Photon Energy Group Publishes 2024 Annual Report Consolidated revenues increased by 27.3% year-on-year, reaching EUR 89.9 million, driven by robust performance across all business lines. EBITDA more than doubled, rising to EUR 7.8 million. This growth was primarily attributable to the Engineering business, which saw a substantial revenue increase [ … ]

Photon Energy Announces Third Investment in RayGen to Accelerate Global Technology Deployment   Photon Energy joins existing and new investors in RayGen’s Series D investment round, one of the largest clean technology capital raises in Australian history. In April 2020, Photon Energy entered a strategic partnership with – and announced its initia [ … ]

Photon Energy Secures Additional Capacity Market Contracts for 139 MW in Poland, Locking in Revenues of EUR 12.5 Million for 2026   Photon Energy remains the third-largest demand-side-flexibility aggregator in the Polish capacity market, reinforcing its leadership position The Company secured a total of 196.2 MW for 2026, including 139.2 MW in t [ … ]

Photon Energy Commissions Three Solar PV Power Plants in Hungary   The new solar PV power plants, with a total capacity of 5.1 MWp, have commenced operations in Tolna, Hungary, set to operate under a merchant model Photon Energy’s proprietary portfolio of PV power plants in Hungary has now reached a total capacity of 57.5 MWp, increasing the Comp [ … ]

Photon Energy Secures Contract with Greenvolt Group to Provide Solar Asset Management in Hungary   Photon Energy has been contracted to manage Greenvolt Group’s 57 MWp Királyegyháza solar photovoltaic (PV) power plant in the Szentlőrinc district. The full asset management contract includes contract management, owner representation, reporting, pro [ … ]

Photon Energy Group Reports 26.3% Revenue Growth and Over Twofold Increase in EBITDA in 2024   In 2024, the Company achieved consolidated sales revenue of EUR 89.229 million (+26.3% YoY). EBITDA for the year amounted to EUR 8.726 million (+135.5% YoY). The net loss for the period stood at EUR 13.604 million, compared to a net loss of EUR 15.750 mi [ … ]

Photon Energy Signs Asset Management Agreement for 101 MWp EDPR PV Power Plants in Hungary   Amsterdam/Budapest – 3 February 2025 – Photon Energy N.V. (WSE: PEN, “Photon Energy Group”, the “Group” or the “Company”) announces that its Hungarian subsidiary Photon Energy Operations HU Kft has signed an asset management agreement for two PV power pla [ … ]

Photon Energy Expands in South Africa with 250 MW Solar Hydro Project, Deploying Innovative RayGen Technology   The project has received favorable grid connection terms and once operational, the facility is set up to play a significant role in improving South Africa’s energy stability. Located in Winterton, KwaZulu-Natal, the project is making s [ … ]