Midsummer has presented a record result for 2016. Revenues nearly doubled and profits increased, due to several new orders for the company's DUO thin film solar cell manufacturing system.

2016 was an eventful and successful year for Midsummer, filled with several new orders for its compact thin film solar cell manufacturing system DUO. In its Annual Report for 2016, the company announces sales revenues of 60 MSEK, up by nearly 100 percent from the previous year, and an annual profit of 10 MSEK. To meet the increased market demand the company hired 15 new employees during the latest year.

"2016 was a record year for us," said Sven Lindstrom, CEO, Midsummer AB. "We did some great business, and the market acceptance for our solar energy technology solutions increased, which resulted in several orders for our compact DUO thin film solar cell manufacturing system. The DUO system is now the most widely spread manufacturing tool for flexible CIGS solar cells in the world."

Midsummer is a leading developer and supplier of advanced solar energy technology solutions for the production and installation of thin film solar panels, and also a leading Swedish growth and export company; Midsummer has several times been named as one of Sweden's and Europe's fastest growing technology companies.

"We have yet again shown that we are the leading provider and supplier of advanced solar energy technology solutions for the production and installation of thin film solar panels. Swedish technology is at the forefront of the race towards a fossil free planet and we look forward to the future, with continued development and increased sales of our solutions in the global market", Sven Lindstrom concludes.

Tweet

Next-gen solar cells could be improved by atomic-scale redesign
London, UK (SPX) May 15, 2017
Researchers have uncovered the exact mechanism that causes new solar cells to break down in air, paving the way for a solution. Solar cells harness energy from the Sun and provide an alternative to non-renewable energy sources like fossil fuels. However, they face challenges from costly manufacturing processes and poor efficiency - the amount of sunlight converted to useable energy. ... read more

Related Links
Midsummer
All About Solar Energy at SolarDaily.com

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only