Solarnative GmbH examines financing options and considers issuing a corporate bond
EQS-News: Solarnative GmbH
/ Key word(s): Financing
Press Release, 7 March 2024
Solarnative GmbH examines financing options and considers issuing a corporate bond
Solarnative GmbH, developer and producer of the innovative "PowerStick" micro-inverter based on its patented high-frequency technology, intends to accelerate its growth and diversify its capital structure by adding another financing component. To this end, the management is considering the issuance of a high-yield corporate bond, which would complement previous equity capital increases totalling over EUR 18 million. Inverters convert the DC electricity of photovoltaic (PV) systems into AC electricity. So-called micro-inverters control each PV panel individually. According to Energia Market Research, the market for micro-inverters is growing at an annual rate of 17% to reach a global volume of EUR 5.7 billion in 2026. The main drivers for the increasing global demand for high-performance micro-inverters are the ongoing energy transition and the rising global electricity consumption. Micro-inverters have many advantages over the string inverters that have dominated residential PV systems in Europe to date, including improved roof area utilisation and electricity yield, and greater safety. In the US, micro-inverters with individual control dominate the roof-top market due to fire safety concerns, and string inverters have to be supplemented by automatic shut-down electronics on module level. Solarnative launched its balcony power plant solution at the turn of the year, offering private households a simple and safe option for the private energy transition. The market launch of the complete system for private rooftop systems is planned for the middle of the year. “Thanks to our unique, patented high-frequency technology, we have developed the ‘PowerStick’, a micro-inverter that is not only significantly smaller and easier to install, but also has a much longer product life. With the planned additional financing, we intend to capitalise on our technological lead and significantly accelerate our pace of development in the German market, before gradually expanding into other European countries,” explains Julian Mattheis, CEO of Solarnative. Partnerships with well-known companies in the industry underline the strong appeal of Solarnative's technological solutions. Solarnative expects to announce further details shortly.
About Solarnative Solarnative is a German GreenTech company headquartered in Kriftel near Frankfurt am Main. The modular plug & play system was developed to simplify the planning and installation of PV systems while maximising yield and safety. Founded in 2019 by Henk Oldenkamp (CTO) and Julian Mattheis (CEO), the company currently employs around 160 people at three locations in Hesse, Germany. Solarnative was honoured with an award from Infineon in 2022 for its innovation of the world's smallest and fastest inverter.
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07.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Solarnative GmbH |
Am Holzweg 26 | |
65830 Kriftel | |
Germany | |
E-mail: | info@solarnative.com |
Internet: | www.solarnative.com |
EQS News ID: | 1853475 |
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1853475 07.03.2024 CET/CEST