Holaluz grows 14% year-on-year in solar sales and 62% in solar contracts under management

• Holaluz’s Solar Value Proposition remains best in class, with installations done in 45 days - resulting from the vertical integration of internal installation teamswith 75% of customers saving 70% or more on their electricity bills and a customer satisfaction rate of 9 out of 10.
• In Energy Management, Holaluz has also recorded good results, where distributed generation has experienced unprecedented growth with an increase of 161% year-on-year (+7.8 GWh) and 138% quarter-on-quarter (+7.3 GWh) . These figures strengthen Holaluz's model towards the build-up of a decentralized network of clean energy and KM0, democratized and affordable for all.
• On May 9, Holaluz announced a key agreement with Tesla for the commercialization and installation of Tesla Powerwall domestic batteries in Spain. Since its launch, the energy transition company has registered a penetration of this product of around 10%, which means that 1 out of 10 of Holaluz’ new solar systems have attached a home battery contract .

Barcelona, July 31, 2023. Holaluz, the energy transition company whose purpose is to create a 100% green planet, has presented today an update of its business figures for the period of the second quarter of 2023.

The company closed on June 30, 2023, with a total of 949 sales of solar installations (more than 300 sales per month), which represents a growth of 14% year-on-year and 7% quarter-on-quarter. Likewise, the number of solar contracts under management have also experienced strong growth, where Holaluz has reached 12,563 solar contracts as of June 30,

2023. This represents a growth of 61% year-on-year (+4,700 contracts) and 5% quarter-on-quarter (+556 contracts). Energy Management and Solar business profitability has significantly improved in Q2 due to migration to Tarifa Justa in Q1 and to the increase of the average installation ticket.

Holaluz’s Solar Value Proposition remains best in class, with installations done in 45 days resulting from the vertical integration of internal installation teamswith 75% of customers saving 70% or more on their electricity bills and a customer satisfaction rate of 9 out of 10.

Carlota Pi, co-founder and CEO at Holaluz said: “the fundamentals behind the Solar market are intact: the Spanish market for residential installations remains vastly underpenetrated at only 3% of the potential rooftops, electricity prices are twice as high than 2019 despite currently subsidised tax items (VAT, IEEE), subsidies for solar installations are still widely available and the Spanish government has targeted 19 GW of self-consumption installations by 2030.”

As for electricity contracts, Holaluz continues its growth, amounting to a total of 325,000 contracts.

In energy management, distributed generation consolidates with strong growth during Q2 2023 (+161% year-on-year and +138% quarter-on-quarter), which ratifies Holaluz's model towards the build-up of a decentralized network of clean energy and KM0, democratized and affordable for all.

Expansion plan for the solar business: agreement with Tesla for the commercialization of the Tesla Powerwall domestic battery.

On May 9, Holaluz announced a strategic alliance with Tesla to enter the domestic battery business in Spain, offering customers the possibility of increasing their monthly savings up to 100%, or more, and helping households to further electrify their energy consumption.

This agreement is part of the company's business plan announced on April 26, 2023 to continue expanding the solar business by combining solar installations with flexible assets such as batteries and electric vehicle chargers. This strategy is key to maximising the potential of green surplus, thus allowing homeowners to produce, consume and manage green energy in a more flexible way.

Since its launch, Holaluz has recorded a battery penetration of over 10%, which means that 1 out of 10 of Holaluz’ new solar systems have attached a home battery contract

Recently, Holaluz has obtained the EcoVadis Gold Medal, the world standard for qualification in corporate sustainability, with a score of 73/100. These good results place the company among the 5% of companies with the best score -within a global universe made up of 85,000 companiesand recognize its leadership in terms of sustainability before its stakeholders.