Midsummer Secures $15M Order for Solar Cell Factory

• Midsummer AB lands SEK 143.5M order for 15-MW solar line, marking a major step in global sustainable manufacturing with their eco-friendly, scalable technology.

Swedish company Midsummer AB has secured a SEK 143.5 million (USD 15 million) order from an unnamed Swedish industrial and defense group for a 15-MW thin-film solar cell production line. The equipment will be delivered to a non-European country as the first phase of a planned solar cell factory, with future capacity expansions anticipated. The majority of the revenue from this order is expected to be recognized in 2025.

Midsummer's proprietary technology will be used in the production line, supporting its strategy to offer scalable turnkey solar cell factories with capacities up to 200 MW. CEO Eric Jaremalm highlighted the company's ability to quickly establish sustainable, localized solar manufacturing. The DUO production system, known for its minimal carbon footprint, manufactures cadmium-free, flexible CIGS thin-film solar cells.

What are the key details of Midsummer AB's recent 15-MW solar cell order?

• Midsummer AB has received a significant order valued at SEK 143.5 million (USD 15 million) for a 15-MW solar cell production line.
• The order comes from an undisclosed Swedish industrial and defense group.
• The production line will be delivered to a non-European country.
• This order represents the first phase of a planned solar cell factory, with potential for future capacity expansions.
• The majority of the revenue from this order is projected to be recognized in 2025.
• Midsummer's proprietary technology will be utilized in the production line.
• The company's strategy includes offering scalable turnkey solar cell factories with capacities up to 200 MW.
• CEO Eric Jaremalm emphasized Midsummer's capability to rapidly establish sustainable and localized solar manufacturing.
• The DUO production system will be employed, known for its low carbon footprint.
• The solar cells produced will be cadmium-free, flexible CIGS thin-film solar cells.