What Cinergia Power Solutions does

Cinergia Power Solutions is a Spain-based designer and manufacturer of regenerative and programmable power converters used in industrial test and measurement environments. Founded in 2008 from a university R&D center, the company sells a product catalogue of Grid Simulators, Electronic Loads, and combined All-Terrain units that operate in closed energy loops, recirculating power rather than dissipating it as heat. Its portfolio includes the SiC-RS Rack Series family (2023-2024), the PLUS2 master/slave platform (2019-2020), and the flagship SiC-RSe (2025) with Mixed Mode concurrent multi-test capability, all built around Silicon Carbide (SiC) semiconductor technology introduced in 2021. The SiC-RSe won the Innovation of the Year award at Elektronikmässan 2025 in Stockholm.

The company's core technology reduces total grid power consumption in test environments to converter losses (20-35% of the power generated by the unit under test, equivalent to 65-80% energy savings versus conventional dissipative methods), enabling high-power equipment such as 100 kW PV inverters to be tested in 20-35 kW laboratory installations. Products integrate via the MODBUS/TCP protocol and ship with LabVIEW drivers and open-source starter projects, easing deployment in functional, end-of-line, R&D, and power-hardware-in-the-loop (PHiL) test benches.

Cinergia operates a sales-led, distributor-driven go-to-market model with no public pricing or self-serve e-commerce channel. It serves electromobility, smart grid, photovoltaic, aerospace, industrial test, energy storage, and academic/research customers across more than 20 European countries and selected markets in the Americas (USA) and Asia (China, Israel, India, Singapore, South Korea). The company has shipped more than 18 MW of installed regenerative converter capacity worldwide and is owned by the Spanish private equity firm Sotavento, which acquired the company in 2021 alongside the appointment of CEO Jorge Rivero.

Name

Cinergia Power Solutions

Legal name

Cinergia Power Solutions

Website

https://cinergia.coop

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Cinergia Power Solutions designs and manufactures regenerative power converters, including grid simulators and electronic loads, for testing electric vehicles, renewable inverters, smart grids, aerospace systems, and energy storage. The Spain-based firm sells globally through regional distributors to industrial, R&D, and academic customers.

Ownership category

akta.pro rank

Product category

Power Electronics Test Equipment

NAICS

Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Power Electronics for Renewable & Grid-Tied Applications (Solar inverters, wind converters, grid-tie interfaces) (IMAGADAJ)

akta.pro secondary industries

Power Conversion Systems for Energy Storage (Bidirectional converters, PCS) (IMAGADAE), Power Conversion Systems for Storage & Charging (PCS, bidirectional inverters, DC/DC) (IMAGAHAE), Renewable Power Electronics & Advanced Inverters R&D (SiC/GaN, Grid-Forming, HVDC Converter Tech) (EUAMAOAF)

Keywords

• Regenerative power converters
• Grid simulation equipment
• Electronic load testing
• Silicon carbide converters
• Power hardware-in-loop

Headquarters

HQ city

Argentona

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Power Electronics Hardware Sales: Cinergia generates revenue primarily through the sale of its regenerative power converter product families: Grid Simulator, Electronic Load, and All-Terrain Grid Simulator & Electronic Load. Products are sold in standard catalogue configurations (Rack Series/SiC-RS, PLUS, PLUS2) as well as through tailored power electronics solutions. This is a one-time hardware sale model, likely supplemented by professional services and after-sales support.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Cinergia Power Solutions designs and manufactures regenerative and programmable power converters for the test and measurement sector. Its product families — Grid Simulators, Electronic Loads, and All-Terrain Grid Simulator & Electronic Load units (in PLUS, PLUS2, and Rack/SiC-RS/SiC-RSe formats) — use Silicon Carbide (SiC) semiconductor technology to recirculate energy in closed-loop configurations, enabling functional, quality, end-of-line, and R&D testing for EVs, batteries, renewables, smart grids, aerospace, energy storage, and academic applications.

Product overview

Cinergia Power Solutions develops regenerative and programmable power converters for the test and measurement sector. The product portfolio centers on core hardware platforms: the standard Product Catalogue (launched 2014), PLUS Family and PLUS2 Platform (master/slave expansion), and the SiC-RS/Rack Series family (2017-2024) featuring 19-inch rack-mounted Grid Simulators, Electronic Loads, and combined All-Terrain units. The flagship SiC-RSe adds Mixed Mode capability for concurrent multi-testing. Products support applications in Electromobility, Smart Grids, Aerospace, Photovoltaic, Industrial Testing, Power HiL, Energy Storage, and Academic Research. Integration is achieved via MODBUS/TCP (built-in) or LabVIEW drivers (included).

