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144 newsletter
Stockholm, December 30th 2019

We are now entering the final days of 2019, an exciting year for Nilar! With this newsletter, we would like to recall some of the highlights from the past year and direct our gratitude towards our customers, partners, co-workers and investors for continuing to follow and support us on our journey. We look forward to our continued cooperation in 2020. Until then, we would like to wish you happy holidays and a great start to the new year!
E-prize finalist logotype 1x1
Nilar was announced as finalist for Sweden's largest energy award

For the eleventh consecutive year, Sweden's largest energy award, the Veckans Affärer's E-Prize, was handed out to Sweden's most innovative energy solutions. The E-Prize honors companies that have developed the most innovative energy solutions within the fields of renewable energy, energy efficiency or sustainable transportation; the finalists are appointed by a panel of industry experts. Nilar was announced as a finalist in the renewable energy category for the innovation that prolongs the life of our battery.
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640x640transp "Nilar meets the future with modular energy storage"
640x640transp In February, Power Circle, a Swedish organization focused on the electric power industry, published an article about Nilar. In the article, Power Circle provided insights into Nilar, the benefits of Hydride batteries and some energy storage functionalities, such as peak shaving. The article also draws attention to a smart shopping mall in Grosseto, Italy, where Nilar's energy storage system has enabled a 75% reduction in energy consumption.

Click here for full article in Swedish
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In May, the Swedish news channel, Breakit, acknowledged Nilar and the 327 million SEK capital raised.  The article also discussed the preparations for Nilar's stock market entry and the growing need in society for energy storage.  As Nilar’s CEO Marcus Wigren stated, “We are putting an ever-increasing pressure on the electricity grid and the demand is at its largest in the morning and the evening. Thus, there is a great need for energy storage in the society. Nilar's batteries will have an important stabilizing function”.

Click here for the full article in Swedish
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In an interview with the Swedish business magazine Veckans Affärer, Nilar’s CEO Marcus Wigren and the co-founder Lars Fredriksson talked about the company goals that are set on reaching 2000 employees and 10 billion SEK in sales. In the article, Fredriksson states "This chemistry is more environmentally-friendly and a lot safer than many alternatives on the market". "We sell everything we produce" continues Wigren.

Click here for the full article in Swedish
Nilar on the list of billion-valued tech-companies
In August, Dagens Industri included Nilar on the list of high-valued Swedish companies that have yet to enter the stock market. With a valuation of approximately 1.5 billion SEK (May 2019), Nilar entered the list together with companies like Klarna, Apotea, Kry and Soundcloud.

Click here for the full article in Swedish (Requires subscription)
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Veckans Affärer posted an interview with Marcus Wigren in September in connection to Nilar’s E-Prize nomination. In the article, Wigren tells more about the Nilar innovation that prolongs the life of our battery: “The coolest thing about the company and what makes us unique in the world is that we can now refill our battery with new life."

Click here for the full article in Swedish
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Energy CIO insights 640x640transp
Energy CIO Insights listed Nilar as one of the top 10 energy storage solution providers in Europe 2019. "Today's grid cannot handle the new demand. Energy storage is the only practical solution" states CEO Marcus Wigren

Click here for the full article in English
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Nilar set to enter the stock market in 2020 640x640transp
In mid-May, it was made official that Nilar will go public on First North within one year. It is exciting that Nilar continues to break new grounds. 640x640transp
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"With the help of oxygen, we can fill the batteries of our customers with new life repeatedly at a very low cost compared to purchasing new batteries" says CEO Marcus Wigren in the November issue of Affärsresenären. Find the full article on page 27.

Click here for the full article in Swedish
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Follow Nilar on Instagram
Nilar is now present on Instagram! In 2019, we launched on our new platform were we continuously post updates about Nilar. To not miss out, take a look at our feed and follow @nilarbatteries on Instagram.

Find our instagram here
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2020 is around the corner
Now we look forward to a new year and we hope that you continue to follow us on our journey. A lot of exciting things are coming up and what could be a better way to start the year than with the Swedish government extending the subsidy on energy storage to December 31, 2020!
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Nilar AB
Headquarters and Sales
Stockholmsvägen 116 B
SE-187 30 Täby
Phone: +46 (0)8 768 00 00
640x640transp Nilar AB
R&D and Production
Bönavägen 55, Box8020
SE-800 08 Gävle
Phone: +46 (0)26 960 90

Nilar Inc
R&D and Sales
10800 E. Bethany Drive, Suite 525
Aurora, CO 80014
Phone: +1 (720) 446 0169

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