AAA SET finds PhotoSolar shade

SET finds PhotoSolar shade

PhotoSolar, a Denmark-based producer of shades to protect solar panels from unnecessary heat, has raised DKr27m ($5m) from a consortium including Netherlands-based SET Venture Partners, an independent firm with local utility Delta as a limited partner.

Danish investment bank Vækstfonden, The Danish Technological Institute and Syddansk Teknologisk Udvikling also invested.

Yvette Go, investment manager at SET, said: "With MicroShade, PhotoSolar has a great product in hand."

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