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IKEA Invests In Solar Technology Startup Companies

| Friday August 15th, 2008 | 1 Comment

solarikea.jpgIKEA, the furniture giant, is going to sell solar panels as part of a massive investment in clean technology startup companies.The company says it will invest $77 million of its Greentech Energy fund in clean technology over the next five years. Solar panels, smart meters and other technology products are in the pipeline, according to an article in GreenBiz.


IKEA which is well known for its flatpack products, will roll out high quality products at really low prices and might also integrate its clean technology products in its home produced houses. Other than solar panels, the company will sell alternative light sources, product materials, general energy efficiency tools as well as water purification/saving devices. The company earlier this year announced it will stop handing out plastic bags at its checkouts next October and its Danish outlets offer customers the option to transport goods back by bike and trailer.
There’s not a lot of clarity which startups the company is eyeing up but it will be investing in around ten companies, according to a report on Inhabitat. IKEA could invest in about 10 startups over the next few years, with the focus on five key areas: solar panels, alternative light sources, product materials, energy efficiency, and water saving and purification. Ikea has about 270 stores in 35 countries, and half a billion customers per year.


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