Synvertec Overview
Synvertec aims to enable 100% renewable energy generation worldwide by developing algorithm-based performance and grid-stability enhancement solutions for inverter-based applications, such as solar PV, battery storage, electric vehicles, and wind. The company’s flagship product, the Synchronverter, transforms renewable energy inverters into cutting-edge grid-stabilizing devices capable of meeting all renewable asset-owner and grid-stability needs in real time, where and when they are most needed, while creating significant economic value.
Cumulative Funding Raised Over Time ($)
Latest News
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Rhombus Energy Solutions/Synvertec Synchroverter Project Selected for Israel-U.S. BIRD Foundation Program
Rhombus Energy Solutions and Synvertecs proposed Synchroverter concept has been selected for a funding grant by the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation. The Synchroverter combines Rhombus Energy Solutions smart inverter technology with Synvertecs patented control algorithm to create an intelligent inverter that mimics the operation of a traditional synchronous generator. The solution addresses the challenges associated with integrating inverter-based renewables with the utility grid, improving grid stability and reliability. The funding from the BIRD Foundation will help make the Synchroverter a reality and allow for increased deployment of inverter-based renewables. The project is part of the BIRD Energy cooperation agreement between the U.S. Department of Energy, the Israel Ministry of Energy, and the BIRD Foundation.
PartnersInvestment
https://finance.yahoo.com/news/synvertec-raises-1-5m-china-145100458.html
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Israeli startup helps EU power up with renewable energy
Synvertec, an Israeli startup, has been awarded €2.7 million in grants from the EUs Horizon 2020 programme. The company has developed a software solution called Synchronverter that transforms inverters into grid-stabilizing devices, helping European countries utilize renewable energy more effectively. The partnership includes European industry partners and Israeli innovators. This collaboration aims to address the challenges of integrating renewable energy systems into traditional power grids, reducing energy loss and improving sustainability. The Horizon 2020 programme has facilitated EU-Israel collaboration in various sectors, including energy and environment, to combat climate change and promote sustainable innovation in Europe.
PartnersInvestment
| Sector | Energy Tech |
Funding
| Total funding | $5.49M |
| Last funding | Undisclosed |
| Stage | A |
| Rounds | 5 |
| Investors | 4 |
Team Members
1
Employees: 1-10
Web & Social Links
| Website | www.synvertec.com |
Locations
Galgalei ha-Plada Street 6, Herzliya, Israel
Photos & Videos
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