Press release

Fortum invests in breakthrough solar technology manufacturer Exeger

01 December 2016, 08:00 EET


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

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 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

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.