Fortum invests in breakthrough solar technology manufacturer Exeger

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 www.exeger.com - External link