Midsummer moves into the customer market for solar panels with new BIPV metal sheet solar roof

[Stockholm, Sweden, April 5, 2019.] Swedish solar energy technology leader Midsummer, today launches its new energy producing metal sheet roof "Midsummer solar roofs". This signals a broader effort to expand from mainly selling production equipment for thin film solar panels into the end market for solar panels for various roofs, facades, vehicles etc through in-house production and via contract manufacturers.

To meet increasing demand from mainly the US market, Midsummer is rapidly expanding its production capacity of DUO machines, its innovative and unique manufacturing tool for thin film flexible CIGS solar cells. The company has decided to also directly address the end market, both B2B and B2C, for solar panels suitable for different types of roofs, facades, vehicles, landfills etc in urban areas. To support this expansion, Midsummer is looking into issuing Green Bonds of up to SEK 500m [EUR 47.5m; USD 53.4m].

The company's new business model would include in-house production of solar panels for the end market and the establishment of a network of contract manufacturers in addition to its present production of manufacturing equipment.

A first step in Midsummer's new strategy and product offering is "Midsummer solar roofs", a beautiful standing seam metal roof that is integrated with Midsummer's thin film solar panels and with a high energy efficiency. The roofs are delivered pre-installed with solar panels and the installation is as simple as for any standing seam metal roof without solar cells. In order to further simplify for the customers, Midsummer offers installation with turnkey contracts.

Besides building integrated solar roofs, Midsummer's panels are suitable for a range of other roofs - corrugated roofs, membrane roofs, shingles etc - and also facades, vehicles, landfills, tents etc. Midsummer's light, thin and flexible solar panels can be walked upon like any other metal roof and the weight does not differ significantly from a standard metal roof, nor does the appearance or the price.

Midsummer solar roofs have an expected lifetime of 25 years with a guarantee of 15 years for the roof, a five-year warranty for the solar panels and a guarantee that the roof delivers 90 percent of the installed peak power after ten years and 80 percent of the installed peak power after 25 years.

Narrower, longer and more beautiful

The new model solar cell roof is narrower than the previous one, which makes the roof more aesthetically pleasing and also increases the installed power per square meter. Midsummer solar roofs also offer the option to connect the solar panels with each other for longer roofs, which means that Midsummer can supply its metal roof with integrated solar panels in lengths up to 12 meters.

"In recent years, solar energy and the installation of solar panels has grown rapidly across the world," said Sven Lindström. CEO. Midsummer. "In order for this development to continue and for even more customers to be attracted by it, products with stylish design are required. We take the next step in this development with our refined metal roof Midsummer solar roofs. With the solar panels pre-integrated into the roof, this product is a no-brainer for both new buildings and for many older buildings."

On Midsummer's new website www.midsummersolarroofs.se, individuals can learn more about energy producing seam metal roofs with solar panels and there is also a solar roof calculator which will easily and quickly produce a quote on Midsummer solar roofs.

Midsummer's DUO system has taken the position as the most widespread manufacturing tool for thin film flexible CIGS solar cells in the world. Midsummer is today the world leader in the production of light, flexible, robust solar panels with high energy efficiency.

For images please go to http://www.midsummersolarroofs.se/

For additional information please contact:

Sven Lindström
CEO, Midsummer AB
Email: sven.lindstrom@midsummer.se
Phone: +46 (0) 8 525 09 610

About Midsummer
Midsummer is a leading developer and supplier of advanced solar energy technology solutions for the production and installation of thin film solar panels. Its business offering includes equipment for cost-effective manufacturing of thin film solar cells as well as building-integrated photovoltaic (BIPV) solutions for the application of thin film solar cells on buildings (facades, roofs etc.). Midsummer's thin film solar modules are light, flexible, durable and highly efficient and therefore ideal for distributed renewable energy projects. Midsummer's proprietary technology is based on a rapid process for the production of flexible thin film solar cells using sputtering of all layers of the solar cell. The Company's share (MIDS) is traded on Nasdaq First North Stockholm with G & W Fondkommission as Certified Adviser, phone: +46 (0)8-503 000 50, email: ca@gwkapital.se. For more information, please visit: www.midsummer.se

Midsummer publicerar årsredovisning för 2019

Midsummers årsredovisning för verksamhetsåret 2019 finns från och med idag tillgäglig på Midsummers hemsida samt bifogad till detta pressmeddelande.


