TVP Solar

About TVP Solar

Founded in Geneva, Switzerland, on June 18, 2008, TVP Solar SA was established by CEO Piero Abbate and CTO Vittorio Palmieri with an initial equity investment of CHF 1 million. The venture was born from the founders' combined experience; Abbate brought over a decade of entrepreneurial and investment expertise in high-tech startups across Europe and the US, coupled with prior experience in high-efficiency solar thermal collectors, while Palmieri contributed eight years of R&D background in high-vacuum technologies from his time at CERN and as managing director at an energy research firm.

TVP Solar operates in the renewable energy sector, specifically focusing on decarbonizing large-scale heat consumption for industrial and commercial clients. The company's business model involves the design, manufacturing, and marketing of its high-vacuum flat solar thermal panels. Revenue is generated through the sale of these turnkey solar thermal plants directly to clients via capital expenditure or through heat purchase agreements. Its client base includes major multinational corporations in manufacturing and energy, such as PepsiCo, Engie, and Saudi Aramco, as well as district heat network operators.

The core of TVP Solar's offering is its patented high-vacuum solar thermal technology. Unlike traditional solar thermal panels, TVP's collectors are housed in a high-vacuum flat envelope, which suppresses heat convection losses and significantly increases the efficiency of converting solar radiation into thermal energy. The flagship product, MT-Power, is certified to operate at temperatures up to 200°C with high efficiency, making it suitable for demanding industrial applications like process heat, steam generation, desalination, and large-scale air conditioning. This technology provides a carbon-free energy source that can reduce operational expenses and offer stable energy costs compared to volatile fossil fuels. The company has expanded its product line with the LT-Power panel, which is designed for lower temperature applications (75-90°C) in residential and commercial buildings, even in colder climates.