power transmission and distribution sectors. "With CEPCO’s manufacturing and engineering expertise, we will be able to optimize and commercialize our patented robot technology, reducing costs and providing a superior, cost-effective cleaning solution to our customers," said Jos van der Hyden, co-founder and CEO of NOMADD. "Through our robotic cleaning solution and dust mitigation services, our customers are able to dramatically maximize their energy yields. This investment, therefore perfectly supports Saudi Arabia’s Vision 2030 by not only maximizing local content, but by increasing yields for PV projects, which supports the expansion of PV capacities in the Kingdom," said Georg Eitelhuber, founder and CTO of NOMADD.
CEPCO has expressed its mutual appreciation and support in working with NOMADD. "We are proud to join this young organization which is revolutionizing O&M in the solar power industry. By investing in NOMADD, we at CEPCO would like to show our full confidence in this organization’s technology and brilliant, dynamic team of engineers," said Dr Nour Al Husayni, CEO of CEPCO, "The NOMADD team is testament to the possibilities Saudi Arabia has to offer and the abilities of its educational institutions and young engineers. Moreover, this is a big step for CEPCO into the world of sustainable energy and the support for Vision 2030. We are very excited about our cooperation with this Saudi-based company and its ability to innovate and develop an exceptional solar module robotic cleaning system and its ability for swift deployment. CEPCO will be a hands-on investor and is looking forward to be part of the development of this technology and its local Saudi manufacturing."
Apricum – The Cleantech Advisory acted as financial advisor to its client NOMADD. "We are very pleased to have introduced CEPCO to NOMADD and facilitated this strategic investment. We are bringing together two leaders in their field, whose compelling technology, project pipeline, experience and know-how combine to create an excellent investment opportunity and partnership with a bright future," said Nikolai Dobrott, managing partner of Apricum.
About NOMADD Desert Solar Solutions
NOMADD (NO water, Mechanical Automated Dusting Device) designs and supplies fully automated, waterless cleaning robots, corresponding software as well as after-sales services to photovoltaic (PV) developers and engineering procurement and construction (EPC) companies. NOMADD’s fully integrated cleaning solution for the efficient removal of dust has been designed, developed, tested and proven in ambitious field testing projects in the harshest of desert conditions. NOMADD was founded in 2012 as a spin-off from King Abdullah University for Science and Technology (KAUST) and has its headquarters in Saudi Arabia. KAUST and DSM Venturing are the Series A investors in NOMADD.
CEPCO is a leading construction company in the Saudi power transmission and distribution industry. Their core business is the design, procurement and execution of turn-key high-voltage underground cable projects. Other activities include power transformer services, high-voltage testing and the installation of substations and power plants. The company was founded in 1977 in Jeddah, Saudi Arabia.
Apricum is a transaction advisory and strategy consulting firm specialized in the cleantech and renewable energy space. Apricum’s team combines decades of experience in industry, corporate finance and project finance, with an in-depth understanding of renewable energy market dynamics. Apricum has an extensive global network among equity and debt investors, providing expertise and support to close the most favorable transactions. Apricum is headquartered in Berlin with representatives in Europe, the Middle East, Southeast Asia and North America.
For more information about NOMADD, contact firstname.lastname@example.org
JEDDAH (April 17, 2018) NOMADD Desert Solar Solutions announced the signing of a contract for a commercial rooftop system in Dubai.
NOMADD supplies waterless robotic cleaning systems for solar arrays. In the Middle East dust is the primary factor affecting solar plant performance. As all eyes in the solar industry are now focused on the many huge solar deployments in the pipeline across the region, the question of solar panel cleaning is a key part of the conversation.
An exemplar of the Saudi Vision 2030 for Economic Development and Innovation, NOMADD is anticipated to play a key role in these projects and is positioned to become the sector standard cleaning solution.
“This commercial scale order is a great step forward for us,” said Jos van der Hyden, CEO of NOMADD. “Looking ahead, we have a tremendous opportunity to scale rapidly in the Middle East market. Our shareholders KAUST and DSM Venturing provide us with the capital we need to expand our customer base and deploy more and more robotic cleaning systems across the region. Our growing list of agreements includes some of the biggest solar companies in the world.”
The NOMADD technology was developed in Saudi Arabia at King Abdullah University of Science and Technology (KAUST). Through a recent licensing agreement, NOMADD robots also use Aramco technology, developed in parallel by the Aramco R&D division.
NOMADD stands for NO Water Mechanical Automated Dusting Device. The NOMADD robotic systems are uniquely simple, cost effective, and reliable. NOMADD robots are fully automated, clean without water, and are 99.5% as effective as many water-based cleaning methods. Using patented technology, NOMADD can integrate with fixed tilt, tracking and rooftop arrays, without placing any weight force on the panels. This removes the greatest risk of damage to panels, which are the most sensitive part of the solar array. Using remote controlled, two-way data transmission, NOMADD provides highly granular data to the user while maximizing solar array output and minimizing the operational costs of desert solar.
In 2017, NOMADD was a winner of the SunRISE TechBridge Challenge, a competitive event organized by DSM, Fraunhofer and Greentown Labs in Boston to identify and support game-changing solar technologies. Previously, NOMADD has won the 2014 MESIA Solar Technology of the year award, and the prestigious 2016 AURP Innovation Award.
For more information about NOMADD, contact email@example.com