GoodWe

What GoodWe does

GoodWe is a privately-held Chinese solar inverter and energy storage manufacturer founded in 2010 and headquartered in Suzhou, China, with operations across AMER, Europe, APAC, and MENA regions and 5,001-10,000 employees globally. The company has evolved from a pure inverter supplier into an integrated energy solutions provider offering hybrid inverters, battery storage systems, and AI-powered energy management platforms across residential, commercial & industrial (C&I), and utility-scale segments. Core products include the ESA Series all-in-one residential energy storage system (with the world's first Grade A low-noise certification from TÜV Rheinland at 30dB), ET Series hybrid inverters for C&I applications ranging from 50kW to 500kW aggregated, BAT Series high-voltage battery cabinets (102.4-112.6 kWh) using LiFePO4 cells with AI-based diagnostics, the Lynx Home FH-US high-voltage residential battery, the SDT G3 50kW low-noise string inverter for European C&I, and the SEMS Plus cloud-based smart energy management platform. GoodWe holds ISO 27001:2022, ISO 27701:2019, and ISO 20000-1:2018 certifications and has been recognized as a Tier 1 inverter supplier by S&P Global Commodity Insights and ranked among the top 10 global solar inverter manufacturers.

The company operates a multi-channel go-to-market combining regional direct sales through country-specific websites, distribution partnerships (Photovoltaic Solar for India, Skårebo Energi for Sweden), installer networks (GoodWe PLUS+ program, Six Star Plus and Fallon Solutions in Australia), and technology platform integrations with VPP service providers (Beebop, Frank Energie, Tibber) and Kraken/Octopus Energy for smart tariff compatibility. Revenue is generated primarily through hardware sales of inverters and battery systems, with the SEMS Plus platform representing an emerging subscription/recurring revenue stream and a foundation for future VPP and grid services monetization. The company's installed base of approximately 1.889 million connected inverters (linked to 1.883 million power plants and 67,447 GWh of cumulative power generated) provides a substantial data asset supporting AI-driven optimization features and post-installation service opportunities. Recent strategic emphasis has shifted toward integrated solutions (e.g., Warm Home All-in-One combining solar, storage, EV charging, and heat pumps) and AI-native energy operating systems launched at SNEC 2026, signaling a transition from hardware vendor toward platform-based energy services.

Name

GoodWe

Legal name

GoodWe Technologies Co., Ltd.

Website

https://goodwe.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

GoodWe is a Chinese Tier 1 solar inverter and energy storage manufacturer serving residential, commercial & industrial, and utility-scale markets globally with hybrid inverters, battery systems, and the AI-powered SEMS Plus energy management platform.

Ownership category

akta.pro rank

Product category

Solar Inverters and Energy Storage Systems

NAICS

Battery Manufacturing (33591), Solar Electric Power Generation (221114), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Relay and Industrial Control Manufacturing (335314)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Switchgear & Switchboard Apparatus (3613), Motors & Generators (3621), Electronic Coils, Transformers & Other Inductors (3677)

akta.pro primary industry

Solar Inverters, Power Optimizers & MLPE Manufacturing (EUAMAHAB)

Keywords

• Solar inverters
• Energy storage systems
• Hybrid inverters
• Battery storage solutions
• Smart energy management

Headquarters

HQ city

Suzhou

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Solar Inverter Sales: GoodWe generates revenue primarily through the sale of solar inverters across residential, commercial, and utility-scale segments. The company is recognized as a Tier-1 inverter supplier by S&P Global Commodity Insights.
2. Energy Storage Systems: Revenue from battery storage systems including the ESA Series residential all-in-one units and BAT Series commercial high-voltage battery cabinets. The ESA Series receives approximately 10,000 orders per month in Australia alone.
3. Smart Energy Management Platform: GoodWe offers the SEMS Plus platform for energy management, integrating solar, storage, and energy assets with AI optimization capabilities for globally rolled out services.
4. Integrated Energy Solutions: GoodWe provides integrated solutions combining solar PV, battery storage, EV charging, heat pumps, and smart energy management as a unified system (Warm Home All-in-One Solution), bundling multiple products and services.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

GoodWe manufactures and sells solar inverters (hybrid and grid-tied string models for residential and commercial/industrial use) and battery energy storage systems, including modular residential batteries and high-voltage commercial cabinets. The company also offers EV chargers, smart meters, data loggers, and the SEMS/SEMS Plus cloud-based AI-powered energy management platform, enabling integrated solar, storage, and grid energy optimization for residential, commercial/industrial, and utility-scale customers worldwide.

