on ACTAQUA AG (isin : DE000A3H2TU8)
PAUL Tech Secures EUR 120 Million Financing from MEAG
PAUL Tech AG announced a significant financial boost with a EUR 120,000,000 credit facility agreement with MEAG, the asset manager of Munich Re Group. This long-term project financing aims to expand the "PAUL Net Zero" platform for climate-neutral heating in residential buildings. The funds will be released in several tranches over ten years, adhering to predefined conditions.
The PAUL Net Zero model integrates AI-driven energy optimization, efficient heat pump systems, and photovoltaic installations. By the end of May 2025, 2,000 residential units were equipped, with plans to reach 20,000 by year-end and 100,000 in the next two years.
CEO Sascha Müller expressed enthusiasm about partnering with MEAG to scale their heating solutions. CFO Patrick Weiden highlighted the significance of the facility for ensuring long-term financial security and exploring further strategic opportunities for growth and refinancing.
R. H.
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