PI Energy is a R&D technology company, developing the next generation solar energy.
Solar power is at the forefront of the clean energy revolution and plays a crucial role in the decarbonization of our societies. However, traditional solar panels come with their own limitations such as high cost, heavy weight, and limited flexibility in installation.
PI Energy, the San Diego based company, provides a solution developing flexible solar nanofilms, which can be installed on almost any surface, including wrapping electric cars, buses, mobile devices, and more. Their novel material is low cost and easy to install, which opens up vast untapped markets for clean energy.
Although, solar energy is by far the most abundant source of clean energy, solar PV (photovoltaics) currently provides less than 1% of the world’s consumed energy.
What catches our interest is PI Energy’s unique technology, highly skilled team and high climate impact potential. In our opinion, the opportunities are endless. With PI Energy’s groundbreaking technology, we can envision a future where solar energy is accessible and affordable for all, paving the way for a cleaner and more sustainable world.
As an Article 9 fund, Buildings & construction, has a fundamental investment strategy to make a positive impact on environment and society through sustainable investments. We envision PI Energy to be a great addition to the portfolio, aligning with the mission of the fund.
“Traditional PV solar installations can take anywhere from 5 to 10 years of operation just to make up for their own manufacturing carbon footprint. Meanwhile, the results of our own deducted climate impact analysis reveal that the PI Energy solution reaches this 'climatepoint' within only the first year. These are absolutely staggering implications for our low carbon transition,” says Nick Catania, Head of Methodology at ClimatePoint.
Overall, we see PI Energy as a perfect fit for our article 9 fund “Buildings and Constructions”. We believe that their technology can severely impact the way we supply cities, communities and humankind all over the world with energy. As an Article 9 fund, we are proud to support PI Energy’s mission and are excited to see the positive impact they will have on our environment and society.
ClimatePoint AS Universitetsgata 12, 0157 Oslo