Synvertec

Company Overview

Snapshot

Founded in January 2014, Synvertec operates with 1–10 employees and has secured $5.49M in total capital across five funding rounds. The company's Synchronverter project was selected for the Israel-U.S. BIRD Foundation Program in December 2021, highlighting its innovative approach to grid stability.

Business overview

Synvertec develops 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 core product, the Synchronverter, transforms renewable energy inverters into grid-stabilizing devices, addressing the needs of renewable asset owners and grid stability in real time. Synvertec operates within the Energy Tech sector, serving markets that include renewable energy, electric power, and smart grids.

Strategic signal

In December 2021, Synvertec's Synchronverter project was selected for the Israel-U.S. BIRD Foundation Program. This signals strong validation of Synvertec's technology and its potential to contribute significantly to the integration of renewable energy sources into the electrical grid, indicating a positive trajectory for market adoption and strategic partnerships.

Company Intelligence Q&A

What is Synvertec's primary focus?

Synvertec aims to enable 100% renewable energy generation worldwide by developing algorithm-based performance and grid-stability enhancement solutions for inverter-based applications like solar PV, battery storage, electric vehicles, and wind.

What is the Synchronverter?

The Synchronverter is Synvertec's flagship product, designed to transform renewable energy inverters into cutting-edge grid-stabilizing devices capable of meeting all renewable asset-owner and grid-stability needs in real time.

When did Synvertec receive a grant from the BIRD Foundation?

In December 2021, Synvertec's Synchronverter project was selected for the Israel-U.S. BIRD Foundation Program, indicating support for its innovative grid stability technology.

When did Synvertec raise funding from OSEG?

In March 2020, Synvertec secured funding from OSEG to support its efforts in bringing clean energy safely to the electrical grid.

What was a significant non-equity funding event for Synvertec?

In October 2015, Synvertec received a grant from EU Horizon 2020, contributing to its development efforts in renewable energy technology.