Developer docs
API playgroundTry for free, no card

Search company profiles

Fox ESS

Full company profile

uuid0005lii

Namestring
Fox ESS
Legal namestring
FOXESS CO., LTD.
Websiteurl
in.fox-ess.com
Company typeenum
Private
Founded yearint
2019
Descriptiontext

Fox ESS Co., Ltd. is a Wenzhou, China-based, privately held renewable energy hardware company founded in 2019 that designs and manufactures solar PV inverters (S, G, F, T, R series), hybrid inverters (H1/AC1, H3/AC3, H3 PRO, KH/KA), lithium battery storage systems (EQ low-voltage, EP and CQ-series high-voltage), commercial and industrial storage (G-Max Plus, Power Beast), EV chargers (A and L series), and heat pumps (HP and HP BOX). The product stack is unified by the FoxCloud 2.0 monitoring platform and increasingly by joint silicon-carbide technology development with Infineon Technologies, which powers the next-generation PQ3-Ultra residential system. Cumulative installed base exceeds 890,000 PV inverters and 1,000,000 batteries across more than 70 countries, with the company's footprint anchored by a Phase II factory in Wenzhou (46,000 m², target 50 GW annual capacity) launched in June 2026.

Fox ESS generates revenue primarily through one-time hardware sales across four streams: residential energy storage, commercial and industrial storage, EV chargers, and heat pumps. The company operates a pure channel model — products are sold through authorized distributors (Solar Juice, OSW, GPC Europe, VDH Power, Koninklijke Oosterberg, DQA Solar), financing partners (ICBC Thai Leasing), and a certified Elite Installer network (initially Germany and UK), with end customers split between residential homeowners (the primary segment) and commercial and industrial buyers (G-Max Plus deployments). Pricing is quote-based through distribution and not publicly disclosed, with one disclosed UK retail price point of £500–£1,000 for the MiniQube plug-and-play battery. Recurring/optional revenue is emerging through Virtual Power Plant integrations with Origin Loop and Amber Electric, which allow installed batteries to participate in grid services.

The company's market position is anchored by No. 1 global market share in residential energy storage for 2025 per S&P Global Energy, top positions in Germany and the UK, a record 97% System Performance Index from HTW Berlin and AQUU Research, BNEF Tier 1 status (Q4 2024), and inclusion in the Hurun Global Unicorn Index 2024 (implying a $1B+ valuation). The customer base is broad-based — only two named enterprise references (Ovos da Terra poultry farm in Brazil, Shandong Goldencell Electronics in China) appear in the source data — with the bulk of volume driven by distributed SMB/residential sales through the installer channel. Recent strategic moves include the 10 GWh Australian distributor agreements, the Infineon PQ3-Ultra co-development, the Sydney regional office, the ICBC Thai financing partnership, and a comprehensive rebrand in May 2026.

Short descriptiontext

Fox ESS designs and manufactures solar inverters, lithium battery storage systems, hybrid inverters, EV chargers, and heat pumps for residential and commercial customers across more than 70 countries. The company holds No. 1 global market share in residential energy storage (2025) and distributes primarily through authorized installer and distributor networks.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersWenzhou, China
HQ citystring
Wenzhou
HQ countrystring
China
HQ regionstring
Asia
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
solar inverters, energy storage systems, hybrid inverters, lithium-ion batteries, renewable energy hardware
Industry6 codes
PRIMARYEUAMAHAB
Solar Inverters, Power Optimizers & MLPE Manufacturing
Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Equipment & Component Manufacturing (Modules, Turbines, Inverters, Towers, Blades)
SECONDARYEUAMABAE
Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters)
SECONDARYEUACAGAC
PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations)
Energy, Utilities & Environment/Electric Power Generation/Solar Power Generation (Utility-Scale PV & CSP)
SECONDARYEUAFAIAH
Harmonic Filtering, Power Quality & Active Front-End (AFE) Solutions
SECONDARYEUADAPAF
Renewables Monitoring & Controls (Solar/Wind/Hydro Edge)
SECONDARYEUAMAIAG
DERMS/ADMS & Grid Operations Software Integration (Dispatch, Constraint Mgmt)
Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Grid Integration & Interconnection (Power Electronics, SCADA, Forecasting)
NAICS code2 codes
  • Turbine and Turbine Generator Set Units Manufacturing333611
  • Other Electric Power Generation221118
SIC code3 codes
  • Switchgear & Switchboard Apparatus3613
  • Electronic & Other Electrical Equipment (No Computer Equip)3600
  • Electronic Coils, Transformers & Other Inductors3677
Product category
Solar Inverters and Energy Storage Systems
Social media profiles3 records
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model4 records
1Hardware Sales - Residential Energy Storage
TypeHardware Sales
Description

Sale of residential battery storage systems, hybrid inverters, and related components to homeowners and installers. Products include PQ3-H3-Ultra, AVO28 Avocado micro storage, and EQ/EP battery series.

prnewswire.com
2Hardware Sales - Commercial & Industrial Storage
TypeHardware Sales
Description

Sale of C&I energy storage systems including G-Max Plus (125 kW nominal power, 241 kWh nominal energy) and Power Beast for commercial and industrial applications.

canalsolar.com.br
3EV Chargers
TypeHardware Sales
Description

Sale of A Series and L Series EV chargers (7.3kW/11kW/22kW) featuring smart charging, OCPP compliance, dynamic load balance, solar linkage, and multiple connectivity options.

in.fox-ess.com
4Heat Pumps
TypeHardware Sales
Description

HP Series and HP BOX Series heat pumps using R290 refrigerant with A+++ efficiency rating, capable of 75°C outlet temperature and stable operation at -25°C ambient temperature with EVI technology.

