Exeger develops and produces novel printable solar cells for use in consumer electronics, on buildings and in other applications.
The investment gives Fortum a 5% ownership in the company.
Fortum’s Technology and New Ventures invests EUR 5.2 million in Exeger Sweden AB (Publ), a Swedish solar technology company. Exeger develops and produces novel printable solar cells for use in consumer electronics, on buildings and in other applications. The investment gives Fortum a 5% ownership in the company.
One of the four cornerstones of Fortum’s strategy is to build new energy ventures. In order to accelerate innovation and commercialisation of new solutions, Fortum is strengthening its in-house focus on innovation and digitalisation, partnering with globally leading suppliers, promising technology companies and research institutions, as well as making direct and indirect investments in startups with encouraging new innovations.
“In the coming years, we will invest EUR 100–200 million in the most promising startups and funds. This investment implements Fortum’s strategy to be in the forefront of energy technology and application development. Exeger’s light-harvesting technology in consumer electronics is the most advanced in the market and can be applied in several fields of global interest,” says Anne Jalkala from the Fortum’s Technology and New Ventures unit.
“Fortum’s strategic investment is the last piece in our puzzle to prepare for our first global product launch. It will allow us to ramp up our production capacity even further in order to start accepting commercial orders in 2017,” says Exeger’s CEO Giovanni Fili.