Finland-based energy firm Fortum has invested €5.2 million in Exeger Sweden AB, dye-sensitized solar cell (DSSC) start-up to help support the launch of commercial products in 2017.
Fortum said that the funding gave them a 5% ownership in Exeger, which prints DSSC thin-film materials to produce a range of consumer related products and potentially bigger markets such as BIPV (Building Integrated Photovoltaics).
Giovanni Fili, CEO of Exeger Sweden AB said, “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.”
“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,” added Anne Jalkala from the Fortum’s Technology and New Ventures unit.