SunRoof’s €15 million venture round was led by Klima, the growth equity fund of Alantra with Inovo VC, SMOK Ventures, Alfabeat, Level2 Ventures, and angel investors, including Jon Olsson participating. Swedish design goes hand in hand with economics.” While the Berlin solar mafia specialises in renting and maintaining solar panels to consumers, SunRoof is a pure sell, but according to the company their pricing is competitive noting, “SunRoof is definitely cheaper than a roof + photovoltaic installation. SunRoof is on a mission of not only helping homeowners fulfill their own needs but also contributing to the future clean energy infrastructure.” This paper presents an overview of the development of the initiative andsignificant activities to date. “This year has proved it already, with Europe overwhelmed with heat waves and shadowed by energy insecurity. The Million Solar Roofs Initiative, announced by the President in June of 1997,spans a period of twelve years and intends to increase domestic deployment of solartechnologies. “The energy transition is not a plan for the future, it’s the mission we must carry out now,” commented SunRoof CEO and co-founder Lech Kaniuk. collection mechanism and storage capabilities. Much like their panel-providing cousins, SunRoof offers customers an end-to-end energy management system, i.e. New York City has been actively engaged in solar initiatives since 2005, when the City University of New York (CUNY) launched the Million Solar Roofs. And such is the case with SunRoof.Īccording to the company, they offer the “most powerful building-integrated solar roofs on the market today”, are “more productive per surface area of a roof”, and “leave lower CO2-footprint and use less resources and materials, comparing to traditional roof and PV installations”. Instead of attaching to a surface, these energy-collecting devices are the material. Running in tandem with solar panels, objects that are affixed to existing surfaces, is the Building Integrated Photovoltaics (BIPV) industry. We’ve seen plenty of rent-the-panels-from-us startups pop up seemingly overnight, and a vast majority hailing from Berlin. To date, SunRoof has raised a total of €21.5 million.Īs witnessed over the past year, both consumer and commercial interest in solar energy has skyrocketed appropriately in accord with the equally skyrocketing cost of traditional energy sources. The rays are expected to help the company further strengthen its position in its key markets, namely Sweden, Germany, and Poland through increased sales and production efforts. Answering the fundamental question on all of our minds, “Why have solar panels when I could have a solar roof?” Sweden’s SunRoof has raised €15 million in a venture round led by Klima.
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