Solaris Synergy

Company Overview

Snapshot

Founded in July 2008 by Yossi Fisher, Michael Reyz, and Yuri Kokotov, Solaris Synergy operates with 1–10 employees. In December 2014, Solaris Synergy secured a grant from the BIRD Foundation.

Business overview

Solaris Synergy develops floating photovoltaic systems designed as a renewable energy alternative to traditional land-based solar energy systems. The company's modular solution converts water surfaces into solar energy platforms, enabling public and private sector water resource operators to reduce capital and maintenance costs while achieving a rapid return on investment. The technology aims to lower energy production costs below national feed-in tariffs and is suitable for industrial implementation on various freshwater, saltwater, and wastewater surfaces. Solaris Synergy operates within the Energy Tech sector, focusing on clean energy generation and sustainable water solutions, serving the energy, utilities, waste management, and government sectors.

Strategic signal

In November 2019, an article highlighted how a strategic pivot saved Solaris Synergy, indicating the company's adaptability and resilience in the evolving solar energy market. This suggests a capacity for strategic adjustments to overcome challenges and maintain viability, which is a positive signal for investors looking for companies with strong management and strategic foresight.

Company Intelligence Q&A

What is Solaris Synergy's core technology?

Solaris Synergy has developed a floating photovoltaic system designed to be a viable renewable energy alternative to land-based solar energy systems. This modular design supports power outputs ranging from several kilowatts to dozens of megawatts.

When was Solaris Synergy founded and by whom?

Solaris Synergy was founded in July 2008 by Yossi Fisher, Michael Reyz, and Yuri Kokotov.

What markets does Solaris Synergy's solution address?

Solaris Synergy's solution converts water surfaces into solar energy platforms, targeting public and private sector owners and operators of water resources to lower costs and increase revenues. The company's geomarkets include North America, Israel, Asia, and South America.

What is the status of Solaris Synergy's operations?

Solaris Synergy is currently non-active, having ceased to operate in December 2021.