CEO comment:

Soltech's first quarter 2023 shows that total revenues in the Group amounted to SEK 683 (287.5) million, an increase of 138%. The Group's organic growth amounted to 66 (43) %. These very strong growth figures are delivered, even though we are now focusing more on achieving profitability than on growing, so it is something to be extra proud of for all colleagues. I want to thank our entrepreneurs and our almost 900 employees for great efforts during the quarter.

During four years, Soltech has grown from approx. 50 MSEK in revenue to approx. 2,000 MSEK in the past year, and we are now seeing the effects of being a Group with several billion in revenue. We are therefore continuing the work to increase synergy effects, which is a focus that will have a positive effect in all parts of the Group. Not least on the result.

FIRST QUARTER IN BRIEF

• Total revenues in the group amounted to SEK 683 (287.5) million,
an increase of 138%.

• The group's organic growth amounted to 66 (43) %.

• Adjusted EBITDA* amounted to SEK 5.8 (-33.4) million.

• Adjusted EBIT* amounted to -28.6 (-48.1) MSEK, the negative result
explained by write-offs of mainly goodwill.

The group's earnings before depreciation (EBITDA) amounted to -5.8 (-38.5)
MSEK. EBITDA has been affected by results from shares in associated companies
with -11.6 (-5.1) MSEK. The group's operating profit (EBIT) amounted to
-40.1 (-53.2) MSEK.

• The period's profit after tax amounted to -46.9 (-53.2) MSEK.

• The period's cash flow from operating activities amounted to
-45.7 (-71.2) MSEK, which is driven by growth and increased capital formation
mainly in stock.

• The period's cash flow for the group amounted to -41.5 (-80.2) MSEK.

• Earnings per share amounted to -0.35 (-0.52) SEK.

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

SIGNIFICANT EVENTS IN SUBSIDIARY COMPANIES:

• Soltech's Spanish subsidiary Sud Renovables has installed Catalonia's and the Soltech group's first floating solar energy installation. The solar panels are installed on top of a collection pond for rainwater that is used for irrigation in agriculture. The solar panels are expected to produce approximately 140,000 kWh annually.

• Soltech's subsidiary E-Mobility has commissioned one of Sweden's largest
charging stations with 15 charging places for large trucks for Gothenburg's Lastbilscentral
(GLC) in Gothenburg. All charging points have power fast charging and can handle a total of 1500 amps and 1 megawatt, which corresponds to the electricity consumption of around 100 villas.

ACQUISITION:

• Soltech has on 31 January, through the subsidiary Takbyrån in Alingsås
AB, acquired 100% of Vårgårda Solenergi AB with entry on February 1.

• Soltech has on February 2, through the subsidiary Wettergrens Tak, acquired 100% of the shares in Plåtteamet i Örnsköldsvik AB with entry on 1 February.

• Soltech has on March 6, through the subsidiary Din Takläggare i Arvika AB, acquired 100% of the electrical engineering company Arvika Elinstallationer with entry on April 3.

SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD

ACQUISITION:

• On April 3, Soltech, through the subsidiary Takorama AB, acquired 100% of the electrical engineering company Your electrical contact in Kungälv AB with entry the same day.

OTHER:

• Soltech's annual general meeting will be held on 11 May 2023 at 17.00

The quarterly report and other financial reports are available at: https://soltechenergy.com/investerare/finansiella-rapporter-kalender/

Due to an unexpectedly large number of registrations, the meeting will be held at the following place:

Finlandshuset Konferens, Snickarbacken 4, in the Sibelius hall. (130 meters from Birger Jarlsgatan 29)

Registration starts at 4:30 p.m and the annual general meeting starts at 5 p.m.

A warm welcome to the annual general meeting of Soltech Energy Sweden AB

Soltech Energy Solutions is one of the Soltech Group's operating companies within advanced energy systems, energy storage and large-scale solar energy solutions. The company is now investing heavily in helping property owners, industrial- and electricity trading companies with a financing model that facilitates investments in green energy solutions and remove obstacles that can inhibit the willingness to invest.

