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The latest announcement is out from Otovo AS Class A ( (DE:89K) ).
Otovo has launched a new service product across Germany, Norway, Spain, and Sweden, offering remote monitoring, diagnostics, and maintenance services for solar panels, batteries, and inverters. This move aims to address the underserved market of solar system maintenance, providing a recurring revenue stream with attractive margins. The service is available to both Otovo’s existing customers and those who have installations from other companies, capitalizing on the opportunity presented by the discontinuation of a German competitor. With over 15 million homes in Europe equipped with solar systems, many of which are unsupported due to installer companies going out of business, Otovo sees a significant market opportunity to support these ‘orphaned’ systems, enhancing customer value and driving topline growth.
More about Otovo AS Class A
Otovo is a marketplace that facilitates the installation of solar panels and home batteries by organizing local, high-quality energy installers. The company employs proprietary technology to assess home potential and connects customers with the best price and installer through an automatic bidding process.
Average Trading Volume: 271,042
Current Market Cap: NOK296.2M
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