Photon Energy Group Reports 7.9% Revenue Growth and More Than Doubled EBITDA Despite Market Challenges in the First Three Quarters of 2024
Amsterdam – 22 September 2021 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’, the ‘Group’) announced that Photon Energy Solutions (the ‘Company’), the Group’s subsidiary dedicated to engineering, procurement and construction (EPC) services, has – as part of a RenCraft-led consortium – delivered a 0.95 MWp PV power plant to its client Miejskie Wodociągi i Kanalizacja Sp. z o.o., an organisation responsible for the care, control and management of a wastewater treatment facility in Koszalin, Poland.
The PLN 3.36 milion (EUR 0.73 million) project, which is now fully commissioned, has been providing an uninterrupted supply of clean electricity to the facility for over a month, helping the municipality to reduce the growing costs of energy from the grid.
The Company was contracted to design and build the PV system and will also provide maintenance services during the warranty period of 60 months from the commissioning date.
‘We are very excited with the success of this project for the Koszalin community. Our decentralised solar PV power solutions for the reliable supply of energy to municipalities have proven themselves many times over. The system that we have built not only ensures the sustainability of the local wastewater treatment plant, but is instrumental in providing energy security while reducing the costs of energy from the grid,’ said Georg Hotar, CEO of Photon Energy Group.
‘The project has been challenging in terms of high customer demands and its realisation during the COVID-19 pandemic. Together with the Photon Energy team, we delivered unique solutions ranging from the uncommon east-west layout of the PV plant to a cutting-edge mid-voltage grid supply interfacing system and the cloud-based SCADA environment, responsible for optimising the autoconsumption of the generated energy,’ said Przemysław Kowalski, CEO of RenCraft.
This project represents the fourth collaboration between Photon Energy and RenCraft. The first installation was constructed in 2012 to power a wastewater treatment plant and a water supply company in Ruda Śląska. With an installed capacity of 311 kWp, it was the largest rooftop PV plant in Poland at the time.
Image source: Sal Multirotor
Photon Energy Group delivers solar energy and clean water solutions around the world. Its solar power services are provided by Photon Energy; since its foundation in 2008, Photon Energy has built and commissioned solar power plants with a combined capacity of over 110 MWp and has power plants with a combined capacity of over 89 MWp in its proprietary portfolio. It is currently developing projects with a combined capacity of over 590 MWp in Australia, Hungary, Poland and Romania and provides operations and maintenance services for over 300 MWp worldwide. The group’s second major business line, Photon Water, provides clean water solutions including treatment and remediation services, as well as the development and management of wells and other water resources. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt Stock (Quotation Board) Exchanges. The company is headquartered in Amsterdam, with offices in Australia and across Europe.
RenCraft supports customers in their transition to sustainable energy systems. As an EPC company, RenCraft Sp. z o.o. ensures the integration of a wide range of technologies needed for modern energy solutions. Turnkey projects and deliveries include photovoltaic power plants, heat pumps, improvement of energy efficiency of buildings, as well as state-of-the-art biomass heating systems and remote control. RenCraft was founded in 2009 and has offices in Gdańsk and Bydgoszcz.
Martin Kysly
Photon Energy Group
Head of Marketing and Corporate Communications
Tel. +420 774 810 670
E-mail: martin.kysly@photonenergy.com