Swedish DSSC firm receives €5.2 million funding from Fortum

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Finland-based energy firm Fortum has invested €5.2 million in Exeger Sweden AB, dye sensitive OPV thin-film (Organic Photovoltaics) start-up to help support the launch of commercial products in 2017. Image: Exeger

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.

Read Next

June 22, 2021
Finnish utility Fortum has secured a deal to divest two solar projects in India totalling 500MW of capacity to private equity firm Actis.
March 11, 2020
German firm's largest PV project to date completed in Karnataka.
November 14, 2019
Ecoppia, developer of fully autonomous, water-free PV panel cleaning solutions, has been chosen by Fortum to deploy its platform across multiple projects in India, totaling 427MW of production capacity.
April 9, 2019
Ahead of PV Tech launching its new PV IndiaTech conference, on 24-25 April 2019, in Delhi, I review in this blog what the event is all about, and why the timing of the event has turned out to be perfect as India debates how to create a sustainable manufacturing segment that supplies quality modules to its downstream segments.
October 24, 2018
A consortium of Finland's Fortum and Montenegro’s power utility, EPCG, has won a tender for the construction and operation of a PV project with an installed generation capacity of 250MW within the country, according to Montenegro’s economy ministry.
June 14, 2018
Fortum has won 110MW of solar capacity in Russia’s Capacity Supply Agreement (CSA) auction.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
Solar Media Events
December 1, 2021