AP Systems
AP Systems (Altenergy Power System Inc., 昱能科技) is a Chinese MLPE technology company that designs and manufactures microinverters, component-level rapid shutdown devices, and energy storage systems for distributed solar PV markets across 168 countries, listed on Shanghai's STAR Market since 2022.
- Company typePublic
- Founded2010
- HeadquartersJiaxing, China
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What AP Systems does
AP Systems (Altenergy Power System Inc., 昱能科技) is a Chinese MLPE (Module Level Power Electronics) technology company that designs and manufactures microinverters, component-level rapid shutdown devices, and energy storage systems for distributed solar PV applications. Founded in 2010 in Jiaxing, Zhejiang by a team of overseas returnees and private capital, the company pioneered the industry-first multi-body microinverter architecture in 2013 and has since expanded into a four-brand product ecosystem: APsystems (microinverters), APsmart (rapid shutdown devices with self-developed ASIC chips), APsaas (EMA cloud-based monitoring and intelligent O&M platform), and APstorage (residential, commercial, and industrial energy storage systems including the APstorage 241L/261L/2000L liquid-cooled cabinets and the Ocean series string-storage portfolio from subsidiary Lingchu Yuneng / 领储宇能). Hardware is complemented by the EMA database platform (550,000+ users, 70TB data) and emerging AI products (BESS AI, AP Designer, APbot).
The company is publicly listed on the Shanghai Stock Exchange STAR Market (ticker 688348.SH) following its 2022 IPO and operates 10 wholly-owned subsidiaries plus 5 warehouses across the US, Australia, France, Netherlands, Mexico, Brazil, and China, serving 168 countries. Its technology emphasizes low-voltage safety (<60V DC residential, <120V commercial) to eliminate arc-fault and fire risk, component-level MPPT to avoid 'shortboard' production losses from shading or mismatch, and NEC 2017/2020 rapid shutdown compliance for the US market. The portfolio spans fourth-generation 20A high-current microinverters (DS3D 2 kW quad-body, QT2D 3.52 kW eight-body three-phase), plug-and-play DIY products (EZ1, EZ1D), a residential hybrid storage line (Lake 6, LSH-6, LSA-6, EZHI), and C&I/utility storage from 30 kWh to 5 MWh. Reported cumulative MLPE shipments exceed 7.5 GW and installed systems exceed 652,591 units, generating an estimated 9.5 TWh of clean energy.
The business model is hardware-led: products are sold through a global network of distributors and installers, supported by regional subsidiaries that provide local sales, training, and 24/7 after-sales service. Hardware revenue is supplemented by the EMA platform (effectively a subscription-adjacent monitoring service) and project-based C&I storage contracts through developer partnerships. Customer segments are diversified across residential, small commercial, C&I, utility-scale storage, and building-integrated PV, with pricing set per-unit through distributor channels rather than published list prices. R&D intensity is unusually high — over 50% of the 101-250 employee base is in R&D, supported by 231+ IP rights and 102 invention patents. The company holds Wood Mackenzie Grade A / Global Top 10 PV Inverter Manufacturer recognition and EUPD 'Top Brand PV Inverter' in France, Netherlands, and Latin America for 7+ consecutive years.
AP Systems firmographics
Firmographics- Name
- AP Systems
- Legal name
- 昱能科技股份有限公司
- Website
- https://apsystems.cn
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- AP Systems (Altenergy Power System Inc., 昱能科技) is a Chinese MLPE technology company that designs and manufactures microinverters, component-level rapid shutdown devices, and energy storage systems for distributed solar PV markets across 168 countries, listed on Shanghai's STAR Market since 2022.
