Olympic Sun warms up solar energy industries

BIG 5: Alexander Perakis, a mechanical engineer and founder of Greece-based Olympic Sun Solar Energy Systems, is looking to simplify people's lives in the Middle East.

Perakis: even in the oil-rich Middle East
Perakis: even in the oil-rich Middle East

Alexander Perakis, a mechanical engineer and founder of Greece-based Olympic Sun Solar Energy Systems, is looking to simplify people's lives in the Middle East.

His company's products, which use solar energy thermal heating systems to warm up water, are the means by which he hopes to achieve that goal.

"Many people believe that they do not need these kinds of systems in the Middle East because of the high temperatures. Actually, this line of thinking is wrong," explained Perakis.

With the increasing talk of conserving energy and 'going green', solar energy, especially in the middle of the desert, seems to be the way forward.

"If used correctly, systems like these could provide a benchmark for all others to follow. It is a very simple and understandable technology. And with minimum maintenance, they can last 15-20 years without any problems."

"People here make the mistake of thinking that because oil is cheap in the Middle East, electricity is unlimited, so they don't install solar technology," added Perakis.

"An electric heater can provide hot water all day long, as long as you have it running all day long."

Perakis is looking to capitalise on the fact that consumers know oil is running out and are starting to understand that they need to conserve energy in their own way.

"This technology is just a matter of making people's lives simpler," he said.

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