in.fox-ess.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Pricing details1 tier
1MiniQube plug-and-play battery for UK market
ModelOne time/ perpetual licenseBilling cadencePay-as-you-go
Notes

Estimated cost of £500–£1,000 each for the MiniQube plug-and-play battery product available in UK through major retailers.

thetimes.com
GTM typeB2B and B2C
B2B and B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Fox ESS designs, manufactures, and sells integrated renewable energy hardware including solar PV inverters (single-phase and three-phase grid-tie), hybrid inverters, lithium-ion battery storage systems (low-voltage EQ and high-voltage EP/CQ series), commercial & industrial all-in-one BESS (G-Max Plus), residential all-in-one storage systems (PQ3 series, Power Q, AVO28), EV chargers (A/L/A-Lite series), and R290 heat pumps (HP/HP BOX series). Products are managed through the FoxCloud 2.0 smart monitoring platform and support Virtual Power Plant (VPP) integration with platforms such as Origin Loop and Amber Electric for grid services revenue.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 98.78% PV grid-tied efficiency achieved with PQ3-Ultra system
+3 more records
Product overview1 text field

Fox ESS is a global renewable energy solutions provider offering a comprehensive, integrated energy ecosystem spanning residential, commercial & industrial (C&I), and utility-scale applications. The portfolio centers on five interconnected product domains: (1) PV grid-tie inverters (S, G, F, T, R series) for solar conversion; (2) Hybrid inverters (H1/AC1 single-phase, H3/AC3 and H3 PRO three-phase, KH/KA) that integrate solar generation with battery storage; (3) Lithium battery systems including the EQ low-voltage stackable series, EP high-voltage series, and newer CQ-series high-voltage batteries (CQ6, CQ7); (4) C&I storage solutions including the G-Max Plus all-in-one BESS and Power Beast (H3 Plus + CQ7); and (5) connected end-use products including A/L Series EV chargers and HP/HP BOX heat pumps. These hardware products are managed through the FoxCloud 2.0 smart monitoring and control platform, which also enables Virtual Power Plant (VPP) participation via integrations with platforms like Origin Energy Loop and Amber Electric. Fox ESS holds the No. 1 global market share in residential energy storage (per S&P Global Energy 2025) and a record 97% System Performance Index (per HTW Berlin / AQUU Research 2026), demonstrating leading efficiency across its inverter-battery ecosystem.

Product and service29 records
1S Series PV Inverter
CategoryPV Inverters
Description

Single-phase grid-tie PV inverter series (S/G2 generation) for residential solar installations, part of Fox ESS's core inverter portfolio.

2G Series PV Inverter
CategoryPV Inverters
Description

Single-phase grid-tie PV inverter series for residential solar installations.

3F Series PV Inverter
CategoryPV Inverters
Description

Single-phase grid-tie PV inverter series (G2 generation) for residential PV installations.

4T Series PV Inverter
CategoryPV Inverters
Description

Three-phase grid-tie PV inverter series (G3) for commercial solar installations.

5R Series PV Inverter
CategoryPV Inverters
Description

Industrial and commercial core PV inverter series with 110 kW capacity for large-scale commercial installations (e.g., deployed at Shandong Goldencell Electronics with 5,088.26 kWp total capacity).

6H1/AC1 Hybrid Inverter
CategoryHybrid Inverters
Description

Single-phase hybrid inverter series (G2) that integrates solar generation with battery storage for residential backup power and self-consumption optimization.

7H3/AC3 Hybrid Inverter
CategoryHybrid Inverters
Description

Three-phase hybrid inverter series for residential and light commercial energy storage applications, enabling solar generation, battery storage, and grid interaction.

8H3 PRO Hybrid Inverter
CategoryHybrid Inverters
Description

Three-phase hybrid inverter available in 15-30 kW models, supporting dual independent battery inputs and configurations from 23.96 kWh to 144 kWh. IP65 rated, VPP-compatible with Amber and Origin Loop platforms, built-in Wi-Fi and LAN, 10-year warranty.

9KH/KA Hybrid Inverter Series
CategoryHybrid Inverters
Description

Hybrid inverter series for residential and commercial applications, complementing the H-series lineup.

10Microinverter
CategoryMicroinverters
Description

Microinverter product line for module-level power electronics in residential solar installations.

11EQ Series Battery
CategoryLithium Batteries
Description

High-performance, scalable low-voltage battery storage system including EQ3300 (3.20 kWh), EQ4800 (4.66 kWh), and EQ5000 (4.92 kWh) models. Features 90% depth of discharge, stackable up to 7 modules in series, >95% charge/discharge efficiency, and operating temperature range of 0-55°C charge and -10-55°C discharge.

12EP Series Battery
CategoryLithium Batteries
Description

High voltage battery series including EP5 (scalable to 10.4 kWh) and EP11 (scalable to 20.8 kWh), with 90% depth of discharge, IP65 protection, and compact wall/floor-mount installation.

13CQ6 High Voltage Battery
CategoryLithium Batteries
Description

High-voltage modular battery energy storage system with individual units of 5.99 kWh capacity scalable to 83.86 kWh per stack, with system capacity reaching 251.58 kWh when paired with the H3 Plus inverter. Features >95% round-trip efficiency and 100% depth of discharge, qualifying for Australia's Cheaper Home Batteries Program.

14CQ7 Battery
CategoryLithium Batteries
Description

High voltage battery module used in combination with the H3 Plus inverter as part of the Power Beast commercial storage solution.

15G-Max Plus C&I Storage System
CategoryCommercial & Industrial Storage
Description

All-in-one battery energy storage system (BESS) for commercial and industrial applications. 125 kW nominal power and 241 kWh nominal energy capacity using LFP (LiFePO4) batteries, integrating photovoltaic generation, storage, management, and critical load support.

