FAFCO ® Announces JangHan Engineers, Inc. as its First COOLPV ® Foreign Licensee for the Korean Market

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FAFCO® Inc., the nation’s oldest and largest solar thermal manufacturer founded in 1969, announced its first CoolPV® licensee in Korea. JangHan Engineers Inc., a leading manufacturer of heat exchangers, heat pumps, and thermal energy storage systems, decided to add FAFCO’s CoolPV® solar unique innovation to its portfolio.

FAFCO Cool PV Benefits

FAFCO Cool PV Benefits

Mr. Ryu commented, “CoolPV® allows JangHan to develop the CoolPV® Korean market by stressing the commercial and industrial applications for CoolPV®”.

FAFCO® Inc., the nation’s oldest and largest solar thermal manufacturer founded in 1969, announced its first CoolPV® licensee in Korea. JangHan Engineers Inc., a leading manufacturer of heat exchangers, heat pumps, and thermal energy storage systems, decided to add FAFCO’s CoolPV® solar unique innovation to its portfolio. JangHan believes integrating CoolPV® into its other products will allow it to offer a complete energy savings system in Korea to help pursue Korean energy independence.

CoolPV® is an enhanced solar electric panel that combines solar thermal and solar electric into one panel that uses less valuable roof space than two separate systems. Because CoolPV® cools the solar electric module, it can increase the electrical output of the PV module by up to 20%. CoolPV® generates four times the power of PV alone and can convert 60% of the sun’s energy into usable power compared to typically less than twenty percent for PV alone.

Since South Korea is a fast-growing gigawatt-market for photovoltaics (PV), it’s no surprise that the country is adding new PV solutions to their product mix. In 2016, the country ranked among the world’s top ten countries leading the world in solar energy. Moreover, the Korean government is targeting 17.5GW of cumulative PV capacity by 2035, which continues to drive a growing demand for solar PV solutions across the country.

Bob Leckinger, FAFCO’s CEO and president stated that, “Mr. Ryu, the owner of JangHan Engineers, Inc., has been a FAFCO thermal energy storage licensee for almost thirty years in addition to being a substantial shareholder in FAFCO.” Mr. Ryu commented, “CoolPV® allows JangHan to develop the CoolPV® Korean market by stressing the commercial and industrial applications for CoolPV®.”

Already increasingly popular in the U.S., CoolPV® in Korea, will allow both residential and commercial consumers to become more energy independent as they receive both electrical and thermal energy from the same CoolPV® panel. CoolPV® will also help to drive a cleaner more energy efficient solution for the planet.

For more information about CoolPV® visit http://coolpvsolar.com/. To book interviews with FAFCO and JangHan Engineers, please email the press contact below.

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CONTACT

Phil DelNegro
VP of Sales and Marketing
FAFCO, Inc.
Ping me - pdelnegro(at)fafco(dot)com
Ring me - (619) 861 - 8145
CONNECT with me - https://www.linkedin.com/in/phildelnegro

ABOUT FAFCO

FAFCO is the nation’s oldest and largest solar thermal manufacturer and has been producing solar water heating systems since 1969, with an installed base of 200,000 customers. Its products include solar thermal systems for homes, pools and commercial applications, as well as thermal energy storage http://www.icestor.com. In 2015, FAFCO introduced and started selling CoolPV® (http://www.coolpv.com) which is based on a US Navy contract and R&D begun at FAFCO in the late 1990’s. All FAFCO products are made in the United States at FAFCO’s headquarters in Chico, CA. To learn more about FAFCO, visit http://www.fafco.com, or call 800-994-7652

ABOUT JANGHAN ENGINEERS, INC.

From the start of our business in 1987, we devoted ourselves to develop the innovative system & products for hydronics, pumping system, heat exchangers, thermal energy storage, water filtration and environmental protection equipment. We are committed to….

  • Having a challenging spirit for creating new industry standards
  • Developing quality products from state-of-the-art production technology
  • Having the experienced knowledge to provide solutions and O&M supports

We are endeavoring to satisfy the customer’s requirements and always open to hearing insights from our customers so we can continue to improve of our services.

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Phil DelNegro
@FAFCOInc
since: 03/2009
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