Arnhem, the Netherlands, 4 May 2023 – Hyet Solar is pleased to announce two new additions to its list of shareholders, De Engh/Newomij and a well-respected family business, which has chosen to remain unnamed.
De Engh/Newomij is a committed investor with a long-term horizon. Real estate organization Newomij sees the HyET Solar product as an opportunity to respond more quickly to the necessary need to make real estate more sustainable. Installing HyET’s Solar foil makes it possible to provide buildings that are not suitable for traditional solar panels with solar energy and thus work towards Paris Proof.
The second investor is a respected family business which has been operating for over 100 years. The decision to invest in renewables is consistent with the company’s long-standing commitment to reducing its environmental footprint. Through various measures, including the adoption of energy-efficient technologies, the business has demonstrated a strong commitment to sustainability.
With the addition of these two new shareholders, HyET Solar is confident that it will be able to further expand its reach and impact in promoting renewable energy. We look forward to a long-term partnership with both of these companies that will help us bring our mission of sustainability and social impact to fruition.
“Both Investors’ commitment to renewable energy investment is an inspiring example of how businesses can contribute to a more sustainable future. As more companies and investors take steps towards a cleaner, greener future, we can hope to see a world powered by renewable energy” says Rombout Swanborn, CEO of Hyet Solar. “Our mission is to make renewable energy more accessible, We are very pleased to add both these two companies as shareholders as they embody our philosophy, contributing to the success of our clients and our firm.”
The other shareholders in HyET Solar are SuperNova Technologies NV (the founding partner of the HyET Solar), Fortescue Future Industries (“FFI”), Teslin Participaties and Royal Vopak of Rotterdam, The Netherlands. All parties have agreed to the terms of this transaction.
About HyET Solar:
HyET Solar develops and produces low cost and efficient solar PV modules (Powerfoil) that are lightweight and flexible. It aims to drastically reduce the cost of solar power and is targeting a cost structure for modules of $100k/MW. The application possibilities cover a wide span, ranging from low cost utility scale power plants to integrated high end architectural solutions. HyET Solar is part of the HyET Group, which aims to develop technologies that enable commercially viable large-scale implementation of renewable and decentralized energy generation and distribution.