16Three-Phase ESS (C&I Storage)
CategoryCommercial & Industrial Storage
Description

Commercial and industrial energy storage systems in three-phase configurations for business and industrial facilities.

17Power Beast (H3 Plus + CQ7)
CategoryCommercial & Industrial Storage
Description

Commercial and industrial energy storage solution combining the H3 Plus three-phase hybrid inverter with CQ7 battery modules for large-scale C&I deployments.

18PQ3-Ultra Residential Storage System
CategoryResidential All-in-One Storage
Description

Next-generation all-in-one residential energy storage system jointly developed with Infineon Technologies, using full-SiC solutions to achieve 98.78% PV grid-tied efficiency and 98.47% battery charge/discharge efficiency with 70% reduction in switching losses.

19PQ3-H3-Ultra Residential System
CategoryResidential All-in-One Storage
Description

Residential energy storage system achieving a record System Performance Index (SPI) of 97% — top-ranked by HTW Berlin and AQUU Research. Part of Fox ESS's flagship residential product line.

20AVO28 Avocado Micro Storage
CategoryResidential All-in-One Storage
Description

Residential micro storage solution unveiled at SNEC 2026 and Intersolar Europe 2026, designed for compact home energy storage applications.

21Power Q Series
CategoryResidential All-in-One Storage
Description

Residential energy storage system available in single-phase and three-phase configurations with LFP lithium-ion batteries. Delivers up to 89.6% round-trip efficiency, supports whole-house load backup with built-in 63 A gateway, and is designed for VPP applications with 5-second power scheduling.

22P100 All-in-One System
CategoryResidential All-in-One Storage
Description

Residential energy storage system (6 kW + 10 kWh) combining solar compatibility, battery storage, and smart monitoring to reduce electricity bills and maintain power during grid disruptions. Deployed in Malaysia, Thailand, and Vietnam through local partnerships.

23MiniQube Plug-and-Play Battery
CategoryResidential Micro Storage
Description

Plug-and-play residential battery designed to plug directly into a standard three-pin socket. Enables users to store cheap off-peak electricity for use during peak pricing hours. Estimated cost of £500-£1,000 each with potential annual savings of £125-£228.

24A Series EV Charger
CategoryEV Chargers
Description

European standard AC EV charger available in 7.3kW/11kW/22kW power ratings with plug, socket, and shutter variants. Features smart charging, OCPP 1.6/2.0.1 compliance, dynamic load balancing, solar linkage, and scheduling via app.

25L Series EV Charger
CategoryEV Chargers
Description

AC EV charger in 7.3kW/11kW variants with smart charging capabilities, OCPP compliance, and solar linkage for integrated home energy management.

26A-Lite EV Charger Series
CategoryEV Chargers
Description

Lightweight EV charger series launched as part of Fox ESS's expanded EV charging product line, showcased at Intersolar Europe 2026 and The Smarter E Europe 2026.

27HP Series Heat Pump
CategoryHeat Pumps
Description

Heat pump system using R290 refrigerant with A+++ energy efficiency rating, capable of delivering water up to 75°C and operating stably at -25°C ambient temperature using EVI technology. Features full DC inverter technology and smart control with OTA updates and SG Ready compatibility.

28HP BOX Series Heat Pump
CategoryHeat Pumps
Description

Comprises Hydro Box and Hydro Module components for hydronic heating and domestic hot water applications, utilizing inverter technology and smart control for integration with solar storage systems.

29FoxCloud 2.0
CategorySmart Energy Management Software
Description

Fox ESS's smart monitoring platform that enables remote monitoring and management of energy storage systems, PV inverters, and EV chargers via web portal or smartphone app, with OTA remote software upgrades and SG Ready compatibility for heat pump integration.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership10 partners
Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2026-06-12
Description

Fox ESS signed 5 GWh strategic battery energy storage agreement with Solar Juice, one of Australia's leading renewable energy distributors, at SNEC exhibition in Shanghai. Agreement sets two-year supply target and extends partnership established in October 2025 when they signed first large-scale supply contract. Deal reinforces Fox ESS position as leading energy storage provider in Australia.

Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2026-06-12
Description

Fox ESS signed 5 GWh strategic battery energy storage agreement with Australian distributor OSW at SNEC exhibition. Partnership sets two-year supply target for residential, commercial, and industrial energy storage solutions in Australia and potentially beyond, combining OSW's global distribution network with Fox ESS energy storage technology.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-06-08
Description

Joint development partnership to create next-generation PQ3-Ultra residential storage system using Infineon's SMD full-SiC solutions achieving 98.78% PV grid-tied efficiency and 70% reduction in switching losses.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-04-08
Description

Fox ESS and ICBC (Thai) Leasing Company Limited signed strategic cooperation agreement at Thailand New Product Launch Ceremony 2026 in Bangkok to provide financing options making solar and storage solutions more accessible to Thai customers.

Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2026-03-16
Description

Strategic partnership announced at Solar Solutions Amsterdam 2026 to expand distribution across Dutch market. Part of broader European market expansion strategy.

Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2026-03-16
Description

Strategic partnership to expand sales and support in the Netherlands, announced at Solar Solutions Amsterdam 2026.

Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2026-03-16
Description

Strategic partnership to expand distribution across the Dutch market and Europe, announced at Solar Solutions Amsterdam 2026.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-02-16
Description

Fox ESS partnered with Origin Energy enabling Australian owners of Fox ESS home battery storage systems to join Origin's Loop virtual power plant program. Integration connects Fox ESS batteries to Origin's automated VPP network managing distributed energy resources to provide grid services and generate participant revenue.

