Sale of of CheckWatt AB (SE) to Emaldo Group Ltd. (HK) – Amount not disclosed

Carnegie acted as advisor in the sale of CheckWatt, a Swedish Virtual Power Plant company, to Emaldo Group.

CheckWatt is a leading independent energy service aggregator. CheckWatt is revolutionizing the energy sector with its disruptive Virtual Power Plant (VPP), “Currently”, that harnesses flexible energy sources like Battery energy storage system (BESS), solar plants, wind parks, and electric vehicle (EV) chargers to maintain a balanced energy system.