Energy as a service means that Soltech Energy Solutions finances, installs, and maintain the roof- or ground-mounted solar installations, which allows the property owner to focus on their core business while avoiding burdening the balance sheet with the initial investment, which Soltech takes care of.

– The concept was developed to speed up the green transition and help our customers create predictability in times characterized by unpredictability. This gives them a low electricity price over time, no start-up costs and an opportunity to sell excess energy. The combination of advantages means that Energy as a service is often equated with having a green cash cow on the roof, says Per Zetterberg, Commercial Manager Financial Services at Soltech Energy Solutions.

Strengthens the companies' resilience
Times of economic turmoil can result in in deprioritizing of investments in green energy. High electricity prices and power problems in the local power grids also create a perfect storm that is increasingly affects Swedish companies. To mitigate the effects, and in the long run avoid them completely, the energy concept aims to helping the real estate owners to weather the storm.

– We clearly feel that many businesses notice the great potential in this type of business model. The fact that, in addition to solar cells, we also can add energy storage and charging solutions behind the same grid connection creates an overall solution, and the fact that we already have over 30 MWp in the pipe shows that this concept is in demand, says Per Zetterberg.

Step by step: this is how the Energy as a service concept works:

1. Electricity trade agreement is signed
The property owner only signs an electricity trading agreement to buy the solar electricity that the solar energy solution produce. Everything from fixed contracts to contracts with moving parts based on spot price. Common to all agreements is that a long-term individual plan is always established.

2. Solar installation
The property owner "lends" his roof or land to Soltech, who then installs and maintains the solar system. The property owner does not have to bear the investment for the installation or be responsible for operation or maintenance. Even large-scale energy storage and charging park solutions can be tied together in one installation.

3. Long-term guaranteed electricity price
After the installation, the property owner does not have to worry about volatile electricity prices and power shortages in the local grid. The concept creates long-term value and predictability over the entire contract period, which is often around 20 years. After that, the facility can be transferred if there is interest.

The Dutch solar energy company 365zon was Soltech's first international acquisition, when they became part of the Group in April 2022. They are a leading company on the Dutch market and are focused on solar energy and charging solutions for private individuals and housing associations but also for member and consumer organizations for homeowners and tenant owners.

They have now won a three-year solar energy contract for the housing association Helpt Elkander, who will offer their homeowners solar energy installations in an easy way. The housing association consists of over 1 000 houses and the contract means that 365zon will install solar panels for the homeowners over the next three years. In addition, the contract also includes an option for a further three-year extension.

– We are very happy to have been given the trust to assist Helpt Elkander to make their homes more sustainable in the coming years. I also want to take the opportunity to thank all our fantastic employees who make this type of assignment possible for us to carry out, says Lars Buuts, CEO of 365zon.

– I want to express my congratulations to the entire 365zon who landed this prestigious assignment over three years, which can also be extended for another three years. This type of contract proves that the market considers 365zon to be a very credible and competent company to cooperate with, says Stefan Ölander, CEO of Soltech Energy.

Peab is currently building the Volvo Truck Center project in Bäckebol, Gothenburg. The first phase of the project is expected to be completed in 2024 and the second phase in 2025. Takorama’s mission is to add 7,700 square meters of new roof and install a 1,000 square meter roof-mounted solar solution.

The property in Bäckebol is being built by Peab, a strong voice within sustainability matters in the industry. Since the ambition has been to create a sustainable property, a roof-mounted solar energy installation was therefore an obvious choice.

– It feels great to build a facility where climate-smart choices are made. We are also happy that Takorama is helping us with both the roofing and the installation of the solar energy solution, which will produce large amounts of electricity for the property's operations and charging posts, says Johan Zahlbruckner at Peab.

Both roofing and solar
Soltech acquires and develops companies in the solar, roof, facade and electrical engineering industries. Through the Group's transformation strategy, solar energy is then added to the companies' competencies. The new order from Peab proofing Takorama's strength in being able to offer both roofing services and solar energy.

