5 July 2021
Midsummer’s Q2 solar roof order intake up 380% year-on-year
Midsummer AB of Järfälla, near Stockholm, Sweden – a provider of turnkey production lines as well as flexible, lightweight copper indium gallium diselenide (CIGS) thin-film solar panels for building-integrated photovoltaics (BIPV) – says that, in second-quarter 2021, order intake of its SLIM, WAVE and BOLD thin, light and flexible solar roofs rose by 380% year-on-year to SEK13.5m.
“The fact that they are thin and discreet with a climate footprint of only one tenth of traditional solar panels have really struck a chord,” says CEO Sven Lindström.
“These are very strong numbers despite the pandemic which has prevented us from seeing as many customers as we would have wanted. A survey commissioned by us shows that more than half of Swedish home owners are looking to install solar cells on their properties, and relatively soon – within a few years. This proves that the end-consumer market is mature,” he adds.
“In the past few months, we have strengthened our sales teams further with new employees which will increase the tempo in our growth during Q3, which is normally a strong quarter for us.”
Midsummer also develops and markets production equipment for solar cells in the form of the DUO system (claimed to be the world’s most widespread production system for flexible CIGS solar cells), but the firm has shifted its business focus over the prior year and is investing in marketing its building-integrated solar panels to the end-consumer market. Midsummer will report its full financial results for Q2/2021 on 31 August.