Product overview

GoodWe operates as a comprehensive energy solutions provider spanning residential, commercial & industrial (C&I), and utility-scale segments. Its core product portfolio centers on solar inverters (hybrid and grid-tied) and battery energy storage systems, supported by the SEMS/SEMS Plus cloud-based monitoring and management platform. The residential lineup includes the ES-US hybrid inverter paired with Lynx Home FH-US high-voltage batteries, plus the ESA Series all-in-one storage system combining inverter, battery, and AI-driven energy management. The C&I portfolio features the SMT-US/LVSMT-US grid-tied string inverters, ET series hybrid inverters (50kW–500kW), and BAT series high-voltage battery cabinets (102.4–112.6kWh). Accessories include EV chargers, automatic backup devices, smart meters, and EzLogger data loggers. The SEMS platform connects all installations for real-time monitoring and optimization. Recent launches include AI-powered energy operating systems at SNEC 2026, the Warm Home All-in-One solution for the UK market, and the SDT G3 commercial inverter for Europe. The company holds ISO certifications (27001:2022, 27701:2019, 20000-1:2018) and TÜV Rheinland low-noise certification for the ESA Series.

Differentiator

Problem solved

Functional benefit

Brands

• SEMS Plus: AI-powered smart energy management platform integrating solar, storage, and energy assets for performance optimization, diagnostics, and cost reduction
• ESA Series
• BAT Series
• Warm Home All-in-One
• Lynx Home FH-US
• ET Series
• SDT G3

Products and services

• ES-US Series Hybrid Inverter Residential hybrid inverter enabling homes to integrate solar generation, battery storage, and grid power for enhanced energy independence and EV charging support.
• Lynx Home FH-US Series High Voltage Battery High-voltage lithium battery storage system for residential use, providing modular capacity for storing solar energy, reducing grid dependence, and ensuring backup power for homes.
• EV Charger (US) EV charging solution designed for the US residential market, enabling homeowners to charge electric vehicles using solar-generated or stored energy.
• Automatic Backup Device (ABD) Backup power device enabling automatic switching to battery storage during grid outages to maintain continuous power supply for residential loads.
• SMT-US Series Grid-tied String Inverter Commercial grid-tied string inverter designed for commercial and industrial solar installations, converting DC power from PV arrays to AC power for grid export or on-site consumption.
• LVSMT-US Series Low-voltage Grid-tied String Inverter Low-voltage commercial grid-tied string inverter optimized for smaller commercial solar installations requiring reliable power conversion and grid connectivity.
• SEMS Smart Energy Management System Cloud-based monitoring and management platform for residential and commercial solar and storage installations, providing real-time performance visibility, remote diagnostics, and system optimization across all connected inverters and energy assets.
• ESA Series All-in-One Energy Storage System Residential all-in-one energy storage solution integrating inverter, battery, and AI-driven energy management into a single unit. Features ultra-quiet fanless operation (as low as 30dB), scalable capacity from 5kW to 30kW with up to 108kWh storage, six-layer safety architecture, plug-and-play installation (sub-10-minute setup), and Grade A low-noise certification from TÜV Rheinland. Supports residential and small C&I applications with VPP integration capability.
• ET Series Hybrid Inverter Commercial and industrial hybrid inverter series (50kW base model, scalable up to 500kW aggregated) enabling solar, battery, and grid integration for large-scale commercial, industrial, and utility-scale installations. Supports up to 35kW inductive loads for heavy-duty industrial equipment, Static Transfer Switch integration, and SEC3000C controller connectivity.
• BAT Series High-Voltage Battery Cabinet Commercial and industrial high-voltage battery storage system available in 102.4kWh and 112.6kWh capacities, using LiFePO4 cells with up to 6000 cycle lifespan, IP55 protection, smart HVAC maintaining cell temperature variance within 3°C, AI-based diagnostics, and dual-layer aerosol fire suppression. Designed for integration with ET series hybrid inverters for C&I energy storage solutions.
• SDT G3 50kW String Inverter Low-noise, lightweight commercial string inverter designed for the European C&I solar market, targeting small- to medium-sized installations with demand for quiet operation and easy installation.
• SEMS Plus Smart Energy Management Platform Advanced smart energy management platform integrating solar, storage, and energy assets into a unified system, using AI for performance optimization, diagnostics, and cost reduction.
• Warm Home All-in-One Solution Integrated solution combining solar PV, battery storage, EV chargers, heat pumps, and smart energy management into a unified system for UK households, aligned with the UK government's Warm Homes Plan.
• AI Agent / AI-Powered Energy Operating System AI-powered energy operating system that enables storage assets to make autonomous decisions in real-time minute-level electricity spot trading, supporting three core use cases: IDC data centers, C&I energy storage, and microgrids.
• ESA Series Single-Phase All-in-One Residential single-phase all-in-one solar plus storage system featuring fanless quiet operation below 29 decibels, scalable capacity up to 288 kWh, AI-driven arc fault safety, and plug-and-play installation.
• Smart Meter GMK 140 (Single Phase) Single-phase smart meter for monitoring residential energy production and consumption, supporting system optimization and energy management.
• Smart Meter GM330 (Three Phase) Three-phase smart meter for monitoring energy production and consumption in commercial and industrial solar installations.
• EzLogger3000C Data logging and communication device that collects performance data from inverters and transmits it to the SEMS monitoring platform for remote system management and diagnostics.

