Brandenburg Kapital invests in smart services company Solandeo GmbH

Berlin/Potsdam, 22 March 2022 – Brandenburg Kapital, a subsidiary of the Investitionsbank des Landes Brandenburg, as well as renowned private investors are investing in the fast-growing technology company Solandeo GmbH, which operates digital, intelligent metering and remote control technology for renewable energy plants. In a first step, EWE AG had already invested in the company in June 2021, as had the existing shareholders. The total volume of the financing round amounts to around seven million euros.

The European Green Deal and the associated CO2 reduction require a transformation in the energy sector that intelligently integrates the numerous and newly emerging decentralized energy sources. This requires the reliable provision of up-to-date data via smart meters (digital measuring devices) as well as their translation into usable intelligence for the control of plants, for grid operation as well as for energy trading. Solandeo's real-time data and forecasts help plant operators and commercial consumers improve their own energy management.

Since its founding in 2014, Solandeo has successfully positioned itself as a leading smart metering provider of decentralized systems, as well as of artificial intelligence-based forecasting and forecast management solutions. With its offerings, Solandeo manages seven gigawatts of decentralized generation capacity, from residential photovoltaic systems to the offshore wind farm.

Solandeo's smart metering customers currently include leading project developers, operators and contracting providers of decentralized energy systems, as well as providers of photovoltaic systems and battery storage systems. In addition, 40 distribution grid operators already rely on Solandeo's forecasting solutions, as do leading direct marketers.

Friedrich Rojahn, Managing Director of Solandeo: "We are excited to have attracted experienced financial investors to Solandeo alongside EWE AG. With their support, we are developing solutions for the heat and mobility transformation. In this way, we are supporting the transformation of the energy market away from fossil fuels and towards renewable energies."

Dr. Torsten Fiegler, Senior Investment Manager at Brandenburg Kapital: "Solandeo has successfully established itself in a prospering future market. With the additional capital, we will support the company in further accelerating its diversification in the market segments and in Europe."

About Solandeo GmbH

Solandeo supports innovators in the energy industry with digital solutions based on smart meter data and artificial intelligence.

As a leading competitive metering operator for the energy transition, Solandeo has many years of experience in processing location-specific real-time data: Solandeo currently manages a seven gigawatt portfolio of decentralized generation capacity nationwide - from 3 kWp rooftop-mounted photovoltaic systems to the 400 MW offshore wind farm.

Systems operators, direct marketers, plant managers, project developers, grid operators and energy suppliers all benefit from the provision of continuous real-time data and other value-added services.

For further information, visit: www.solandeo.com

About Brandenburg Kapital GmbH/ ILB

Brandenburg Kapital GmbH is a subsidiary of the Investitionsbank des Landes Brandenburg (ILB). Since 1993, as the venture capital arm of ILB, it has supported Brandenburg-based companies by acquiring equity stakes and equity-like investments. As a public venture capital company, experienced lead investor and active partner, Brandenburg Kapital ensures a strong equity base for start-ups and small and medium-sized enterprises in the State of Brandenburg on the basis of a stable group environment. The Early-stage and Growth Fund is currently available in the amount of around 100 million euros for this purpose. The funds for the Brandenburg Kapital fund, which was set up on behalf of the Brandenburg Ministry of Economics, are currently provided by the European Fund for Regional Development and by the ILB. Through ILB's investment activities, 244 companies have so far been supported on their growth course with around 275 million euros. In addition, private investors have invested more than 600 million euros in the companies to date.

For further information, visit: www.brandenburg-kapital.de