SMS group commends Synhelion on reaching a significant milestone with the launch of the world's first industrial demonstration plant DAWN for the production of solar fuels. Synhelion is now moving forward with the commissioning of DAWN to commence solar fuel production in the near future. The innovative plant developed and built by Synhelion marks a crucial step in the defossilization of the transport sector and demonstrates the potential of solar fuels in cutting CO₂ emissions.

As a strategic investor and partner, SMS group supported Synhelion in the implementation of the energy storage system used in the DAWN plant. Our commitment here comprised not only financial resources but also expertise from our subsidiary SMS Concast, leveraging Paul Wurth technology. Synhelion's thermal energy storage system is crucial for ensuring the continuous production of synthesis gas by storing approximately two-thirds of the thermal energy generated during the day.

The collaboration between Synhelion and SMS group is a prime example of creating synergies that benefit both the scale-up company and our own product portfolio. Our expertise in the steel and metals industry enables us to efficiently support Synhelion with its innovative thermal energy storage system. This type of storage system is particularly suitable for high-temperature applications and provides a cost-effective alternative to energy storage in batteries.

The necessity for decarbonization, driven by climate change, is supported by scientific evidence. SMS group is committed to significantly reducing CO₂ emissions by investing in sustainable technologies such as those developed by Synhelion. In particular, Synhelion's renewable fuels can sustainably revolutionize the aviation industry, which relies on combustion fuels.

After commissioning, the DAWN demonstration plant will produce several thousand liters of fuel per year. Synhelion plans to build its first commercial plant in Spain starting in 2025. Within ten years, Synhelion intends to increase its production capacity to approximately one million tons of solar fuel per year. These developments underline the enormous market potential and the importance of Synhelion solar fuels for a sustainable future.

Dr. Stephan Feldhaus, CEO at SMS Concast, and member of the Synhelion Board of Directors, says: "As SMS group, we are proud to support Synhelion with the DAWN plant and thus with the scaling of its technology both financially and with our expertise. The cooperation with Synhelion is characterized by great mutual trust and appreciation. We see ourselves as a strategic partner of Synhelion and look forward to our further cooperation."

SMS group is firmly committed to sustainably reducing CO₂ emissions and promoting renewable energies through innovative technologies and strategic alliances, including the partnership with Synhelion.