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Sollum Technologies Receives Investment From Fondaction; Louis Brun and Claire Bisson Comment

Sollum Technologies Receives Investment From Fondaction; Louis Brun and Claire Bisson Comment



MONTRÉAL, CANADA - With the greenhouse sector soaring, the need for smart solutions to keep it evolving are essential. To support this growth, Sollum Technologies has announced a key investment from Fondaction that will help the company to develop, market, and distribute its cutting-edge smart LED lighting technology to revolutionize greenhouse crop production.

Louis Brun, Co-Founder and Chief Executive Officer, Sollum Technologies“We are pleased to be able to count on Fondaction’s financial support and its expertise in the agri-food industry to help us grow and speed up the marketing of our dynamic LED lighting solution for greenhouse growers,” said Louis Brun, Co-Founder and Chief Executive Officer of Sollum Technologies. “We have the privilege of having a solid group of investment partners, and we appreciate the confidence that the Fondaction team has chosen to place in us and our unique solution.”

Sollum’s lighting technology currently makes growing peppers in the winter possible, according to a press release. Additionally, the light fixtures have several other advantages as it relates to life cycle, energy efficiency, productivity, and product quality, offering growers a myriad of benefits when implemented on their farms. Based on data collected by Sollum, greenhouse growers who use this new technology have seen energy savings of over 40 percent and productivity efficiencies of up to 40 percent.

Sollum Technologies has announced a key investment from Fondaction that will help the company to develop, market, and distribute its cutting-edge smart LED lighting technology to revolutionize greenhouse crop production

Unlike the light spectrum of HPS lamps and traditional horticulture LED light fixtures, Sollum’s LED lighting is universal. Through its SUN as a Service® cloud platform (SUNaaS), it is possible to change light recipes based on the specific needs of different fruit and vegetable varieties being grown, thereby increasing crop productivity and quality while decreasing energy usage and providing flexibility for crop scheduling.

With this latest investment in place, Sollum’s lighting technology currently makes growing peppers in the winter possible

All of these are reasons that Fondaction has decided to invest in Sollum, according to Claire Bisson, Deputy Chief Investment Officer for the company.

Claire Bisson, Deputy Chief Investment Officer, Fondaction“The investment meets a number of our impact goals: the fight against climate change and the development of a sustainable agri-food industry,” she explained. “On the one hand, greenhouse production has a positive effect on local sourcing and food security. On the other hand, a study led by Enviro-Access determined that the light fixture’s life cycle and its energy performance reduce by 30 percent the GHG emissions normally generated by this activity. Furthermore, the smart lighting solution makes it possible to compensate for extremely cold weather during peak periods without affecting crop growth.” 

Backed by this new investment, how will Sollum further develop its lighting and expand its reach in the greenhouse sector? Keep reading AndNowUKnow for answers.

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Sollum Technologies

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