Truffle Capital was a pioneer investor in the exciting field of Energy
Photon Power Technologies is a leading French provider of photovoltaic installations targeting both individuals and industrial, agricultural, and public buildings as well as dedicated solar energy plants. Founded in late 2006, Photon Power Technology works with EDF Energies Nouvelles to, supply its clients with complete turnkey solar installations, including required components, modules and complete systems, engineering design, technical studies, and installation. Photon Power Technology holds a 25% stake in Silicium de Provence, a joint venture for the construction and operation of a plant dedicated to fabricating photovoltaic grade silicon, thus ensuring an end-to-end supply for solar installations.
Truffle Capital successfully exited its investment in Photon Power Technology in May 2010 through a trade sale, achieving an exit multiple of over 3x.