Borlänge-based E-Mobility is the Soltech Group’s company with specialist expertise in large-scale installations for electric car charging and high-efficiency charging infrastructure. Since the company was founded, they have designed, installed and maintained thousands of charging points across large parts of southern and central Sweden. Their new project will be carried out in Nacka, just outside Stockholm. The deal covers the design, installation and operation of at least 100 charging points for the real estate company Elisby Fastigheter, who also chose E-Mobility as a supplier for the operation and maintenance of the installations. Construction will start in April.

– It feels great to be entrusted with carrying out a new charging infrastructure project for a real estate company that focuses on sustainability. Now we are helping them adapt their parking spaces to the new EU requirements for charging infrastructure, says Maja Pettersson, Key Account Manager at E-Mobility.

New EU rules from 2025 – expected to be further tightened in 2027
At the turn of the year, a new EU directive came into force, requiring commercial properties, such as shopping centers and sports halls, with 20 parking spaces or more to offer at least one charging point. The basis for the new requirements is the EU Energy Performance of Buildings Directive (EPBD). However, the EU’s ambition to expand the charging infrastructure in the Union does not stop there. As early as 2027, EU regulations are expected to be further tightened to require at least one charging point for every tenth parking space.

– The new EU rules are beneficial and will make it easier to be an electric car user in Sweden. However, we have noticed that many property owners are not aware of the new regulations or what is expected of them. Therefore, we would like to offer some advice on what to consider when adapting your parking spaces to current requirements, while also future-proofing them to meet even stricter regulations, says Martin Götesson, CEO of E-Mobility.

Important things to consider as a property owner – and to avoid pitfalls:

• Map both parking spaces and electrical systems
  Start by taking stock of your electrical system and your parking spaces. Check whether your electrical installations can handle the extra load that charging posts entail or if reinforcements are needed. Thorough planning and a careful selection of services reduce the risk of problems later on and can also ensure hassle-free ownership, including operation, monitoring, and individual billing.
• Future-proof
  The new requirements have just come into force, but in 2027 the requirements will be tightened, as one charging point must be available for every tenth parking space, and 50 percent of the spaces must be prepared for charging. By planning for future needs, you can avoid unnecessary costs for remodeling later on.
• Use financial support
  Apply for a grant via, for example, Klimatklivet, which can cover up to 50 percent of the costs of installation and materials.

Avoid pitfalls such as:

• Deficient analysis
  Make sure to carefully analyze your electrical system before installation. If the electrical system cannot cope with the increased load, it can lead to expensive upgrades later.
• Installing minimum requirements
  Installing only at the minimum level can lead to future renovations and costs as requirements become stricter over time. Think long-term to avoid this.
• Starting too late
  It is wise to start planning immediately, the new requirements are already in place. If excavation work is required, it can be significantly more difficult to carry it out during the winter when it is cold or the ground is frozen. Being proactive can save both time and money in the long run.

Read more about E-Mobility:
https://kalemaemobility.se/

Sweden is facing a capacity shortage where electricity is not enough to meet the growing need, especially in the transport sector and in industrial transition. By storing surplus energy from renewable sources such as solar and wind, large-scale battery parks can release this energy when needed. This helps to balance demand and reduce the load on the electricity grid, helping to reduce energy costs and increase the reliability of the energy supply. Battery parks therefore play a crucial role in stabilizing the electricity grid and improving the efficiency of the energy system.

Over the past two years, Soltech Energy Solutions has aimed to install 150 MWh of battery parks for its customers. A milestone that has now been reached. The company has thereby consolidated its position as one of the market-leading players in large-scale battery parks in Sweden and the Nordic region.

– We are proud to have reached 150 MWh of installed capacity and for our growing market share. This is proof that we have built a brilliant team that in a short time has delivered large amounts of technically complex and large-scale energy storage projects. I am very proud that the battery team at Soltech Energy Solutions creates great value for our customers every day, says Christoffer Caesar, CEO of Soltech Energy Solutions.

