Company Overview
Snapshot
Founded in July 2008 by Yossi Fisher, Michael Reyz, and Yuri Kokotov, Solaris Synergy operated with 1–10 employees. The company raised $5.1M across one funding round. In December 2014, Solaris Synergy secured a grant from the BIRD Foundation.
Business overview
Solaris Synergy developed a floating photovoltaic system designed as a renewable energy alternative to land-based solar energy systems. The company's modular solution converts water surfaces into solar energy platforms, enabling public and private sector operators to reduce capital and maintenance costs. This technology aims to lower energy production costs below national feed-in tariffs and is applicable to freshwater, saltwater, or wastewater surfaces. Solaris Synergy operates within the Energy Tech sector, focusing on clean energy generation and sustainable water solutions for industries and municipalities.
Strategic signal
In November 2019, an article highlighted how a smart pivot saved Solaris Synergy, indicating the company's adaptability and strategic maneuvering in the competitive solar energy market. This suggests a capacity for resilience and strategic reorientation to overcome challenges, which is a key signal for investors evaluating long-term viability in dynamic sectors.
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- What is Solaris Synergy's core technology?
- Solaris Synergy developed a floating photovoltaic system designed to convert water surfaces into solar energy platforms, offering a modular design that supports power output 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 was the total capital raised by Solaris Synergy?
- Solaris Synergy raised $5.1M across one funding round.
- What strategic development was highlighted in November 2019?
- In November 2019, news reported on a smart pivot that helped save Solaris Synergy, demonstrating the company's ability to adapt its strategy.