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2026-02-12
Description

Fox ESS VPP partnership with Amber Electric enabling customers to participate in virtual power plant programs and earn credits towards energy bills by supporting the grid.

10DQA Solar
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Fox ESS SEA partnership with local partner DQA Solar in Vietnam, conducting two-day solar roadshow to showcase Fox ESS SEA's latest technologies designed to improve system efficiency, reliability, and scalability in Vietnamese market.

solarquarter.com
Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight8 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Chinese-founded global leader in solar inverters and energy storage systems, directly competing with Fox ESS across residential, C&I, and utility-scale segments. Both companies target the same installer and distributor channels in Europe, Australia, and emerging markets.

TypeDirect peer
Description

Chinese solar inverter and energy storage manufacturer with overlapping residential and C&I product lines. Competes with Fox ESS on hybrid inverters, batteries, and smart monitoring platforms across Europe, Australia, and Asia.

TypeBroad incumbent
Description

Tesla's energy business (Powerwall, Powerpack, Megapack) is a direct competitor in residential and C&I storage. Tesla's broader EV, software, and brand position make it a scaled incumbent adjacent to Fox ESS's residential and commercial markets.

TypeDirect peer
Description

Israel-headquartered manufacturer of DC-optimized inverters and residential energy storage. Overlaps with Fox ESS in residential hybrid inverter and battery categories across European and Australian markets.

TypeDirect peer
Description

US-headquartered leader in microinverters and home battery systems (IQ Battery). Competes with Fox ESS in residential solar-plus-storage, particularly in markets like the US, UK, and Australia, with a strong installer channel.

TypeDirect peer
Description

Zhejiang-based Chinese manufacturer of hybrid inverters and battery storage systems. Closely comparable to Fox ESS in product portfolio (hybrid inverters, lithium batteries) and go-to-market model (distributor-led) across European and Australian markets.

TypeDirect peer
Description

Chinese vertically integrated battery and energy storage manufacturer with both cell manufacturing and system integration. Competes with Fox ESS in C&I and residential battery storage, often with cost advantages from internal cell production.

TypeDirect peer
Description

Major Chinese competitor in smart PV and energy storage, particularly strong in utility-scale and C&I segments. Targets the same installer and developer channels as Fox ESS with string inverters and grid-forming storage solutions.

TypeDirect peer
Description

German-headquartered inverter pioneer offering residential, commercial, and utility-scale inverters plus battery storage systems. Competes with Fox ESS particularly in the German and broader European residential storage market.

TypeDirect peer
Description

Shenzhen-headquartered manufacturer of solar inverters and battery storage solutions with strong residential and C&I presence. Competes directly with Fox ESS on price, distribution, and product range across global markets.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration3 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Fox ESS

Solar Inverters and Energy Storage Systemsin.fox-ess.com

Fox ESS designs and manufactures solar inverters, lithium battery storage systems, hybrid inverters, EV chargers, and heat pumps for residential and commercial customers across more than 70 countries. The company holds No. 1 global market share in residential energy storage (2025) and distributes primarily through authorized installer and distributor networks.

What Fox ESS does

Fox ESS Co., Ltd. is a Wenzhou, China-based, privately held renewable energy hardware company founded in 2019 that designs and manufactures solar PV inverters (S, G, F, T, R series), hybrid inverters (H1/AC1, H3/AC3, H3 PRO, KH/KA), lithium battery storage systems (EQ low-voltage, EP and CQ-series high-voltage), commercial and industrial storage (G-Max Plus, Power Beast), EV chargers (A and L series), and heat pumps (HP and HP BOX). The product stack is unified by the FoxCloud 2.0 monitoring platform and increasingly by joint silicon-carbide technology development with Infineon Technologies, which powers the next-generation PQ3-Ultra residential system. Cumulative installed base exceeds 890,000 PV inverters and 1,000,000 batteries across more than 70 countries, with the company's footprint anchored by a Phase II factory in Wenzhou (46,000 m², target 50 GW annual capacity) launched in June 2026.

Fox ESS generates revenue primarily through one-time hardware sales across four streams: residential energy storage, commercial and industrial storage, EV chargers, and heat pumps. The company operates a pure channel model — products are sold through authorized distributors (Solar Juice, OSW, GPC Europe, VDH Power, Koninklijke Oosterberg, DQA Solar), financing partners (ICBC Thai Leasing), and a certified Elite Installer network (initially Germany and UK), with end customers split between residential homeowners (the primary segment) and commercial and industrial buyers (G-Max Plus deployments). Pricing is quote-based through distribution and not publicly disclosed, with one disclosed UK retail price point of £500–£1,000 for the MiniQube plug-and-play battery. Recurring/optional revenue is emerging through Virtual Power Plant integrations with Origin Loop and Amber Electric, which allow installed batteries to participate in grid services.

The company's market position is anchored by No. 1 global market share in residential energy storage for 2025 per S&P Global Energy, top positions in Germany and the UK, a record 97% System Performance Index from HTW Berlin and AQUU Research, BNEF Tier 1 status (Q4 2024), and inclusion in the Hurun Global Unicorn Index 2024 (implying a $1B+ valuation). The customer base is broad-based — only two named enterprise references (Ovos da Terra poultry farm in Brazil, Shandong Goldencell Electronics in China) appear in the source data — with the bulk of volume driven by distributed SMB/residential sales through the installer channel. Recent strategic moves include the 10 GWh Australian distributor agreements, the Infineon PQ3-Ultra co-development, the Sydney regional office, the ICBC Thai financing partnership, and a comprehensive rebrand in May 2026.

