Hengelo, The Netherlands. 23 March 2020.
Dutch clean energy conglomerate Koolen Industries’ solar subsidiary Energy Experience Group has acquired solar panel installation company NovaVolt Solar Energy for more than 5 million euros.
“Our customers will benefit, as they can now choose whether they want to buy their solar panels without any pre-payment from NovaVolt, or buy them at once from its sister company BonGo Solar,” said Hans Bouhof, CEO, Energy Experience Group.
“This will make it easier for people to become what we call ‘prosumers’, who not only produce the electricity they consume, but they also sell some of it back to the grid”, said John Grollé, General Manager NovaVolt.
Currently, only 10% of Dutch homes have installed solar panels according to Holland Solar, but the market is set to expand dramatically in the years ahead.
“Combining the resources of NovaVolt and BonGo Solar will help us scale up quickly and increase our share of this fast-growing market,” said Hans Bouhof, CEO Energy Experience Group.
BonGo Solar and NovaVolt will work closely together to support each other’s’ growth.
“This acquisition will help both our companies understand the solar industry better. We will learn from each other and find efficiencies,” said Alfred Breggeman, director of the solar branch of Koolen Industries.
As solar power becomes more popular, consumers will also see prices fall.
“The solar panel installation industry is maturing, which means economies of scale become more important. With this acquisition we will be able to reduce costs while at the same time delivering better quality solar power solutions. This fits well into our mission of clean and affordable energy for everyone,” said Kees Koolen, Chairman and CEO, Koolen Industries.
BonGo Solar and NovaVolt are now looking at expansion opportunities outside the Netherlands as well, like Spain, France and Sweden.
About NovaVolt
NovaVolt is a solar company that has been operating in the Dutch market for the past six years. Their highest priority is to make the solar panel installation easy for their customers by handling situations flexibly, taking into account their wiches, and giving honest and reliable advice. NovaVolt takes care of the entire purchasing trajectory, from advice to placement of solar panels, all the while providing an excellent service. They deliver professional installations without having to break anything down and it is done by a team of recognised and certified professionals. NovaVolt offers a 30 years European All-In premium guarantee on all their solar panels. Currently, NovaVolt’s customer satisfaction score at klantenvertellen.nl is a 9.4 out of 10. Moreover, for every sold installation, NovaVolt donates to the charity Natuur Fonds, the Dutch arm of The World Wide Fund for Nature.
About Energy Experience Group/BonGo Solar
Energy Experience group is a solar panel installation company owned by Koolen Industries and consists of five companies, including BonGo Solar and NovaVolt Solar. It fits well into the Koolen Industries vision of clean energy for everyone, by fulfilling the clean energy generation process, which in turn can be stored, transported and delivered.
BonGo Solar is an ISO and TÜV certified company, which has successfully installed thousands of solar panel installations in the past few years.
In November 2018 they successfully installed 1,750 solar panels at heating manufacturer Remeha in the Netherlands. BonGo Solar is able to give thorough and appropriate advice. BonGo Solar works exclusively with A-brand solar panels, inverters and substructures.
Their regular brands are AEG-panels and SolarEdge inverters. All installers that work with BonGo install according to NEN1010 norms and in general BonGo Solar installs solar panels within six weeks.
About Koolen Industries
The mission of Koolen Industries is to enable everyone to contribute to and participate in the energy transition. Generating clean energy from wind and the sun, and developing solutions that store, transport and deliver this energy, we provide consumers with an autonomous life, independent of the grid.
Koolen Industries invests in and builds a group of companies that together will make sure renewable energy will always be available, whenever and wherever it is needed. Reliable and safe. Made possible by ingenious software.
Since its inception in 2019, Koolen Industries announced participations in BonGo Solar (solar panel installations), Super B (lithium batteries), Smart Grid (Energy Storage Systems), Elestor (flow batteries), Proton Ventures (clean energy storage in ammonia), Skoon Energy (cloud platform for renting mobile energy storage and mobile energy storage containers), Floading Energy (charging infrastructure), Hardt Hyperloop (hyperloop technology), Aziobot (a robotics startup developing a cleaning robot with revolutionary autonomous AI software) and EIT InnoEnergy, a company that invests in sustainable energy start-ups across Europe.