Company Overview
Snapshot
Founded in January 2014, Synvertec operates with 1–10 employees. The company has raised a total of $5.49M across 5 funding rounds from 4 investors. In December 2021, the company's Synchroverter project was selected for a funding grant by the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation.
Business overview
Synvertec is an Energy Tech company focused on enabling 100% renewable energy generation globally. The company develops algorithm-based solutions to enhance performance and grid stability for inverter-based applications such as solar PV, battery storage, electric vehicles, and wind. Its flagship product, the Synchronverter, transforms renewable energy inverters into grid-stabilizing devices, addressing the needs of renewable asset owners and grid stability in real-time while creating economic value. Synvertec operates within the broader Energy Tech sector, specifically targeting markets related to clean energy generation, energy management, and grid integration, serving utilities and renewable energy systems like solar and wind.
Strategic signal
In December 2021, Synvertec's Synchroverter project, a collaboration with Rhombus Energy Solutions, was selected for a funding grant by the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation. This signifies strong strategic validation for Synvertec's innovative approach to grid stability, demonstrating its potential to integrate inverter-based renewables with utility grids and improve overall reliability. The grant underscores the importance of Synvertec's technology in advancing renewable energy adoption and addressing critical infrastructure challenges.
Log in to access full profile ›Company Intelligence Q&A
- What is Synvertec's core product?
- Synvertec's core product is the Synchronverter, a software solution that transforms renewable energy inverters into grid-stabilizing devices, mimicking traditional synchronous generators.
- What was a significant recent partnership for Synvertec?
- In December 2021, Synvertec partnered with Rhombus Energy Solutions on the Synchroverter project, which was selected for a funding grant by the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation.
- What was a notable grant received by Synvertec?
- In October 2015, Synvertec received a grant of $2.7 million from the EU Horizon 2020 programme to develop its Synchronverter software solution.
- When was Synvertec founded?
- Synvertec was founded in January 2014.