Several tech solutions in combination
The battery projects are carried out for a number of different customers and, in addition to the batteries themselves, often include smart control, integration with various arbitrage and subsequent operation and maintenance. Customers are found in various industries, including transport and logistics companies, other solar energy companies, but often also municipal energy companies.

– Although we are now passing a milestone, we are aiming even higher. Our power system is facing a challenging transition that is increasing the demand for new technology, new services and commercial models, something that Svenska kraftnät also highlighted in its latest report. As an industry leader, we must therefore continue to revolutionize the energy landscape in collaboration with Huawei and other suppliers, facilitate the energy transition and stabilize the grid, concludes Christoffer Caesar.

The battery park in Hylte will enable Hylte Paper to streamline the use of its self-produced green electricity. The battery park and related services also help reduce power peaks and provide support services to the regional electricity grid.

– We are very pleased to have completed one of Sweden’s largest battery parks together with Hylte Paper. The energy collaboration shows how technology and sustainability ambitions can work together to strengthen the industry’s green energy supply and at the same time support the electricity grid. The team led by project manager Anders has made an outstanding effort, which has enabled us to deliver this installation before the scheduled delivery time, says Rickard Lantz, Business Development Manager, Soltech Energy Solutions.

Hylte Paper, part of the Sweden Timber Group, manufactures sustainable paper products and already has a biomass boiler that contributes with green base power to the electricity grid. Through this project, they further strengthen their position in the green transition.

In recent years, Soltech Energy Solutions has established itself as a market leader in large-scale battery parks and energy storage. An area that is growing in importance for harmonising the important balance between electricity production and consumption and for meeting increased power demands. Large-scale battery parks also help to smooth out price fluctuations and can thus quickly prevent volatility and stabilise electricity prices.

The companys has now commissioned another battery park. The installation in Falun has an output of 12 MWh and has been designed and built during the year for the municipal energy company Falu Energi & Vatten. Thus, the battery park is ready to support Falun’s local electricity grid and the energy company’s customers. The installation will also be connected to Svenska kraftnät’s support service market for further optimisation. Going forward, Soltech will assist with the operation and maintenance of the battery park.

– We are very pleased to have commissioned the battery park, which will directly create benefits for the energy company and will strengthen the local electricity grid. We would also like to thank Falu Energi & Vatten for a great collaboration throughout the process. This installation is further proof that we can create great value for our customers through our expertise in large-scale and technically complex battery parks, says Zen Dinha, Business Engineer at Soltech Energy Solutions.

– This is an important investment for both us and our customers. The battery makes the local grid stronger and helps us meet the future need for flexibility in the energy system, says Markus Åkerberg, Head of Electricity Networks, City Networks and Energy Services at Falu Energi & Vatten.

In October, Soltech Energy launched the Soltech Home concept. The concept integrates solar panels, energy storage, electric car charging, support services, smart control and customer service. Together, a tailor-made package is created for households that want to future-proof their energy use and streamline their energy optimization.

As part of the work going forward, Soltech is now entering into a strategic partnership with inverter manufacturer Solis and energy optimizer company Enequi. This partnership has the ambition to set a new standard for sustainable energy solutions for private individuals and farmers in Sweden.

– We have carefully evaluated the market and chosen to collaborate with the best technical solutions for our customers. Through Enequi’s AI technology, Solis’ state-of-the-art inverters and our expertise in consulting, installation and support, a market-leading customer offering is created. We are therefore looking forward to this strategic partnership, says Patrik Hahne, CEO of Soltech Energy.

Advanced technology and energy optimization with AI
Solis, a global leader in inverter manufacturing, will contribute its technology to provide Soltech Home customers with access to the latest in flexible and efficient hybrid systems.

– As one of the world’s largest manufacturers of inverters, we have a great responsibility to meet climate goals, and sustainability must be economically viable for both the planet and households. When Soltech presented the idea of a complete energy concept that makes energy use both smarter and more cost-effective, we immediately saw the potential and we want to be part of a solution that is both good for the environment and for homeowners, says Peter Mårtensson Florea, Regional Sales Manager Nordics at Solis.

