Supervisory board expands the managing board
Erlangen, March 21, 2007. Thomas Mayer was appointed ordinary member of the Solar Millennium AG managing board in Erlangen. This will be effective as of May 1, 2007. The supervisory board has placed the 48 year old trader [German: Diplom-Kaufmann] in charge of marketing, public relations, personnel, risk management and involvement in project development. Together with the current members of the board, Christian Beltle, Mathias Drummer and Dr. Henner Gladen, he will promote further development of the company and strengthen the company's leading position in the market.
The increase of personnel on the managing board enables the supervisory board to implement dynamic business strategies in an ever-growing market of renewable energies. This will be carried out through the planned expansion of the business model and the further internationalization of business activities. Solar Millennium is also planning to supply solar fields in the future. For this purpose, cooperation with a globally active general contractor should be introduced. Solar Millennium AG currently has several subsidiaries in Spain, USA, Germany and Greece.
As the new member of the managing board, Thomas Mayer will bring his wide experience as director and managing director of internationally-active trading, financial service and brand companies to Solar Millennium AG.
About Solar Millennum AG:
Solar Millennium AG is an innovative project development and technology company in the renewable energy sector which is active around the world. Together with its subsidiaries and partners, Solar Millennium AG plans and constructs solar thermal power plants, and has specialized in two technologies in this field. Firstly, it is a technology provider for parabolic trough power plants, a proven and reliable technology in which Solar Millennium is regarded a world leader. Further, the company develops solar chimney power plants with the objective to make this technology marketable. The main focus of current projects is Spain, the USA, China and North Africa.
About the technology:
Solar thermal power plants generate electricity using the heat captured from solar radiation. In a parabolic trough power plant, trough-shaped mirrors focus the incident solar radiation onto a pipe in the focal line of the collector. A heat transfer medium in the pipe is heated, and this generates steam in the power block section using heat exchangers. The steam is then used to operate a turbine which generates electricity in the same way as in conventional power plants. Integration of a thermal storage system means the availability of the electricity can be planned. Therefore, the solar power plants can also generate electricity after sunset.