– This is a very interesting and important project for us, and i would like to thank Peab for the trust. I am proud of my employees who make this combination of businesses possible and that we are now a roofing company that, in addition to roofing also offers high-quality solar energy services, says Michael Norrby, CEO at Takorama.

The solar energy industry has had a major boom and the demand for alternative and cost-effective energy solutions has increased as a consequence of the world situation.

Soltech revenues has grown We forty-fold our revenues during the year from approx. 50 MSEK in 2018 to approx. 2,000 MSEK in 2022. We are growing and organically by a whopping 57% in the whole year, which we are very proud of.

The future looks bright, and nothing is brighter than the sun. We are a solar Group that has approx. 950 employees, operating in Sweden, the Netherlands and in Spain, almost 80,000 committed shareholders and we are thus a strong driving force in the green transition – a modern energy movement.

For complete numbers of the 2022 accounts, please refer to the attached annual report including the auditor's report.

The annual report in its entirety, together with the auditor's report, can also be read and downloaded from Soltech Energy Sweden AB's website.

Anyone wishing to order a printed annual report is welcome to do so via Info@soltechenergy.com

(The annual report will be published in English in due course)

Exercise of voting rights at meetings, the right to participate and registration

Shareholders who wish to exercise their voting right on site in the meeting room in person or via a representative must:

On the one hand, be entered in the share register kept by Euroclear Sweden AB no later than Wednesday 3 May 2023 (for nominee-registered shares, see also “Nominee- registered shares” below), and

On the one hand, they have announced their participation in the meeting no later than Monday, May 8, 2023, at the address Soltech Energy Sweden AB (publ). Annual General Meeting, Birger Jarlsgatan 41A, 111 45 Stockholm or via e-mail to stamma@soltechenergy.com. In the notification, shareholders must state their name and social security number or company and organization number. In addition, the address, telephone number, shareholding and any assistants (maximum one) must be stated.

Shareholders may appoint a proxy. Shareholders who are represented by a proxy must issue a written and updated power of attorney for the proxy. The power of attorney is valid for a maximum of one year from the date of issue, unless the power of attorney specifically states a longer period of validity, however, for a maximum of five years from the time of issue.
Authorization documents issued by a legal entity must be accompanied by authorization documents (registration certificate or equivalent). The original power of attorney and any authorization documents should be submitted to Soltech Energy Sweden AB in good time before the Annual General Meeting, however no later than 8 May 2023. Annual General Meeting, Birger Jarlsgatan 41A, 111 45 Stockholm. Proxy forms are available on the company's website, https://soltechenergy.com/investerare/bolagsstyrning/

Nominee-registered shares
To be entitled to participate in the Annual General Meeting, a shareholder whose shares are nominee-registered through a bank or other nominee must, in addition to registering at the Annual General Meeting, have the shares registered in their own name so that the shareholder is entered in the share register on 3 May 2023. Such registration may be temporary (so-called voting rights registration) and is requested from the nominee according to the nominee's routines at such time in advance as the nominee determines and in good time before Wednesday, May 3, 2023, when such registration must be completed.

Proposed agenda

1. Opening of the meeting
2. Election of chairman at the meeting
3. Establishment and approval of the ballot paper
4. Approval of the agenda
5. Selection of one or two protocol adjusters

1. Examination of whether the meeting has been duly convened
2. Speech by the CEO
3. Presentation of the annual report and auditor's report as well as the consolidated accounts and consolidated auditor's report for the financial year 2022.
4. Decision:
   1. Adoption of the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet.
   2. Appropriations regarding the Company's earnings in accordance with the approved balance sheet.
   3. Discharge of liability for the board members and the CEO.
5. Determination of the number of board members
6. Decision on remuneration to the Board
7. Determination of auditors' fees
8. Election of board
9. Election of Chairman of the Board
10. Election of auditor
11. Resolution on nomination committee principles
12. Resolution on amendment of the Articles of Association
13. Resolution authorizing the Board of Directors to issue shares, convertibles and warrants
14. The board’s proposal for a resolution to adopt an incentive program 2023 and issuance of warrants
15. Any other decisions
16. Closing of the meeting

Proposition for resolution

Item 2 – Election of chairman of the meeting
The Board of Directors proposes that Göran Starkebo be elected Chairman of the Meeting.