To further optimize the Soltech Home system, Enequi’s AI solutions will help homeowners and farmers maximize energy efficiency and reduce electricity costs in a smart and automated way.

– Our collaboration with Soltech and the integration of Solis inverters as one of our compatible brands marks an important step in our strategy for both national and international expansion. This partnership opens up many new opportunities, and we look forward to continuing to develop and refine solutions that deliver real benefits to customers, says Mikael Lindgren, CEO of Enequi.

Takorama has been part of Soltech since 2020 and has since broadened its offering to offer solar energy solutions in addition to roof contracting. In 2023, the company made an add-on acquisition of the electrical engineering company Din Elkontakt, changed its name to Takorama Elteknik, and developed the business into a full-service company with a complete comprehensive offering in roofing, solar energy, energy storage and electrical engineering. An investment that has broadened the offer and created new business opportunities.

The company has now received renewed confidence from Catena. The new assignments will be carried out at Catena’s properties in Borås. In addition to solar energy, energy storage and accompanying electrical engineering work, the roof replacement will largely be carried out with a circular waterproofing layer with a frame of recycled material. Work is scheduled to begin in Q1 2025 and the installations are expected to be completed and commissioned in Q2 2025.

– It feels great that we are deepening our collaboration with Catena further. This deal also shows that our focus on overall solutions is paying off. The fact that we take care of everything from solar, roofs, energy storage, electrical engineering services and subsequent service and maintenance creates a long-term security for the customer that we are very happy to be able to offer, says Pierre Sahlin, Head of Solar Energy at Takorama Elteknik.

– We look forward to working with Takorama Elteknik on these properties, the efforts are in line with Catena’s efforts to continuously refine our property portfolio to ensure quality and long-term sustainable solutions that meet both today’s and tomorrow’s needs, says Jonas Arvidsson, Regional Manager at Catena.

Soltech Energy Solutions is one of the Soltech Group’s companies within tech solutions such as advanced energy systems, energy storage and large-scale solar energy solutions. In recent years, the company has established itself as a market leader in large-scale battery parks.
They have now been commissioned to build another large battery park for CA Batteribalans, a subsidiary in the CA Group.

The battery park will operate in the ancillary services market, which is a rapidly growing part of the energy sector, driven by the need to manage the transition to renewable energy and maintain the stability of the electricity grid. Something that is needed as weather-dependent and volatile power sources such as solar and wind increase. These types of power can also be a challenge for grid owners as they do not offer support services that the planned production facilities normally offer. Energy storage in the form of large-scale batteries is therefore becoming an increasingly important complement to the electricity system.

– It feels great to help CA Batteribalans with a large-scale tech solution in the form of a battery storage of 28 MWh that, in addition to balancing the electricity grid, will also be active in various markets such as the day ahead and intra day markets. The battery park will also be further proof of our position as a market leader in large-scale energy storage in Sweden, says Rickard Lantz, Business Development Manager at Soltech Energy Solutions.

Together with its customers, Soltech Energy Solutions has now built battery parks with a combined capacity of over 150 MWh.

CEO comment:

In Sweden, we see how the challenges of an undersized electricity grid are becoming increasingly apparent, with effect problems and higher grid tariffs as a result. This is something that contributes to strengthen our offering in energy storage. In these deals, our width and expertise are crucial, and I am proud of our ability to both deliver technically advanced overall solutions and carry out large-scale projects.

It is gratifying that in the quarter, despite challenging market conditions, we see a positive development in the demand in the solar business segment in Sweden compared to the second quarter of the year.

Through a continued strong focus on energy solutions, renovation and repair work, maintenance and service, we have, despite a weak construction industry, maintained relatively stable volumes in the quarter.

Despite the market challenges, I am positive about the future, where solar energy and Soltech’s solutions to the energy transition create great opportunities over time. Upcoming EU requirements for solar and increased charging infrastructure are also expected to have a long-term positive impact on the solar industry. At the beginning of the third quarter, the Swedish Tax Agency also changed its previous interpretation and now approves subsidies for home batteries, which support both households’ energy needs and the power grid.