Midsummer säljer första produktionslinan under ramavtalet med ryska Rusnano

Solenergiföretaget Midsummer har mottagit en ny order för en produktionslina från ryska Nanotechnology and Nanomaterials Center of the Republic of Mordovia. Ordern är den första inom ramavtalet med Rusnano Group som presenterades i september 2019. Ordervärdet för denna typ av produktionslina uppgår normalt till mellan 3,5 MUSD och 5 MUSD och även denna produktionslina ligger inom detta intervall.


Midsummer lanserar nya produktsidor för produkterna Wave och Slim

Solenergiföretaget Midsummer lanserar nya och användarvänliga produktsidor på midsummersolarroofs.se i syfte att tillgodose kundernas snabbt ökande intresse för moderna takprodukter med integrerade solpaneler. De nya produktsidorna innehåller detaljerad produktinformation som underlättar för kunden att göra ett bra val utifrån sin egen bostad.


Midsummer anställer Business Development Manager med fokus på europeiska marknaden

Solenergiföretaget Midsummer växlar upp arbetet med affärsutveckling och anställer Jarno Montella som Business Development Manager med fokus på Europeisk tillväxt. Jarno kommer senast från rollen som verkställande direktör på Hanergys Italienska dotterbolag.


Midsummer ABs bokslutskommuniké 2019

Solenergiföretaget Midsummer AB (publ) presenterar idag sin bokslutskommuniké för 2019. Nettoomsättningen för koncernen uppgick till 184,5 miljoner kronor med ett rörelseresultat på -23,1 miljoner kronor. Bolaget har under det fjärde kvartalet bland annat invigt en ny forsknings- och utvecklingsanläggning tillsammans med en ny produktionslina för integrerade solcellstak, mottagit ny order på två DUO-system från europeisk kund samt gjort en första installation av solpanelen Wave.


Osynliga solpaneler installerade på tak i Järfälla

Under december gjordes den första installationen av Midsummers och Benders solpaneler, Bender SunWave, på ett kedjehustak i Järfälla utanför Stockholm. "Vet man inte om det, går det inte att se att det är solpaneler på taket"



Midsummer offentliggör finansiell kalender för redovisningsåret 2020

Midsummer har nu fastställt sin finansiella kalender för redovisningsåret 2020.


Ny maskinorder till Midsummer från europeisk kund

Solenergiföretaget Midsummer mottar ny order på två DUO-system från europeisk kund. Ordervärdet för två DUO-system uppgår normalt till mellan 7 MUSD och 10 MUSD. Denna order ligger inom detta intervall.


Midsummer receives new machine order from European customer

[Stockholm, Sweden, December 4, 2019.] Swedish solar energy technology leader Midsummer receives new order for two DUO systems from European customer. Normal order value for two DUO systems stretches from 7 MUSD to 10 MUSD. The current order value is within this range.


Valberedning utsedd inför Midsummers årsstämma 2020

Valberedningens ledamöter inför Midsummers årsstämma 2020 har nu utsetts. Årsstämman avses hållas i Järfälla den 4 juni 2020.


Följ oss

Om beQuoted

beQuoted publicerar nyheter, analyser och pressmeddelanden för investerare och journalister. Viktiga företagshändelser bevakas av vår egen nyhetsredaktion och vidaredistribueras i ledande finansiella medier.

Vi uppdaterar även nyhetsrum, Investor Relations och IR-webbplatser för företag som vill utveckla sina relationer med finansmarknaden.

Kontakta oss

beQuoted AB
Sturegatan 32
114 36 Stockholm

08-692 21 90

Om beQuoted