Press releases pg. 10

INVEN CAPITAL, the CEZ Group’s investment fund that seeks out promising projects on the European energy start-up market, has acquired a minority share in German innovation company Zolar. This company provides digital solutions for rooftop photovoltaic installations and combined photovoltaic and battery systems. In addition to Inven Capital, BayWa r.e. Energy Ventures participated in this round of investment with a total volume of EUR 10 million. The existing investors Heartcore Ventures, Statkraft Ventures and Partech Ventures likewise increased their shares.

ČEZ traders now trade electricity products on the wholesale market in almost all European countries. They are also currently expanding to markets trading in natural gas, environmental certificates and related financial products.

In the last few days, CEZ Group acquired wind power plant projects in Germany with a total installed capacity of more than 110 MW. This resulted from a 50% joint venture with the active international early stage investor Holt Holding Group. Most of these projects will compete in the German auction system in 2022.

INVEN CAPITAL, CEZ Group’s investment fund that seeks opportunities in the new energy sector, acquired a minority share in the successful Israeli company CyberX. They are a major supplier of complex solutions in industrial cyber security. This is already INVEN CAPITAL’s second investment in Israel. In the four years of its existence, the fund has made nine investments in four countries and has successfully exited one of its investments.