FORTUM CORPORATION PRESS RELEASE 1 December 2016
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 .
Fortum Corporation Group Communications
Further information: Anne Jalkala, VP, Startup & Fund Investments, Fortum, tel. +358 40 1282 884 Gustav Röken, CFO, Exeger Sweden AB (Publ), tel. +4670 428 7474
Fortum Fortum is a leading clean energy company which provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 8,000 professionals in the Nordic and the Baltic countries, Russia, Poland and India, and already 64% of our electricity generation is CO2 free. In 2015, our sales were EUR 3.5 billion. (NASDAQ HELSINKI: FUM1V). www.fortum.com
Exeger Exeger produces the world’s best indoor solar cell. Apart from generating the most power, it integrates seamlessly into other products, is light-weight, and environmentally friendly. These characteristics make it ideal for consumer electronics, internet of things, building integration, and any other applications where there is a need for longer battery-life, getting rid of chargers or adding more functionality. Exeger is focusing on commercialization of the technology and releasing the first product in the consumer electronics market. Exeger’s goal is to become Sweden’s next high-tech industrial company. www.exeger.com
