‘The technology and the capital are available, but the market simply lacks execution capacity’
1Komma5° has acquired a majority stake in Swedish solar installation provider Cellsolar AB. This is the sixth acquisition of the recently founded Cleantech startup which wants to open the installation sector for the capital market in order to allow rapid growth.
Sonnen receives €25 milllion financing from the European Investment Bank
The EIB said supporting the battery supplier will help Europe realize its clean energy targets. The funds are earmarked for the company’s European R&D, as well as stemming ‘operational burdens’ from its growth rate. Sonnen recently made headlines by opening a factory in Australia to supply its virtual power plant in Adelaide.