- Ownership category
- akta.pro rank
AP Systems industry classification
Industry- Product category
- Solar Power Electronics (MLPE)
- NAICS
- Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Other Measuring and Controlling Device Manufacturing (334519)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electronic Components & Accessories (3670)
- akta.pro primary industry
- Solar Inverters, Power Optimizers & MLPE Manufacturing (EUAMAHAB)
- akta.pro secondary industries
- Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters) (EUAMABAE), Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers) (HSAPAQAF), PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC)
Keywords
Where AP Systems is headquartered
LocationHeadquarters
- HQ city
- Jiaxing
- HQ country
- China
- HQ region
- Asia
Offices8 records
Markets served
AP Systems business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- MLPE Hardware Products: Sale of microinverters (DS3D, QT2D, EZ1, EZ1D), rapid shutdown devices (RSD-S, RSD-D, Transmitter), and energy storage systems (ELS, ELT, APstorage). Primary revenue driver. Products sold through distributors and installers globally.
- EMA Monitoring Platform (SaaS): Cloud-based monitoring and analytics platform for PV systems. Provides real-time component-level monitoring, remote upgrades, and fault diagnostics. Part of product ecosystem.
- C&I Energy Storage Solutions: Large-scale commercial and industrial energy storage systems including container storage (APstorage 2000L) and string storage (Ocean series). Sold as complete solutions through project developers and distributors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | One time/ perpetual license | QT2D 3520W three-phase microinverter |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
AP Systems product offering
Product offeringCore offering
AP Systems designs, manufactures, and sells Module Level Power Electronics (MLPE) for distributed solar PV, including multi-body microinverters, NEC-compliant component-level rapid shutdown devices, and energy storage systems (residential, C&I, and utility-scale). Products are sold globally under the APsystems, APsmart, APstorage, APsaas, and Lingchu Yuneng (领储宇能) brands to distributors, installers, project developers, and end customers across residential, commercial, industrial, and utility segments in 168+ countries.
Product overview
APsystems (昱能科技) offers a comprehensive distributed solar-plus-storage portfolio spanning microinverters, rapid shutdown devices, energy storage systems, and intelligent monitoring platforms. The product ecosystem includes: (1) Microinverters: DS3D (2000W quad-body), QT2D (3520W eight-body three-phase), EZ1/EZ1D (1000-2000W for balcony/DIY); (2) Rapid Shutdown: RSD-D/RSD-S devices and Transmitter for NEC compliance; (3) Energy Storage: ELS-3K/5K residential inverters, Lake 6 balcony ESS (6kWh), LSH-6/LSA-6 inverters, APstorage 241L/261L/2000L commercial/industrial systems, and Ocean series (30L/100L/200L) for substation applications; (4) Intelligent O&M: EMA cloud platform, ECU-R/ECU-C communicators, and 昱能云/昱能云管 mobile apps; (5) AI Products: BESS AI for home energy management, AP Designer for power station design, and APbot customer service robot. Products support AI-driven energy optimization, VPP trading, and grid-forming capabilities across residential, C&I, and utility-scale applications.
Differentiator
Problem solved
Functional benefit
Brands
- APsmart: Component-level rapid shutdown devices (RSD-S, RSD-D) using self-developed ASIC chips for PV safety solutions.
- APsaas
- APstorage
- BESS AI
- AP Designer
- APbot
- 领储宇能 (Lingchu Yuneng)
Products and services
- DS3D Microinverter
- QT2D Microinverter
- EZ1 Microinverter
- EZ1D Microinverter
- S3 Single-Phase Microinverter
- EZHI Hybrid Microinverter
- RSD-D Rapid Shutdown Device
- RSD-S Rapid Shutdown Device
- Transmitter
- ELS-3K/5K Energy Storage Inverter
- Lake 6 AC-Coupled ESS
- LSH-6 Hybrid Inverter
- LSA-6 AC-Coupled Inverter
- APstorage 241L
- APstorage 261L
- APstorage 2000L
- Ocean Series String-Type Liquid-Cooled Storage (30L, 100L, 200L)
- EMA Database and Intelligent O&M Platform
- ECU-R Energy Communicator
- ECU-C Energy Communicator
Quantifiable outcome
- 9.5 TWh clean energy generated, avoiding 12 million tons CO2 emissions
- +5 more outcomes
Companies that use AP Systems
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
AP Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature6 records
AP Systems partnerships and signals
Strategic signalScale indicators12 records
Recent moves7 records
Expansion highlights5 records
AP Systems competitors and assessment
Company assessmentBroad incumbents
- Fronius International: Austrian solar inverter and storage manufacturer focused on European distributed generation. Overlaps with APsystems in residential inverters, monitoring and storage solutions, particularly in the DACH and EU markets.
