Photon Energy Group
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Photon Energy Group - overview
Established
2008
Location
Amsterdam, -, Netherlands
Primary Industry
Renewable Energy
About
Photon Energy Group is a global provider of renewable energy solutions, specializing in solar power systems and energy storage. The company focuses on the development, construction, and management of photovoltaic installations worldwide. Photon Energy Group, founded in 2008 by CEO and founder Mijanur Rahman and headquartered in Amsterdam, Netherlands, offers comprehensive renewable energy solutions. In November 2025, Project Better Energy Limited, a portfolio company of Freshstream Investment Partners, acquired Photon Energy Group.
Photon Energy specializes in delivering renewable energy solutions, primarily in solar power and energy storage systems. Their services include the development, construction, and management of photovoltaic installations and hybrid solar + energy storage assets for residential, commercial, and public sector clients in countries like Poland, Australia, the Czech Republic, Hungary, Romania, and South Africa. Additionally, they operate a B2B eShop, providing high-quality PV components to installers, facilitating the global transition to renewable energy. In the year 2023, Photon Energy reported a revenue of USD 76.
47 mn and an EBITDA of USD 58. 48 mn. Their revenue generation primarily comes from long-term contracts for solar power system management and energy trading activities across various countries, along with sales from their eShop, catering to a wide clientele of solar installers. Photon Energy is focused on expanding its market presence by entering new geographical regions, specifically targeting growth in emerging markets in Africa and Asia by 2025.
The company plans to introduce new energy storage solutions designed for commercial applications, with expected launches in late 2024. Recent funding will support these initiatives, facilitating the development of innovative products and the expansion of operational capabilities in the targeted regions.
Current Investors
Project Better Energy Limited
Primary Industry
Renewable Energy
Sub Industries
Consulting Services, Solar Power
Website
www.photonenergy.com
Verticals
IoT (Internet of Things)
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Photon Energy Group - timeline of key events
Photon Energy Group - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 13,876,000 | 11,760,000 | 13,321,000 | 13,089,000 | 17,219,000 | 20,256,000 | 30,154,000 | 28,258,000 | - | - | - |
| % Revenue Growth (YoY) | - | (15.2%) | 13.3% | (1.7%) | 31.6% | 17.6% | 48.9% | (6.3%) | - | - | - |
| EBITDA (USD) | 3,314,000 | 3,496,000 | 6,149,000 | 6,551,000 | 7,851,000 | 8,146,000 | 7,942,000 | 8,169,000 | - | - | - |
| Operating Income (USD) | (1,524,000) | (924,000) | 1,113,000 | 1,286,000 | 2,291,000 | 2,544,000 | 1,147,000 | (142,000) | - | - | - |
| Operating Margin | (11.0%) | (7.9%) | 8.4% | 9.8% | 13.3% | 12.6% | 3.8% | (0.5%) | - | - | - |
| % EBITDA Margin | 23.9% | 29.7% | 46.2% | 50.0% | 45.6% | 40.2% | 26.3% | 28.9% | - | - | - |
| NET Income (USD) | (4,995,000) | (5,034,000) | (1,720,000) | (2,660,000) | (807,000) | 510,000 | (726,000) | (8,693,000) | - | - | - |
| % Net Margin | (36.0%) | (42.8%) | (12.9%) | (20.3%) | (4.7%) | 2.5% | (2.4%) | (30.8%) | - | - | - |
Photon Energy Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Photon Energy Group | - |
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Photon Energy Group - employee data
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