Fox ESS firmographics

Firmographics
Name
Fox ESS
Legal name
FOXESS CO., LTD.
Website
https://in.fox-ess.com
Company type
Private
Founded year
2019
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Fox ESS designs and manufactures solar inverters, lithium battery storage systems, hybrid inverters, EV chargers, and heat pumps for residential and commercial customers across more than 70 countries. The company holds No. 1 global market share in residential energy storage (2025) and distributes primarily through authorized installer and distributor networks.
Ownership category
akta.pro rank

Fox ESS industry classification

Industry
Product category
Solar Inverters and Energy Storage Systems
NAICS
Turbine and Turbine Generator Set Units Manufacturing (333611), Other Electric Power Generation (221118)
SIC
Switchgear & Switchboard Apparatus (3613), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electronic Coils, Transformers & Other Inductors (3677)
akta.pro industry
PRIMARYEUAMAHAB
Solar Inverters, Power Optimizers & MLPE Manufacturing
Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Equipment & Component Manufacturing (Modules, Turbines, Inverters, Towers, Blades)
SECONDARYEUAMABAE
Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters)
SECONDARYEUACAGAC
PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations)
Energy, Utilities & Environment/Electric Power Generation/Solar Power Generation (Utility-Scale PV & CSP)
SECONDARYEUAFAIAH
Harmonic Filtering, Power Quality & Active Front-End (AFE) Solutions
SECONDARYEUADAPAF
Renewables Monitoring & Controls (Solar/Wind/Hydro Edge)
SECONDARYEUAMAIAG
DERMS/ADMS & Grid Operations Software Integration (Dispatch, Constraint Mgmt)
Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Grid Integration & Interconnection (Power Electronics, SCADA, Forecasting)

Keywords

  • Solar inverters
  • Energy storage systems
  • Hybrid inverters
  • Lithium-ion batteries
  • Renewable energy hardware

Where Fox ESS is headquartered

Location

Headquarters

HQ city
Wenzhou
HQ country
China
HQ region
Asia

Offices3 records

Markets served

Fox ESS business model

Business model
GTM type
B2B and B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

  1. Hardware Sales - Residential Energy Storage: Sale of residential battery storage systems, hybrid inverters, and related components to homeowners and installers. Products include PQ3-H3-Ultra, AVO28 Avocado micro storage, and EQ/EP battery series.
  2. Hardware Sales - Commercial & Industrial Storage: Sale of C&I energy storage systems including G-Max Plus (125 kW nominal power, 241 kWh nominal energy) and Power Beast for commercial and industrial applications.
  3. EV Chargers: Sale of A Series and L Series EV chargers (7.3kW/11kW/22kW) featuring smart charging, OCPP compliance, dynamic load balance, solar linkage, and multiple connectivity options.
  4. Heat Pumps: HP Series and HP BOX Series heat pumps using R290 refrigerant with A+++ efficiency rating, capable of 75°C outlet temperature and stable operation at -25°C ambient temperature with EVI technology.

Pricing tiers

ModelBillingPrice
One time/ perpetual licensePay-as-you-goMiniQube plug-and-play battery for UK market

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Fox ESS product offering

Product offering

Core offering

Fox ESS designs, manufactures, and sells integrated renewable energy hardware including solar PV inverters (single-phase and three-phase grid-tie), hybrid inverters, lithium-ion battery storage systems (low-voltage EQ and high-voltage EP/CQ series), commercial & industrial all-in-one BESS (G-Max Plus), residential all-in-one storage systems (PQ3 series, Power Q, AVO28), EV chargers (A/L/A-Lite series), and R290 heat pumps (HP/HP BOX series). Products are managed through the FoxCloud 2.0 smart monitoring platform and support Virtual Power Plant (VPP) integration with platforms such as Origin Loop and Amber Electric for grid services revenue.

Product overview

Fox ESS is a global renewable energy solutions provider offering a comprehensive, integrated energy ecosystem spanning residential, commercial & industrial (C&I), and utility-scale applications. The portfolio centers on five interconnected product domains: (1) PV grid-tie inverters (S, G, F, T, R series) for solar conversion; (2) Hybrid inverters (H1/AC1 single-phase, H3/AC3 and H3 PRO three-phase, KH/KA) that integrate solar generation with battery storage; (3) Lithium battery systems including the EQ low-voltage stackable series, EP high-voltage series, and newer CQ-series high-voltage batteries (CQ6, CQ7); (4) C&I storage solutions including the G-Max Plus all-in-one BESS and Power Beast (H3 Plus + CQ7); and (5) connected end-use products including A/L Series EV chargers and HP/HP BOX heat pumps. These hardware products are managed through the FoxCloud 2.0 smart monitoring and control platform, which also enables Virtual Power Plant (VPP) participation via integrations with platforms like Origin Energy Loop and Amber Electric. Fox ESS holds the No. 1 global market share in residential energy storage (per S&P Global Energy 2025) and a record 97% System Performance Index (per HTW Berlin / AQUU Research 2026), demonstrating leading efficiency across its inverter-battery ecosystem.

