Saule Technologies partners with Columbus Energy, receives €10 Million investment

Poland-based PSC developer Saule Technologies recently announced a partnership with Columbus Energy, the largest service provider on the market of photovoltaic installations in Poland.

As part of this partnership, Saule Technologies received a €10 Million investment from Columbus Energy.

The companies agreed that Columbus Energy would have right of purchase of Saule's technology and the right to buy patents developed by its laboratory.

"The cooperation between Saule Technologies and Columbus Energy can significantly accelerate the commercialization of the technology we are developing" - says Olga Malinkiewicz, CTO Saule Technologies.

The money will be spent on the further development of the first production line of flexible perovskite modules in the world. The production line is undergoing site-acceptance tests and technology transfer which is expected to be complete by the end of 2020.

The investment will also allow launching projects co-financed from public funds, from such institutions as the Polish National Centre for Research and Development (NCBR) and European Regional Development Fund.

To allow rapid development, Saule Technologies will surely grow in numbers to complement company structure and fill project teams.

Finally, the contract includes a collaboration between Saule Technologies and JR Holding, led by January Ciszewski. The agreement concerns support and advice from JR Holding on the introduction of Saule Technologies to the Warsaw Stock Exchange.

Posted: Sep 08,2020 by Roni Peleg