Photon Energy Group Secures Polish Capacity Market Contracts for 316 MW, Locking in Revenues of EUR 13 Million for 2025

ABOUT PHOTON ENERGY GROUP

Delivering the fundamentals of life

We are dedicated to ensuring that everyone has access to clean, affordable energy and water.

Our Work

What We Do

Through ingenuity and technological innovation, we deliver energy and water solutions that are state-of-the-art and sustainable.

Our solar power solutions and services cover the entire lifecycle of photovoltaic power plants.

We offer comprehensive clean water solutions, from treatment services to the management of wells and other resources.

We take a holistic approach to our work, within our companies and as a group, offering solutions that can be delivered separately or as an integrated package.

This allows us to meet the complete needs of our customers and takes us closer to our vision of a world where energy and water - the fundamentals of life - are clean, safe and accessible to all.

Our Values

How We Work

Innovation

We think creatively to deliver solutions and actualise our vision.

Safety

We prioritise the health and well-being of everyone impacted by our work.

Sustainability

We understand the importance of foresight and long-term thinking.

Community

We believe it is our responsibility to enrich every community we are a part of.

Integrity

We operate with honesty and respect, and we never compromise our values.

Our story

Photon Energy Group Milestones

2008

Photon Energy is founded. We are listed on the NewConnect market of the Warsaw Stock Exchange.

2009

We construct our first PV projects, including our first proprietary power plant in the Czech Republic.

2010

We construct plants with a combined capacity of 32 MWp in the Czech Republic and Slovakia and expand our proprietary portfolio to 20 MWp.

2011

We construct new plants in Germany, Italy and Slovakia.

2012

We establish our office in Australia and our new corporate HQ in the Netherlands.

2013

We place our first EUR corporate bond, traded on the Frankfurt Stock Exchange.

2014

We install our first solar storage battery system in Australia and add five countries to our O&M portfolio.

2015

We hit the 1 MWp mark for power plants commissioned in Australia and 150 MWp for O&M services provided in Europe and Australia.

2016

We commission four plants in Australia. Our shares are listed in Prague, along with a 6% corporate bond.

2017

We establish our office in Budapest and grow our project pipeline in Hungary. We expand our vision to include clean water solutions with the founding of our second business line, Photon Water.

2018

We conclude a co-development financing deal with Canadian Solar for 1.14 GWp in Australia. Our first Hungarian plants are connected to the grid. We repay our first EUR Bond and the target volume for our second EUR Bond is subscribed to in full.

2019

We complete the roll-out of rooftop solar systems across 30 ALDI locations. We successfully sell our stakes in two utility-scale projects co-developed with Canadian Solar. We build 20 plants in Hungary with a total capacity of 20 MWp.

2020

Our proprietary portfolio reaches 74.7 MWp, and we provide services to clients with over 300 MWp. We commission two utility-scale power plants.

2021

Our shares are listed on the regulated markets of Warsaw and Prague, and on the Quotation Board of the Frankfurt Stock Exchange. We revitalise our brand, bringing Photon Energy and Photon Water under the banner of Photon Energy Group.

Our team

Who We Are

Our leadership team works alongside over 350 colleagues around the world.

Georg Hotar

CEO

Georg co-founded Photon Energy in 2008 and was the company’s CFO until 2011. In that year he was appointed CEO and has since spearheaded the group’s expansion in Europe and overseas.

Georg has extensive knowledge of the solar energy industry as well as in international finance. Before Photon Energy, Georg established Central European Capital in 2000, a regional finance and strategy advisory boutique. He has also held various positions in financial services in London, Zurich and Prague.

Georg is an Austrian national and holds a Masters in Finance from the London Business School.

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Michael Gartner

CTO

Michael developed one of the first large photovoltaic installations in the Czech Republic before co-founding Photon Energy in 2008. Michael was CEO of Photon Energy until relocating to Australia to start Photon Energy Australia in 2011. Apart from growing the Australian business, Michael is instrumental in driving Photon Energy’s off-grid and solar-hybrid power solutions.  

Before Photon Energy, Michael ran an investment boutique arranging Eurobond issues and offering sell-side M&A advisory. Between 1994 and 2004, he was an analyst and head of fixed income sales at ING and Commerzbank Securities in Prague. 

Michael is an Australian and Czech national and holds an MBA from the US Business School in Prague.

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David Forth

CFO

David is a British national who has gained extensive experience in multinational companies working in top managerial positions.

David is a British Chartered Accountant (FCA), after qualifying with KPMG in London, and has an LLB (Hons) Degree in Law from Queen Mary University of London. His early career was with British Petroleum, where he was quickly promoted through accounting, controlling and M&A roles to become Finance Director of QIT Fer et Titane in Montreal. After this, he was appointed Group Finance Director of BP Consumer Products Division, a business with manufacturing and sales operations in six European countries. After leaving BP, Mr. Forth held senior finance roles with BAT, Schneider Electric and Adecco, working in Brazil, France, Switzerland and the Netherlands, before moving into interim management.

David’s interim management career includes Finance Director and CFO roles with Mothercare, Costa Coffee, Dr Martens, Eddie Stobart and AB Sugar. Prior to joining Photon Energy Group, he was Interim CFO of Cake Box plc and then Eurowag (W.A.G. Payment Solutions plc); both of these companies are quoted on the London Stock Exchange.