Saule Technologies Receives an Investment of 10 Million Euro from Columbus Energy

Columbus Energy, a leading provider of services in the modern energy market in Poland, invested 10 million euro in Saule Technologies and acquired 20% of the company’s shares. 

The collaboration between Saule Technologies and Columbus Energy was announced on the 3rd of September during an official press conference during the European Economic Congress in Katowice. 

What will the investment bring for the future of Saule Technologies? 

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. 

Besides the funding of the current activities, collaboration with Columbus Energy will be crucial from the strategic perspective. Columbus Energy S.A. is currently the largest service provider on the market of photovoltaic installations in Poland and can accelerate introducing perovskite solar solutions from Saule to the consumer market.

– Columbus Energy, as a Polish company with Polish capital, wants to invest in Polish technologies that can revolutionize the world – says Dawid Zieliński, CEO of Columbus Energy S.A.

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.

The future looks exciting for Saule Technologies!