Over the next three years, ASPATE will develop about 500 green energy homes throughout Greece by deploying technologies including photovoltaic, geothermic and fuel cells.
ASPATE president & CEO Konstantinos Aslanidis said the company intends to develop over 5000 such residential units by 2020 all built according to thenceforth generally accepted eco-friendly standards.
"ASPATE found in TROPICAL a strong and reliable technology partner that has an impressive product portfolio and a go-getting strategy fully aligned with our vision for the home of the future," Aslanidis said.
"We see a great opportunity in the second-home market as an increasing number of North Europeans chooses to have a second home or retire in sunny Greece."
TROPICAL chairman and CEO George Lagios said the company’s GreenGen NG-5 is a green energy high-tech product selected by ASPATE for its high standards, quality and comparative advantages.
"The partnership proves to be validation of excellence and competitiveness of our cutting-edge technology products" Lagios said.
"In addition to the commercial distribution of our NG fuel-cell systems, the ASPATE agreement will also give us the opportunity to apply a number of additional next-generation power solutions, which are currently in the pipeline."
TROPICAL’s current fuel-cell power systems product portfolio consists of hydrogen, methanol, propane and natural-gas powered solutions for both stationary and portable applications in the range of 100W to 20kW.