Item 9 (ii) – Outline of the Company's earnings
The Board of Directors proposes that no dividend be paid to the shareholders, and that amounts available to the Annual General Meeting be transferred to a new account.

Item 10 – Determination of the number of board members
The Nomination Committee proposes that the number of board members to be elected by the AGM be six without deputies.

Items 11–12 – Determination of board fees and auditors' fees
The Nomination Committee proposes that a board fee of SEK 600,000 be paid to the Chairman of the Board and that a board fee of SEK 300,000 be paid to each of the other members of the Board. If the board establishes a committee, the fee to a member shall be SEK 40,000 per person and committee. The chairman of the committee shall receive a fee of SEK 60,000. However, a board member who is reimbursed by the Company due to employment shall not receive a fee, either in the parent company or in subsidiaries.

It is proposed to the auditor that fees be paid according to an approved invoice.

Item 13-14 – Election of board and chairman of the board
The Nomination Committee proposes the following persons to Board members and Chairman of the Board for the period until the next Annual General Meeting:

Board members

1. Mats Holmfeldt (re-election)
2. Vivianne Holm (re-election)
3. Hellen Wohlin Lidgard (re-election)
4. Göran Starkebo (re-election)
5. Johan Thiel (re-election)
6. Stefan Ölander (re-election)

Chairman of the Board

a) Mats Holmfeldt (re-election)

The Nomination Committee's proposal for board members is considered to possess the competence required to contribute to the company's expansion in a good and constructive manner. The Nomination Committee proposes Mats Holmfeldt as Chairman and is considered by the Nomination Committee to have the right competence for the assignment as Chairman of the company.

Information on all proposed board members is available at www.soltechenergy.com/investor/corporate governance/

Item 15 – Election of auditor
The Nomination Committee proposes that the Annual General Meeting, for the period until the end of the next Annual General Meeting, re-elect PricewaterhouseCoopers i Sverige AB (PWC) as the Company's auditor. PWC has announced that in the event that PWC is elected, PWC will appoint Claes Sjödin as the principal auditor.

Item 16 – Decide nomination committee principles
The Nomination Committee is appointed by the Chairman of the Board contacting at least three of the largest shareholders in the Company in terms of votes as of September 30, 2023, who (if they so wish) may each appoint a representative to constitute the Company's Nomination Committee. If any of the three largest shareholders waives their right to appoint a member to the Nomination Committee, such right shall pass to the next shareholder in the order of magnitude, who has not already been offered the opportunity to appoint a member of the Nomination Committee.

It is up to the nomination committee to appoint its chairman.

The Nomination Committee shall otherwise follow the principles in the Swedish Code of Corporate Governance.

Item 17 – Resolution on amendment of the Articles of Association
The Board of Directors proposes that the Annual General Meeting resolves to amend the Articles of Association. This is in order to provide opportunities for the Board to act quickly when there is a need to issue new shares either for company acquisitions or issue procedures. The Board proposes the following:

• The limits for the company's share capital (§ 4 of the Articles of Association) change from the lowest SEK 3,000,000 and a maximum of SEK 7,500,000 to a minimum of SEK 4,000,000 and a maximum SEK 10,000,000.
• The limits for the company's number of shares (§ 5 of the Articles of Association) are changed from a minimum of 60,000,000 and a maximum of 150,000,000 to a minimum of 80,000,000 and a maximum of 200,000,000.

The Board of Directors proposes that the Articles of Association (§9 of the Articles of Association) be amended as follows:

• Previous wording:

In order to participate in the General Meeting, shareholders must be listed as shareholders in a printout or other presentation of the share register relating to the circumstances five (5) working days prior to the General Meeting and must notify the Company no later than 12.00 noon on the day stated in the notice convening the Meeting. This day may not be a Sunday, public holiday, Saturday, Midsummer's Eve, Christmas Eve or New Year's Eve and may not fall earlier than the fifth weekday before the general meeting. Shareholders may be accompanied by one or two assistants at a general meeting, but only if the shareholder has notified this in accordance with the preceding paragraph.

