Solimpeks Corp., a solar company based in Karatay, Turkey, has released the Volther hybrid solar collector, which produces electricity and hot water simultaneously. The product hybrid modules produced by Solimpeks Corp. allow extra module heat to be absorbed to produce hot water, thus optimizing efficiency, the company says.

Historically, the main drawback of many conventional photovoltaic systems has been the high initial cost as well as the limited amount of electrical output when compared to solar input. This Volther hybrid solar collector system allows excess heat to be recaptured and boosts the system’s return on investment, according to Solimpeks Corp.

The Volther combines the best of both worlds; first there's the solar collector that heats water with energy from the sun. Second there are PV (Photovoltaic) modules, which convert sun lights into electricity.

Read more at Solimpeks