During the third quarter, uncertainty remained about the changed conditions for solar energy in the Dutch market, which means, among other things, that an additional fee is charged by some network owners for solar energy fed into the electricity grid. In Spain, lengthy permit processes have meant that projects during the period have been delayed.

The work of continuously sharpening our processes and streamlining our organization and offering continues, while we have a strong focus on costs. During the quarter, we adapted both the organization and the offering to current market conditions, and we have both merged operations and implemented organizational downsizing. However, our cost savings have not yet had full effect in the quarter. We are continuously working to streamline operations and processes through, among other things, increased collaboration and knowledge transfer between the companies in order to better benefit from our breadth.

With a focus on quality and technology, we sharpen our overall offerings and our technologically advanced solutions contribute to improved profitability both for ourselves and for our customers. We also see that our customers are increasingly demanding a long-term partner that offers just that. With our breadth, expertise and focus on offering complete solutions, we are in a strong position to meet that demand.

An example of this is the development of our concept for the consumer market, Soltech Home, which was launched at the beginning of the fourth quarter. The solution for Soltech Home offers a complete solution that combines solar, electric car charging and energy storage in combination with support services, power optimization, electricity subscriptions, etc. All gathered in a common platform (Soltech Home App) that is optimized with the support of AI. This enables the customer to get maximum value from their investment and the solution via Soltech Home.

In terms of large-scale projects, the development of the project portfolio consisting of large-scale solar parks and battery projects has progressed. During the quarter, the Ramsjöholm solar park, of 11 MW, was commissioned and in line with the strategy, the solar park was divested at the beginning of November.

During the autumn, I have visited many of our companies and a number of successful customer projects. I feel very proud of how our entrepreneurs and employees solve our customers’ challenges on a daily basis in all our technical areas: roofing, electrical engineering, façade and solar. Our broad business base in several industries and customer segments creates both new business opportunities and stability. Our decentralized operations also allow us to adapt to regional market conditions, and make quick business decisions close to our customers.

In the short term, the market remains challenging. We are a long-term full-service supplier with market-leading expertise and a stable and well-diversified business base. This platform will be valuable when the green transition is gaining momentum again.

Patrik Hahne, CEO

QUARTER 3: 1 JULY – 30 SEPTEMBER

• Net sales amounted to SEK 608.3 (741.0) million
• The Group’s organic growth amounted to -18% (38%)
• EBITDA amounted to SEK 86.1 (32.8) million. EBITDA margin was 14.2% (4.4%)
• EBITA amounted to SEK 70.4 (18.9) million. EBITA margin amounted to 11.6% (2.6%)
• Profit after tax for the period in the quarter amounted to SEK -34.6 (-1.3) million
• Cash flow from operating activities amounted to SEK -73.1 (-100.5) million. Cash flow for the period in the quarter amounted to SEK -81.9 (-114.3) million
• Earnings per share before and after dilution amounted to SEK -0.26 (-0.01)

INTERIM PERIOD: 1 JANUARY – 30 SEPTEMBER

• Net sales amounted to SEK 1,741.6 (2,163.8) million
• The Group’s organic growth amounted to -20% (41%)
• EBITDA amounted to SEK 135.6 (71.8) million. EBITDA margin was 7.8% (3.3%)
• EBITA amounted to SEK 89.6 (34.1) million. EBITA margin was 5.1% (1.6%)
• Profit after tax for the period amounted to SEK -60.6 (-45.6) million
• Cash flow from operating activities amounted to SEK -9.1 (-100.2) million. Cash flow for the period amounted to SEK -105.0 (-113.3) million
• Earnings per share before and after dilution amounted to SEK -0.46 (-0.34)

SIGNIFICANT EVENTS DURING THE QUARTER

• Soltech commissioned Solpark Ramsjöholm of about 140,000 sqm. The installed capacity is 11 MW and the solar panels are expected to produce 11 GWh of electricity annually, which corresponds to the annual household electricity consumption of approximately 2,200 houses

