SYSTOVI is a french independent manufacturer of solar panels and photovoltaic systems, specialized in BIPV (Building Integrated Photovoltaic).Based in Nantes, SYSTOVI ambition to offer innovating integrated photovoltaic solutions . To establish this strategy SYSTOVI has invested several million euros in an assembly line of cells and the company differentiates itself by designing its own systems integration knowing that most of which are patented.

PRESENTATION

SYSTOVI has put barely a year out its first solar panels at its plant. Based in Nantes and created by three partners, the company announced its first year sales of 4 million euros with 20 employees. The dazzling success of the company is that photovoltaic panels are manufactured in France and are fully integrated into the roof. These solar panels are primarily photovoltaic systems last generation able to produce electricity but also serve as a cover for the roof, insulate the building and enlightening. 

INNOVATION

SYSTOVI innovative system uses photovoltaic cells to silicon German Bosch Solar, natural ventilation, which maintains a temperature of 25 ° C inside the solar panel while guaranteeing perfect airtightness and water. The price of an installation comprising an average score of photovoltaic panels is about  € 21 000. A cost quite affordable if one considers that French legislation strongly encourages the use of integrated panels to the frame with a redemption of electricity price . 

MARKET 

The company is expecting a strong market growth for 2010 with prices down sharply (due to overproduction of silicon). A turnover of 20 million is expected on 2010. 

STRATEGY 

The company launched its first production line in October and announced on 2009, a turnover of 4 million euros. SYSTOVI has already 7 specialised resellers (sanitary, heating, electrical equipment and coverage, renewable energy) in the west of France. The management team wish to cover France  before end of March 2010.

FINANCIALS

Former leaders of Saunier Duval in Nantes, the three founders brought with them two industrials

• Yann Rolland, CEO Bel’m 
• Bruno Hug Larauze CEO MTTM (10% stake),
•  A capital investor Ouest Croissance (27%) 
• The Association of Business Angels Abab (9%). 

SOURCES