Finland-based technology firm Valoe has signed a deal to integrate its solar systems onto refrigerated trailers managed by Dutch equipment service provider TIP Group.
Under the contract, valued at approximately €20 million, the two companies aim to have hundreds of trailers equipped with solar systems by the end of 2025. Solar systems worth approximately €600,000 are expected to be delivered in 2023.
Valoe will initially construct four pilot trailers and deliver the first one to TIP’s customer at the end of the first quarter of 2023. If it meets the mutually agreed key performance indicators, Valoe and TIP will continue the integration project.
TIP aims to reduce the impact on the climate by significantly reducing CO2 emissions and diesel consumption through the integration of solar power systems.
“In new refrigerated trailers, we can refrain from using diesel altogether and be at the cutting edge in implementing more environmentally friendly technology in the transport sector,” Rogier Laan, VP Sales and Marketing at TIP, said. “We are looking forward to this exciting transition towards cleaner world in close cooperation with Valoe.”
Valoe sees the partnership as an opportunity to enter the global market for solar-powered refrigerated trailers and expects to save 3500 litres of diesel and reduce 9000 kilograms of CO2 emissions per trailer.
Headquartered in Amsterdam, the Netherlands, TIP specializes in lease and rent of road freight and intermodal transport equipment, services such as maintenance and repair, sale of used equipment, and other value-added services, such as digital solutions. It has a total fleet of over 120,000 units and more than 16,000 reefers globally.
Valoe is a Finland-based technology company that operates in the clean energy business. Its solar module plant is located in Juva, Finland, and the company has an IBC solar cell plant in Vilnius, Lithuania.