SIGNIFICANT EVENTS AFTER THE PERIOD

• Soltech Energy launched the Soltech Home concept, solar energy solutions that enable optimization of energy production, energy use and reduced energy costs for private individuals and farmers

• The Soltech company E-Mobility has developed and installed Stockholm’s first mobile fast charger for electric boats. The charger has an output of 200 kW

• Soltech has divested Solpark Ramsjöholm of 11 MW to Alight. Operation and maintenance will be managed by Soltech in the future through an operation and maintenance agreement

The interim report and other financial reports are available at: https://soltechenergy.com/en/investors/financial-reports-calendar/

Soltech’s long-term strategy for the more than 2,000 MWp project portfolio is to develop projects, build and manage operation and maintenance. Not to own the commissioned parks, with the exception of Soltech’s self-owned battery park in Malmö and solar park in Öringe.

After identification and analysis of the optimal geographical location for the installation, environmental assessments, design, construction and commissioning, the 140,000 sqm solar park, located just outside Falkenberg, is now being sold to the solar energy company Alight. The operation and maintenance of the solar park will continue to be handled by Soltech through an operation and maintenance agreement between the companies.

– The divestment of the solar park is a natural step in our long-term strategy and we are very pleased with the agreement with Alight. Christoffer Caesar at Soltech Energy Solutions and the entire solar park team have done a fantastic job with everything from construction, refinement and now the sale of the solar park. This deal is an acknowledgement of our ability to develop competitive projects from start to finish, which now have been divested to the competent investor Alight, which feels very confident about the further development of our strong project portfolio, says Patrik Hahne, CEO of Soltech Energy.

– This is a milestone transaction for Alight, as it’s the first acquisition of a commissioned project in our portfolio. We are primarily investing our capital in projects we have developed ourselves, but the Ramsjöholm solar park provided a very attractive opportunity to grow our operating solar portfolio. Soltech has done a fantastic job developing and commissioning this solar park and we are open to doing further acquisitions of mature projects in all Nordic countries, says Richard Nicolin, co-founder and Chief Investment Officer at Alight.

Read more about the solar park here: https://soltechenergy.com/mfn_news/soltech-driftsatter-solpark-ramsjoholm-pa-ca-140-000-kvm/

The project is carried out together with the investment and energy company Swede Solar, and the energy storage of 4 MWh, together with the solar panels, solves several challenges for the customer’s climate efforts. The solution provides both access to renewable energy and an increased power capacity that enables fast charging of electric vehicles. Power capacity is a problem that the entire transport sector is facing as the properties’ grid connection and electricity capacity are often not sufficient for example, fast charging of electric trucks. A problem for which Soltech has now developed and installed a solution.

With the energy storage, Postnord TPL can even out power peaks, gain greater power capacity and thus be able to expand its charging infrastructure for its electric trucks. The overall solution means that they now are able to avoid the bottleneck problem that the property’s limited grid connection previously constituted.

The energy storage facility and the 6.5 MWp roof-mounted solar energy solution also contribute to the property producing more solar electricity than it consumes, which means that PostNord TPL will be a net exporter of locally produced green electricity over the whole year. Through smart control, the surplus solar electricity is exported to nearby properties or stored in the large batteries that Soltech has installed next to the property.

– The energy storage will help stabilize the electricity grid and be an important part of PostNord being able to avoid the power challenge in the electricity grid and therefore accelerate the conversion of its vehicle fleet. The solution will create great value as it solves several problems at the same time and it feels great to have been able to conduct this with Swede Solar as a long-term partner. It would surprise me if other transport and logistics companies did not glance at this type of overall solution to create energy-smart logistics properties, says Rickard Lantz, Business Development Manager at Soltech Energy Solutions.

* The power challenge is that the electricity grid sometimes has difficulty delivering enough power (the immediate amount of electricity) when demand is high, even if there is enough electricity production overall. This becomes especially important as society becomes more electrified and as production shifts towards renewable energy such as solar and wind, which are more weather-dependent. The challenge is to match supply and demand for power in real time, especially during peaks, to avoid congestion and power outages.