• New wording:

Item 18 – Resolution authorizing the Board of Directors to decide on a new issue of shares and the issue of warrants and convertibles.
The Board proposes that the Annual General Meeting resolves to authorize the Board to, until one or more occasions, decide on a new issue of shares and / or issue of convertibles and / or warrants until the next Annual General Meeting, even with deviation from the shareholders' preferential rights. The shares, convertibles and / or warrants must be able to be subscribed for against cash payment or against payment by set-off, by contributing in kind, or otherwise with conditions. The authorization is limited to the number of shares in the case of a new issue or in the issue of warrants and convertibles, the number of warrants and convertible debentures that may involve issuance or conversion to the corresponding number of shares, calculated at the time of issue of such warrants or convertibles. on number of shares.

Item 19 – The board’s proposal for a resolution to adopt an incentive program 2023 and issuance of warrants

Item 19 (a) – Proposal for resolution to adopt LTI 2023 and transfer of warrants to participants in the program

• Adoption of LTI 2023 entails a transfer of warrants to employees. The warrants have a vesting period of at least 3 (3) years, whereafter the participant has the right to exercise the warrants for subscription of shares in The Company during a two-month

(2) period.

• Therefore, the Board proposes that the Annual General Meeting decides upon transferring a maximum of total 3 250 000 warrants of series 2023/2026 and series 2023/2027. The right to subscribe for warrants shall only accrue to a subsidiary wholly owned by the company, which can transfer the warrants to Soltech employees. Each warrant entitles the holder to subscribe for one (1) new share in The Company. The warrants shall be issued free of charge to the subsidiary.

• The Company will transfer warrants to participants at market value (i.e., the warrant premium). The warrants may be transferred to participants, current or new employees, on one or more occasions as from 30 may2023 up to and including 30 July 2023, or from 1st November 2023 up to and including 1st January 2024.

• Each warrant entitles the warrant holder to, during the period from 1st June 2026 up to and including 1st August 2026 (for warrants in series 2023/2026) or from 1st December 2026 up to and including 1st February 2027 (for warrants in series 2023/2027), subscribe for one (1) new share in The Company at a subscription price corresponding to 130 percent of the average volume-weighted price paid for Soltech’s shares on Nasdaq First North Growth Market 10 business days starting from the 12th of May 2023.

• With deviation from the shareholders' preferential rights, the issued warrants shall be subscribed for by a wholly owned subsidiary of the company, after which this company shall offer the warrants to the participants. The warrants shall be transferred at a price corresponding to the market value of the warrants at the time of the transfer, which shall be calculated according to Black & Scholes' valuation model. The valuation of the warrants shall be performed by an independent valuation institute or accounting firm. In connection with the transfer of warrants to the participants, the company shall reserve the right to repurchase warrants if the participant's employment or assignment in the company ends or if the participant wishes to transfer the warrants further.

• Transfer of warrants, in accordance with the above proposal, is only to be made to the extent that the total number of warrants does not exceed 3 250 000 warrants.

• Prerequisites for being entitled to acquire warrants are (i) that the participant at the time of the acquisition has neither given notice or received notice of termination of his/her employment (ii) that acquisition of warrants can take place in accordance with applicable laws and, according to the Board of Directors’ assessment, can be executed with reasonable administrative costs and financial efforts, and (iii) that the participant and/or, in applicable cases, the participant’s company has entered into a pre-emption agreement with the Company, according to which the Company, or the

one the Company assigns, inter alia has the right to repurchase the warrants from the participant if the participant’s employment ceases and in some other situations The Board of Directors has the right to make the reasonable changes and adjustments to the terms and conditions of the agreement that are deemed suitable or appropriate because of local employment law or tax law or administrative conditions.

• According to the full terms and conditions for the warrants the subscription price and the number of shares which each warrant confers right to subscribe for may be recalculated in the event of a bonus issue, reverse share split or share split, new issue, issue of warrants or convertibles and under some other circumstances. Further, the period for exercising the warrants may change to an earlier or later period/date under some circumstances.

