7/28/2023 0 Comments Far aim commercial requirements![]() ![]() We are pursuing a clear growth strategy and have grown by an average of around 147% 1 in the past three financial years.”Ĭomprehensive energy storage solutions for commercial and industrial customers and grid applications 2 With our good positioning, we want to achieve an attractive market share and thus create long-term added value for our shareholders. The global market for energy storage is expected to grow by 37% per year until 2030. We have thus established an excellent starting point and now want to open the next chapter in the company’s development and systematically continue on our growth path”.ĭirk Engel, CFO of INTILION, says: “As electrification progresses and the share of renewable energies increases at the same time, energy storage systems will play a crucial role in ensuring a stable power supply. We offer our customers all three necessary solution components from a single source: firstly, the scalable hardware including additional peripherals such as converters, switchgear and transformers secondly, the monitoring and application software to operate the storage system according to the customer’s wishes and thirdly, the entire project management with installation and commissioning of the system and long-term service to guarantee availability and performance. We have extensive experience in stationary energy storage solutions and have already installed over 200 lithium-ion storage systems of various sizes for industrial customers and utilities. HOPPECKE Rail Systems GmbH will continue to hold a majority interest in INTILION following the completion of the proposed IPO.ĭr André Haubrock, CEO of INTILION, says: “Efficient energy storage systems are elementary for a successful energy transition. The Company intends to use the net proceeds from the offering of the new shares to (i) provide financing for the Company’s working capital requirements to promote future growth, (ii) make investments in companies with the aim of accelerating the Company’s software knowledge, developing its virtual power plant business model to enable the bundling of storage capacities for energy trading purposes and expanding the Company’s research and development team, and (iii) fund the geographic expansion of its sales, engineering and fulfillment capabilities. The initial public offering is expected to include a public offering in Germany (“IPO”) and private placements outside Germany of primarily new shares from a capital increase of the Company, as well as existing shares held by the Company’s sole shareholder HOPPECKE Rail Systems GmbH (a subsidiary of Accumulatorenwerke Hoppecke Carl Zoellner & Sohn GmbH). Paderborn, 27 June 2023 – Energy storage provider INTILION Aktiengesellschaft (“INTILION” or “Company”) is planning an initial public offering with admission of its shares to trading on the regulated market of the Frankfurt Stock Exchange (Prime Standard) in the third quarter of 2023, subject to the capital market environment. Net proceeds from the offering of the new shares will be used to provide financing for working capital requirements to promote future growth, the expansion of development capabilities, the development of new business models and the geographic expansion.In the medium term, revenues of around EUR 250 million are targeted. 1 In the current financial year ending 31 March 2024, revenues are expected to more than double to over EUR 70 million. INTILION has grown at a compound annual growth rate of around 147% over the past three financial years.INTILION thus makes a direct contribution to the energy transition. ![]()
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