Differentiator

Problem solved

Functional benefit

Products and services

  • S Series PV Inverter Single-phase grid-tie PV inverter series (S/G2 generation) for residential solar installations, part of Fox ESS's core inverter portfolio.
  • G Series PV Inverter Single-phase grid-tie PV inverter series for residential solar installations.
  • F Series PV Inverter Single-phase grid-tie PV inverter series (G2 generation) for residential PV installations.
  • T Series PV Inverter Three-phase grid-tie PV inverter series (G3) for commercial solar installations.
  • R Series PV Inverter Industrial and commercial core PV inverter series with 110 kW capacity for large-scale commercial installations (e.g., deployed at Shandong Goldencell Electronics with 5,088.26 kWp total capacity).
  • H1/AC1 Hybrid Inverter Single-phase hybrid inverter series (G2) that integrates solar generation with battery storage for residential backup power and self-consumption optimization.
  • H3/AC3 Hybrid Inverter Three-phase hybrid inverter series for residential and light commercial energy storage applications, enabling solar generation, battery storage, and grid interaction.
  • H3 PRO Hybrid Inverter Three-phase hybrid inverter available in 15-30 kW models, supporting dual independent battery inputs and configurations from 23.96 kWh to 144 kWh. IP65 rated, VPP-compatible with Amber and Origin Loop platforms, built-in Wi-Fi and LAN, 10-year warranty.
  • KH/KA Hybrid Inverter Series Hybrid inverter series for residential and commercial applications, complementing the H-series lineup.
  • Microinverter Microinverter product line for module-level power electronics in residential solar installations.
  • EQ Series Battery High-performance, scalable low-voltage battery storage system including EQ3300 (3.20 kWh), EQ4800 (4.66 kWh), and EQ5000 (4.92 kWh) models. Features 90% depth of discharge, stackable up to 7 modules in series, >95% charge/discharge efficiency, and operating temperature range of 0-55°C charge and -10-55°C discharge.
  • EP Series Battery High voltage battery series including EP5 (scalable to 10.4 kWh) and EP11 (scalable to 20.8 kWh), with 90% depth of discharge, IP65 protection, and compact wall/floor-mount installation.
  • CQ6 High Voltage Battery High-voltage modular battery energy storage system with individual units of 5.99 kWh capacity scalable to 83.86 kWh per stack, with system capacity reaching 251.58 kWh when paired with the H3 Plus inverter. Features >95% round-trip efficiency and 100% depth of discharge, qualifying for Australia's Cheaper Home Batteries Program.
  • CQ7 Battery High voltage battery module used in combination with the H3 Plus inverter as part of the Power Beast commercial storage solution.
  • G-Max Plus C&I Storage System All-in-one battery energy storage system (BESS) for commercial and industrial applications. 125 kW nominal power and 241 kWh nominal energy capacity using LFP (LiFePO4) batteries, integrating photovoltaic generation, storage, management, and critical load support.
  • Three-Phase ESS (C&I Storage) Commercial and industrial energy storage systems in three-phase configurations for business and industrial facilities.
  • Power Beast (H3 Plus + CQ7) Commercial and industrial energy storage solution combining the H3 Plus three-phase hybrid inverter with CQ7 battery modules for large-scale C&I deployments.
  • PQ3-Ultra Residential Storage System Next-generation all-in-one residential energy storage system jointly developed with Infineon Technologies, using full-SiC solutions to achieve 98.78% PV grid-tied efficiency and 98.47% battery charge/discharge efficiency with 70% reduction in switching losses.
  • PQ3-H3-Ultra Residential System Residential energy storage system achieving a record System Performance Index (SPI) of 97% — top-ranked by HTW Berlin and AQUU Research. Part of Fox ESS's flagship residential product line.
  • AVO28 Avocado Micro Storage Residential micro storage solution unveiled at SNEC 2026 and Intersolar Europe 2026, designed for compact home energy storage applications.
  • Power Q Series Residential energy storage system available in single-phase and three-phase configurations with LFP lithium-ion batteries. Delivers up to 89.6% round-trip efficiency, supports whole-house load backup with built-in 63 A gateway, and is designed for VPP applications with 5-second power scheduling.
  • P100 All-in-One System Residential energy storage system (6 kW + 10 kWh) combining solar compatibility, battery storage, and smart monitoring to reduce electricity bills and maintain power during grid disruptions. Deployed in Malaysia, Thailand, and Vietnam through local partnerships.
  • MiniQube Plug-and-Play Battery Plug-and-play residential battery designed to plug directly into a standard three-pin socket. Enables users to store cheap off-peak electricity for use during peak pricing hours. Estimated cost of £500-£1,000 each with potential annual savings of £125-£228.
  • A Series EV Charger European standard AC EV charger available in 7.3kW/11kW/22kW power ratings with plug, socket, and shutter variants. Features smart charging, OCPP 1.6/2.0.1 compliance, dynamic load balancing, solar linkage, and scheduling via app.
  • L Series EV Charger AC EV charger in 7.3kW/11kW variants with smart charging capabilities, OCPP compliance, and solar linkage for integrated home energy management.
  • A-Lite EV Charger Series Lightweight EV charger series launched as part of Fox ESS's expanded EV charging product line, showcased at Intersolar Europe 2026 and The Smarter E Europe 2026.
  • HP Series Heat Pump Heat pump system using R290 refrigerant with A+++ energy efficiency rating, capable of delivering water up to 75°C and operating stably at -25°C ambient temperature using EVI technology. Features full DC inverter technology and smart control with OTA updates and SG Ready compatibility.
  • HP BOX Series Heat Pump Comprises Hydro Box and Hydro Module components for hydronic heating and domestic hot water applications, utilizing inverter technology and smart control for integration with solar storage systems.
  • FoxCloud 2.0 Fox ESS's smart monitoring platform that enables remote monitoring and management of energy storage systems, PV inverters, and EV chargers via web portal or smartphone app, with OTA remote software upgrades and SG Ready compatibility for heat pump integration.

Quantifiable outcome

  • 98.78% PV grid-tied efficiency achieved with PQ3-Ultra system
  • +3 more outcomes

Companies that use Fox ESS

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Fox ESS technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Fox ESS partnerships and signals

Strategic signal

Partnerships

Ten partnerships are on record, tiered core and minor.