- Ginlong Solis: Established global string inverter and storage manufacturer with strong distribution in distributed solar. Comparable to APsystems' residential and C&I product positioning.
- Sungrow Power Supply: Largest global solar inverter manufacturer with broad portfolio spanning string inverters, central inverters, and utility-scale energy storage. Overlaps with APsystems in hybrid/residential storage and is a major competitor in C&I and utility storage tenders.
- Growatt: Major string inverter and storage manufacturer serving residential and C&I markets globally. Competes with APsystems on residential hybrid inverters and storage, particularly in distributed generation markets.
- Huawei Digital Power: Global smart PV and string inverter incumbent with strong C&I and utility presence. Competes with APsystems in inverter-driven PV projects and increasingly in AI-enabled energy management software.
- SMA Solar Technology: German solar inverter incumbent with broad portfolio across residential, commercial and utility. Overlaps with APsystems in residential hybrid inverters, storage and energy management.
Direct peers
- Hoymiles: China-based microinverter and MLPE manufacturer with similar multi-module architecture products (HMS/HMT series) targeting residential and small commercial markets. Closely comparable to APsystems in product category, channel model and geographic focus.
- Enphase Energy: Global leader in microinverters and MLPE, serving residential and commercial solar markets with a comparable product architecture (microinverters, storage, monitoring). Most direct comparable to APsystems' core microinverter business and storage expansion.
- SolarEdge Technologies: Pioneered module-level power electronics via DC power optimizers paired with string inverters, plus storage. Direct MLPE category peer, though architecturally different from microinverters, and overlapping in rapid shutdown and monitoring.
Emerging players
- Deye: China-based manufacturer of hybrid inverters, microinverters and energy storage systems with growing global channel. Direct competitive overlap with APsystems in residential solar-plus-storage product categories.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
AP Systems compliance and trust
Trust signalCompliance16 records
AP Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
AP Systems leadership team
Management profileNumber of profiles
Profiles2 records
AP Systems subsidiaries and ownership
Company hierarchySubsidiaries8 records
AP Systems funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AP Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AP Systems
What does AP Systems do?
AP Systems designs, manufactures, and sells Module Level Power Electronics (MLPE) for distributed solar PV, including multi-body microinverters, NEC-compliant component-level rapid shutdown devices, and energy storage systems (residential, C&I, and utility-scale). Products are sold globally under the APsystems, APsmart, APstorage, APsaas, and Lingchu Yuneng (领储宇能) brands to distributors, installers, project developers, and end customers across residential, commercial, industrial, and utility segments in 168+ countries.
Is AP Systems a public or private company?
AP Systems is a public company. It is classified as public and is currently operating.
When was AP Systems founded?
AP Systems was founded in 2010. It employs 1 to 10 people.
Where is AP Systems based?
AP Systems is headquartered in Jiaxing, China, in the Asia region.
How does AP Systems make money?
Three revenue lines are on record. MLPE Hardware Products are the primary driver. The others are EMA Monitoring Platform (SaaS) and C&I Energy Storage Solutions.
Who are AP Systems's main competitors?
Broad incumbents on record are Fronius International, Ginlong Solis, Sungrow Power Supply, Growatt, Huawei Digital Power and SMA Solar Technology. Direct peers are Hoymiles, Enphase Energy and SolarEdge Technologies. Deye is listed as an emerging player.
Does AP Systems have an API?
No public API is recorded for AP Systems.
What industry is AP Systems in?
AP Systems's product category is Solar Power Electronics (MLPE). Its primary akta.pro industry code is EUAMAHAB, Solar Inverters, Power Optimizers & MLPE Manufacturing, with a secondary code of EUAMABAE, Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters). Its NAICS code is 334512 and its SIC code is 3600.