• Some deviations in or adjustments of the terms of LTI 2023 may be made due to local rules and existing market practices or market conditions, including cash settlement instead of transferring warrants to the participants under certain conditions.

• The Board, or anyone appointed by the Board, shall be authorized to make such minor formal adjustments in the issue resolution that may be required for registration with the Swedish Companies Registration Office (Sw. Bolagsverket) or Euroclear Sweden AB.

Allocation

The right to subscribe for warrants shall only accrue to participants that have enter into agreement on pre-emptions rights with The Company and transferring subsidiary. The participants are divided into different categories based on their respective roles within Soltech. The distribution of warrants is shown below.

• Category A – CEO, may acquire no more than 520 000 warrants,

• Category B – Management, consisting of 6 persons (excluding the CEO), may together acquire a maximum of 1 625 000 warrants, whereby each participant can be offered to acquire a maximum of 422 500 warrants,

• Category C – Other employees, consisting of 18 persons, may together acquire a maximum of 1 105 000 warrants, whereby each participant can be offered to acquire a maximum of 97 500 warrants.

Costs and strike price

Employees’ acquisition of the warrants shall be at a price corresponding to the warrants’ market value at the time of transfer, hence there will be no social costs for The Company in relation to the issuance and transferring of warrants. The warrant premium shall be calculated according Black & Scholes valuation model at time of issue. The exercise price shall be calculated as 130 percent of the volume-weighted average price paid for Soltech’s shares on Nasdaq First North Growth Market 10 business days starting the 12th of May 2023. The warrant premium shall be determined by an independent valuation institute.

Effects on Key Figures

Soltech does not have any other costs for LTI 2023 besides costs regarding external advisors etc. in connection to the preparation of the proposal documents and resolution of issuance of warrants.

Dilution of Outstanding Shares and Votes

Based on the current number of shares and votes respectively in the company, LTI 2023 will bring on, given subscription of all 3 250 000 warrants, a dilution of c. 2.5 percent of the total amount of outstanding shares and votes in the company.

Background and Motivation

The aim of the proposal is to enable the company to maintain and increase the motivation of strategically important employees Soltech to a greater extent.

Preparation of the Proposal

LTI 2023 has according to guidelines from the Board been developed by external advisors as well as the board of directors during the spring of 2023 and during the board meeting on 22 of February 2023.

Majority Requirements

Adoption of LTI 2023 requires that at least nine tenths of both the votes cast and the votes represented at the Annual General Meeting are in favor of the proposal.

Item 19 (b) – Proposal for resolution of issuance of warrants

The Board proposes that the Company shall issue no more than 3 250 000 warrants for subscription of new shares, of which 2 730 000 warrants of series 2023/2026 and 520 000 warrants of series 2023/2027. Thereof, the company’s share capital can be raised with no more than 2.5 percent of the total share capital and total number of shares in The Company.

Item 20 – Other decisions
No other decisions

Item 21 – Closing of the Meeting Provision of documents

Annual report documents and the auditor's report as well as the Board's complete proposal as above will be kept available at the Company's offices for at least three weeks before the meeting and sent free of charge to shareholders who have notified that they wish to receive such information from the Company. All documents will also be available at the same time on the Company's website, https://soltechenergy.com/investerare/bolagsstyrning/.

Information on the number of shares and votes and on the holding of own shares The total number of shares and votes in the company at the time of this notice was
130,762,675. All issued shares have equal voting rights. The company does not hold any own shares.

Majority requirements
Resolutions pursuant to items 16 and 17 above are valid only if they have been supported by shareholders with two thirds of both the votes cast and the shares represented at the meeting.

Shareholders' right to request information
The Board of Directors and the CEO shall, if any of the shareholders so request and the Board considers that this can be done without significant damage to the company, provide the Annual General Meeting with information on circumstances that may affect the assessment of a matter on the agenda and circumstances that may affect the assessment of the company's financial situation. The disclosure obligation also refers to the company's relationship with another group company and the consolidated accounts, as well as such matters regarding subsidiaries as are referred to in the first paragraph.