Quantifiable outcome

• Reduce electricity bills by up to 30% through AI-powered energy management
• +5 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability5 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core, minor and flagship.

• Kraken Technologies (Octopus Energy)coreTechnology or Integration · 5 May 2026Partnership with Kraken, Octopus Energy's technology platform, for smart tariff compatibility with the Warm Home All-in-One Solution in the UK market. Enables integration with dynamic electricity pricing and demand response programs.
• Plexus SAcoreImplementation/ SI/ Consulting Partner · 15 April 2026Collaboration to deliver large-scale solar and storage solutions for industrial facilities in South Africa, including a 500kW hybrid inverter system and 1.12MWh battery storage for metal fabrication facility.
• Skårebo EnergiminorChannel Partner/ Reseller/ Distributor · 15 April 2026Skårebo expanded into energy storage and smart energy management by partnering with GoodWe and other suppliers, integrating GoodWe products into their EV charging ecosystem.
• Photovoltaic SolarcoreChannel Partner/ Reseller/ Distributor · 13 April 2026Appointed as official distribution partner for India, leveraging GoodWe's technology and product range through Photovoltaic Solar's distribution network to expand market presence and support India's renewable energy goals.
• BeebopcoreTechnology or Integration · 12 March 2026Strategic cooperation agreement to combine advanced storage technology with virtual power plant (VPP) services for dynamic electricity management in Europe.
• Frank EnergiecoreTechnology or Integration · 12 March 2026Strategic cooperation agreement for VPP services integration, enabling dynamic electricity management and grid services through combined storage and energy management capabilities.
• TibbercoreTechnology or Integration · 12 March 2026Strategic cooperation agreement to integrate advanced storage technology with Tibber's VPP services for dynamic electricity management in European residential energy markets.
• TÜV RheinlandflagshipTechnology or Integration · 12 March 2026Technical certification partner that awarded GoodWe the world's first Grade A low-noise performance certification for energy storage systems. Also certified ESA series for installation efficiency and repairability.
• Six Star PluscoreImplementation/ SI/ Consulting Partner · 4 March 2026Partnership with installer Six Star Plus for solar and battery storage donations to Victorian Homeless Fund, providing energy solutions for homes supporting families who experienced hardship.
• Fallon SolutionsminorChannel Partner/ Reseller/ Distributor · 17 October 2025Expanded solar battery range by introducing GoodWe home batteries in Queensland, Australia, supporting Federal Government's Cheaper Home Batteries Program.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sungrow Power Supply: Largest global solar inverter manufacturer and direct competitor. Both Sungrow and GoodWe are China-headquartered Tier 1 inverter suppliers serving residential, C&I, and utility-scale segments with overlapping product portfolios.
• SMA Solar Technology: German-headquartered solar inverter manufacturer and longtime Tier 1 supplier. Directly comparable on product category (string and hybrid inverters) and customer base (residential, C&I, utility-scale), especially across European markets where GoodWe is expanding.
• Enphase Energy: US-headquartered microinverter and battery storage company. Comparable in residential solar+storage product architecture and software-driven energy management strategy, competing directly with GoodWe's ESA and Lynx lines.
• SolarEdge Technologies: Direct peer in solar power optimizers, inverters, and home energy management. Targets similar residential and C&I customers with hardware-plus-software stack comparable to GoodWe's inverter+SEMS approach.
• Growatt New Energy: China-headquartered Tier 1 inverter and storage manufacturer with a near-identical product portfolio spanning residential hybrid inverters, C&I storage, and grid-tied inverters — competing head-to-head with GoodWe in Europe, APAC, and MEA.
• Huawei Digital Power: Direct competitor in solar inverters and smart PV solutions, with a strong global footprint and integrated energy storage offerings that overlap materially with GoodWe's residential and C&I portfolio.
• Fronius International: Austrian inverter manufacturer with strong European residential and C&I presence. Comparable string inverter portfolio and overlap with GoodWe's European expansion strategy and installer-channel go-to-market.

Emerging players

• Solis (Ginlong Technologies): China-headquartered string inverter manufacturer with growing global distribution. Competes with GoodWe in residential and small C&I segments, particularly in distributed markets where price sensitivity is high.

Broad incumbents

• BYD Energy Storage: Broad incumbent across batteries, EVs, and energy storage with commercial-scale BESS offerings that overlap with GoodWe's BAT series and ET hybrid inverter C&I solutions, especially in emerging markets.
• Tesla Energy (Powerwall/Solar): Broad incumbent in residential energy storage and solar with Powerwall and Solar Roof. Competes with GoodWe in residential storage+inverter+software but operates at much larger scale with its own energy services and VPP capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/GoodWePower
• YouTubeyoutube.com/channel/UCjiYgIPI0Fd55o6Bjf2l6qw
• Facebookfacebook.com/GoodWeSolarEngine
• LinkedInlinkedin.com/company/jiangsu-goodwe-power-supply-technology-co-ltd-
• Instagraminstagram.com/goodwe_northamerica

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GoodWe