  • Solar JuicecoreChannel Partner/ Reseller/ Distributor · 12 June 2026Fox ESS signed 5 GWh strategic battery energy storage agreement with Solar Juice, one of Australia's leading renewable energy distributors, at SNEC exhibition in Shanghai. Agreement sets two-year supply target and extends partnership established in October 2025 when they signed first large-scale supply contract. Deal reinforces Fox ESS position as leading energy storage provider in Australia.
  • OSWcoreChannel Partner/ Reseller/ Distributor · 12 June 2026Fox ESS signed 5 GWh strategic battery energy storage agreement with Australian distributor OSW at SNEC exhibition. Partnership sets two-year supply target for residential, commercial, and industrial energy storage solutions in Australia and potentially beyond, combining OSW's global distribution network with Fox ESS energy storage technology.
  • Infineon TechnologiescoreStrategic or Co-development Partner · 8 June 2026Joint development partnership to create next-generation PQ3-Ultra residential storage system using Infineon's SMD full-SiC solutions achieving 98.78% PV grid-tied efficiency and 70% reduction in switching losses.
  • ICBC (Thai) Leasing Company LimitedcoreStrategic or Co-development Partner · 8 April 2026Fox ESS and ICBC (Thai) Leasing Company Limited signed strategic cooperation agreement at Thailand New Product Launch Ceremony 2026 in Bangkok to provide financing options making solar and storage solutions more accessible to Thai customers.
  • GPC EuropecoreChannel Partner/ Reseller/ Distributor · 16 March 2026Strategic partnership announced at Solar Solutions Amsterdam 2026 to expand distribution across Dutch market. Part of broader European market expansion strategy.
  • VDH PowercoreChannel Partner/ Reseller/ Distributor · 16 March 2026Strategic partnership to expand sales and support in the Netherlands, announced at Solar Solutions Amsterdam 2026.
  • Koninklijke OosterbergcoreChannel Partner/ Reseller/ Distributor · 16 March 2026Strategic partnership to expand distribution across the Dutch market and Europe, announced at Solar Solutions Amsterdam 2026.
  • Origin EnergycoreStrategic or Co-development Partner · 16 February 2026Fox ESS partnered with Origin Energy enabling Australian owners of Fox ESS home battery storage systems to join Origin's Loop virtual power plant program. Integration connects Fox ESS batteries to Origin's automated VPP network managing distributed energy resources to provide grid services and generate participant revenue.
  • Amber ElectricminorStrategic or Co-development Partner · 12 February 2026Fox ESS VPP partnership with Amber Electric enabling customers to participate in virtual power plant programs and earn credits towards energy bills by supporting the grid.
  • DQA SolarminorChannel Partner/ Reseller/ DistributorFox ESS SEA partnership with local partner DQA Solar in Vietnam, conducting two-day solar roadshow to showcase Fox ESS SEA's latest technologies designed to improve system efficiency, reliability, and scalability in Vietnamese market.

Scale indicators10 records

Recent moves8 records

Expansion highlights8 records

Fox ESS competitors and assessment

Company assessment

Direct peers

  • Sungrow Power Supply: Chinese-founded global leader in solar inverters and energy storage systems, directly competing with Fox ESS across residential, C&I, and utility-scale segments. Both companies target the same installer and distributor channels in Europe, Australia, and emerging markets.
  • GoodWe: Chinese solar inverter and energy storage manufacturer with overlapping residential and C&I product lines. Competes with Fox ESS on hybrid inverters, batteries, and smart monitoring platforms across Europe, Australia, and Asia.
  • SolarEdge Technologies: Israel-headquartered manufacturer of DC-optimized inverters and residential energy storage. Overlaps with Fox ESS in residential hybrid inverter and battery categories across European and Australian markets.
  • Enphase Energy: US-headquartered leader in microinverters and home battery systems (IQ Battery). Competes with Fox ESS in residential solar-plus-storage, particularly in markets like the US, UK, and Australia, with a strong installer channel.
  • SolaX Power: Zhejiang-based Chinese manufacturer of hybrid inverters and battery storage systems. Closely comparable to Fox ESS in product portfolio (hybrid inverters, lithium batteries) and go-to-market model (distributor-led) across European and Australian markets.
  • BYD Energy Storage: Chinese vertically integrated battery and energy storage manufacturer with both cell manufacturing and system integration. Competes with Fox ESS in C&I and residential battery storage, often with cost advantages from internal cell production.
  • Huawei Digital Power: Major Chinese competitor in smart PV and energy storage, particularly strong in utility-scale and C&I segments. Targets the same installer and developer channels as Fox ESS with string inverters and grid-forming storage solutions.
  • SMA Solar Technology: German-headquartered inverter pioneer offering residential, commercial, and utility-scale inverters plus battery storage systems. Competes with Fox ESS particularly in the German and broader European residential storage market.
  • Growatt: Shenzhen-headquartered manufacturer of solar inverters and battery storage solutions with strong residential and C&I presence. Competes directly with Fox ESS on price, distribution, and product range across global markets.

Broad incumbents

  • Tesla Energy: Tesla's energy business (Powerwall, Powerpack, Megapack) is a direct competitor in residential and C&I storage. Tesla's broader EV, software, and brand position make it a scaled incumbent adjacent to Fox ESS's residential and commercial markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Fox ESS social profiles

Digital presence

Fox ESS compliance and trust

Trust signal

Compliance3 records

Fox ESS financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Fox ESS leadership team

Management profile

Number of profiles

Profiles3 records

Fox ESS funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Fox ESS M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Fox ESS

What does Fox ESS do?