Stockholm April 2023 Soltech Energy Sweden AB (publ)
The Board of directors

Soltech Energy Solutions is the Soltech Group's operating company within advanced energy systems, energy storage and large-scale solar energy solutions. The company has previously installed and developed several solar energy solutions together with Nybro Energi as part of a strategic solar energy collaboration. A collaboration that is now being extended when the company builds a large-scale battery park for Nybro Energi.

The battery park will be installed in Nybro and connected to the regional grid. The capacity of a 12 MW makes the battery park one of Sweden's largest of its kind. The battery complements the energy company's existing battery, which consists of a 5 MW battery, currently commissioned at their cogeneration plant. Håkan Dahlgren, CEO of Nybro Energi, sees the investment in a large-scale battery solution as an important step in their work for developing the electricity grid of the future.

– We are among the first energy companies in Sweden to invest in a large-scale battery storage of this kind. We see there is a market for these solutions and there will be a need to store energy and to stabilize the grid, when we are getting more and more renewable sources, says Håkan Dahlgren, CEO of Nybro Energi.

Balance between electricity production and consumption
As electricity production from volatile energy sources such as solar and wind increases, the electricity grid needs to be balanced. To do so, investments in battery storage are required for creating a necessary balance between electricity production and electricity consumption.

– We are very happy to help Nybro Energi with a tech solution that stabilizes the regional electricity grid. The battery storage will contribute with frequency services, cost optimization and will cut the power peaks that the increased electrification brings. This is a scalable future investment that will create great benefits onwards, says Rickard Lantz, Business Development Manager, Soltech Energy Solutions.

Soltech Energy acquires and develops companies in the solar, roof, facade, and electrical engineering industries. The Group also makes additional acquisitions to develop and strengthen existing subsidiaries.

The Group is now carrying out another strategic additional acquisition. The electrical engineering company Din Elkontakt will become part of the Ljungskile-based company Takorama, which has been a Soltech company since 2020. Takorama will now become a full-service company with a complete offering in roofing, solar and electrical technology.

– Takorama is one of all our roofing companies that has successfully transformed into a solar roof company. Therefore, it feels great to help them with an additional acquisition of a very competent electrical engineering company that will create great value. I would like to warmly welcome Mikael Johansson and the other employees at Din Elkontakt to the Soltech Group, says Stefan Ölander, CEO of Soltech Energy.

Strengthens assembly capacity and solar energy competencies
Din Elkontakt was founded in 2011 and operates in the Gothenburg region. Through their brand called Yes, they offer services in, among other things, advanced electrical installation, energy storage, electric car charging and solar energy. The Yes brand becomes part of Takorama.

– We are very happy that Soltech is helping us acquire Din Elkontakt. It’s a well-run company with which we have previously had a close collaboration with. Now we can take further steps towards our goal of offering a complete facility and be able to help even more customers with solar energy solutions, energy storage and electric car charging, says Michael Norrby, CEO at Takorama.

The Spanish solar energy company Sud Renovables became Soltech's second European acquisition when they became part of the Group in 2022. The company with approximately 150 employees is active in solar energy and storage solutions. Often, the projects consist of large-scale solar facades, roof-mounted solar energy solutions and parks and with this project, now also floating solar installations.

Sud Renovables has designed and installed Catalonia's, and the Soltech Group's, first floating solar energy solution on top of a rainwater reservoir in Tarragona. The project has been carried out for Atens, a company that has a long history of developing biotechnological solutions for the agricultural sector.

Although this is Sud Renovables first on water installation, CEO Manel Romero sees that this type of solution will grow in number in the future and the company has already started the next on water project.

– We clearly see that this type of solutions will increase in the region as we have many reservoirs like this one. The floating solar panels also reduce water evaporation and the water in turn helps to cool the solar panels which increases their efficiency by 10-15 percent. Floating solar energy installations are therefore advantageous from several perspectives, says Manel Romero, CEO of Sud Renovables.