Fox ESS designs, manufactures, and sells integrated renewable energy hardware including solar PV inverters (single-phase and three-phase grid-tie), hybrid inverters, lithium-ion battery storage systems (low-voltage EQ and high-voltage EP/CQ series), commercial & industrial all-in-one BESS (G-Max Plus), residential all-in-one storage systems (PQ3 series, Power Q, AVO28), EV chargers (A/L/A-Lite series), and R290 heat pumps (HP/HP BOX series). Products are managed through the FoxCloud 2.0 smart monitoring platform and support Virtual Power Plant (VPP) integration with platforms such as Origin Loop and Amber Electric for grid services revenue.

Is Fox ESS a public or private company?

Fox ESS is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Fox ESS founded?

Fox ESS was founded in 2019. It employs 1,001 to 5,000 people.

Where is Fox ESS based?

Fox ESS is headquartered in Wenzhou, China, in the Asia region.

How does Fox ESS make money?

Four revenue lines are on record. Hardware Sales - Residential Energy Storage is the primary driver. The others are hardware Sales - Commercial & Industrial Storage, EV Chargers and heat Pumps.

Who are Fox ESS's main competitors?

Direct peers on record are Sungrow Power Supply, GoodWe, SolarEdge Technologies, Enphase Energy, SolaX Power, BYD Energy Storage, Huawei Digital Power, SMA Solar Technology and Growatt. Tesla Energy is listed as a broad incumbent.

Does Fox ESS have an API?

No public API is recorded for Fox ESS.

What industry is Fox ESS in?

Fox ESS's product category is Solar Inverters and Energy Storage Systems. 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 333611 and its SIC code is 3613.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
ANTARA NewsFox ESS Unveils Power Beast at Its First C&I New Product Launch EventFox ESS unveiled Power Beast at its 2026 new product launch in Wenzhou, China, on Sept 21. The C&I energy storage system combines a 125 kW H3 Plus inverter with CQ batteries, with a live build of 316 kWh completed in under 30 minutes. It supports modular expansion up to 96 MWh in grid-connected mode.PR Newswire APACFox ESS Unveils Power Beast at Its First C&I New Product Launch EventFox ESS unveiled Power Beast at its first APAC new product launch in Wenzhou, China, on Sept 21, 2026. The C&I energy storage system combines a 125 kW H3 Plus inverter with CQ batteries, offering modular scaling from 28 kWh to nearly 1,000 kWh. A live build of 316 kWh was completed in under 30 minutes.Pv-magazine-usaGlobal residential storage market to hit 46.1 GWh in 2026InfoLink Consulting projects global residential energy storage capacity additions to reach 46.1 GWh in 2026, led by Europe, Oceania, and Asia. Fox ESS, Sigenergy, and Deye ranked top three suppliers by shipment volume in H1 2026, with market shares of 11.5%, 11.3%, and 11.0% respectively.Pv-magazineFox ESS Achieves No. 1 Market Share in Europe’s Residential Energy StorageFox ESS is identified as the top residential energy storage brand in Europe for H1 2026, with the European battery storage market projected to grow 78% to 57 GWh in 2026. The company's integrated home energy ecosystem and new Wenzhou factory support its market leadership.FinanzNachrichten.deHeimspeicher: Fox ESS weltweit im 1. Hj 2026 bei Auslieferungen vornFox ESS ranked first in global residential ESS shipments for the first half of 2026, according to InfoLink Consulting. The ranking is based on a global database analysis. The company cited the study in its announcement.FinanzNachrichten.deFox ESS steigt mit Siliziumkarbid-Technologie von Infineon die Effizienz seiner Heimspeicher auf bis zu 98,47 ProzentFox ESS will adopt Infineon's SiC MOSFETs in its home storage system, reducing switching losses by 70%. The PQ3-Ultra inverter achieves up to 98.78% efficiency in grid-tied operation and 98.47% for battery charging and discharging.eeNews EuropeInfineon SiC boosts Fox ESS storage efficiencyInfineon is supplying its CoolSiC MOSFETs 1200 V G2 to Fox ESS for the PQ3-Ultra residential energy storage system, cutting switching losses by 70% and enabling peak PV inverter efficiency of 98.78% and battery charge/discharge efficiency of 98.47%. The hybrid system combining the PQ-H3-Ultra-10.0 inverter with the EQ3300-5 battery achieved a System Performance Index of 97.0%, ranking first in the 10 kW class.The Cool DownAustralian homeowner says 'whole-home backup' battery won't run air conditioner in blackoutA SolarQuotes Blog post highlights a Facebook group complaint that a FoxESS 41 kWh battery with a 3-phase 15 kW inverter failed to run a homeowner's air conditioner during a blackout, with the installer advising to switch off the battery and use the grid. The author explains a 15 kW three-phase inverter delivers roughly 5 kW per phase, so a single-phase load over 6 kW can exceed backup capacity. He notes consumer law may allow a refund or replacement if a blackout guarantee was given.ANTARA NewsFox ESS Tops Global Residential ESS Shipments in H1 2026Fox ESS was ranked No. 1 in global residential energy storage system shipments for H1 2026 by InfoLink Consulting, leading the top five suppliers as global residential shipments rose 137.67% year-on-year to 39.07 GWh. The company reported 3.1 GWh of residential installations in Australia and Europe from January to July 2026. InfoLink raised its full-year 2026 forecast to 662 GWh.AD HOC NEWSInfineon stock holds firm as silicon carbide deal supports long-term growthInfineon Technologies shares traded at EUR 55.19, up 0.62 percent, on the Frankfurt Stock Exchange on August 27, 2026, after the company announced on August 26 it would supply silicon carbide power semiconductors to Fox ESS for residential energy storage systems. The firm's market value is cited as EUR 71.6 billion, with investors weighing the deal against recent declines following quarterly results and a buyback program.