Differentiator

Problem solved

Functional benefit

Products and services

• SiC-RSe (Rack Series Enhanced) AC/DC Grid Simulator & Electronic Load with Mixed Mode, functioning as a full testing platform on its own by enabling concurrent multi-test execution for optimized testing resources.
• Rack Series (SiC-RS) 19-inch rack format regenerative product family including Grid Simulator, Electronic Load, and All-Terrain Grid Simulator & Electronic Load for high-power testing applications.
• SiC-RS P&P Cabinet All-in-one cabinet with pre-wired power electronics units and transformers delivering plug-and-play simplicity for power testing without sacrificing flexibility.
• Grid Simulator Regenerative grid simulator for emulating the grid of the future and carrying out tests on different elements that will be part of smart grid systems.
• Electronic Load Regenerative electronic load device for functional testing, quality testing, R&D and academic applications in power electronics.
• All-Terrain Grid Simulator & Electronic Load Versatile regenerative power converter combining grid simulation and electronic load functionality in a rugged form factor for harsh testing environments.
• PLUS2 Platform Master/slave connection platform enabling multiple units to work together for high-power testing platforms, expanding the field of applications beyond single-unit capabilities.
• PLUS Family Technical evolution of Cinergia's standard product catalogue offering enhanced regenerative power conversion capabilities for industrial testing, R&D, and academic applications.

Quantifiable outcome

• Energy consumption for PV inverter testing reduced to 20-35% of the power generated by the unit under test (i.e., 65-80% energy savings vs. conventional methods)
• +3 more outcomes

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core and major.

• SalicrucoreStrategic or Co-development Partner · 1 January 2014An industrial partnership agreement with Salicru was signed at both production and R&D levels in 2014. Salicru is a power electronics company, and the partnership enabled collaborative manufacturing and technology development for Cinergia's standard product catalogue launched that year.
• KMi System (South Korea)majorChannel Partner/ Reseller/ DistributorKMi System from South Korea serves as Cinergia's partner in the Korean market, receiving intensive SAT (Site Acceptance Testing) training and technical training at Cinergia's Barcelona headquarters. The partnership involves both distribution of Cinergia products and technical support capabilities.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Keysight Technologies: Global test & measurement giant offering power supplies, electronic loads, and grid simulators for EV, PV, and aerospace testing. Much larger scale and broader portfolio than Cinergia; competes in enterprise and tier-1 OEM accounts where Cinergia also sells.
• AMETEK Programmable Power: Division of AMETEK offering programmable AC/DC power sources and electronic loads (Sorensen, Elgar, California Instruments brands). Broader portfolio and global scale than Cinergia but serves many of the same test & measurement customers in aerospace, defense, EV, and renewable applications.

Direct peers

• Heinzinger electronic GmbH: German manufacturer of programmable and bidirectional power supplies and power electronic converters for industrial, research, and renewable energy applications. Comparable European engineering heritage and customer base to Cinergia.
• Kikusui Electronics Corporation: Japanese manufacturer of AC/DC power supplies, electronic loads, and power electronics test systems serving EV, battery, and renewable markets. Comparable regenerative and bidirectional product offerings to Cinergia, with strong Asia-Pacific presence.
• Regatron AG: Swiss manufacturer of programmable and regenerative DC/AC power supplies for test & measurement, EV, PV, and energy storage applications. Closest direct competitor to Cinergia in regenerative converter topology and target customer base.
• Chroma ATE Inc. Taiwan-based global supplier of power electronics test & measurement instruments including regenerative power supplies, electronic loads, and grid simulators for EVs, batteries, PV, and renewable applications. Directly competes with Cinergia in laboratory and end-of-line test systems.
• EA Elektro-Automatik (part of AIM-TTI): German manufacturer of programmable power supplies and regenerative electronic loads for laboratory, R&D, and industrial testing. Overlapping product range (bidirectional converters, electronic loads, grid simulators) and customer base with Cinergia, especially in European academic and EV test markets.
• NF Corporation: Japanese supplier of power electronics test equipment including bidirectional power supplies, electronic loads, and power amplifiers. Overlapping use cases in EV powertrain, battery, and renewable testing, particularly relevant for Asia-Pacific customers.
• NH Research (NHR): US-based designer of regenerative power test systems, electronic loads, and battery cyclers for EV, energy storage, aerospace, and renewable applications. Direct overlap with Cinergia's product categories (regenerative converters, electronic loads) and target verticals.

Others

• Salicru S.A. Spanish power electronics manufacturer that has been Cinergia's industrial partner since 2014 across production and R&D. While not a direct competitor in regenerative test equipment, Salicru operates in adjacent power conversion (UPS, voltage stabilizers, PV inverters) and is a strategic manufacturing collaborator.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/CinergiaCoop
• YouTubeyoutube.com/channel/UCGg3kex4IV5YyIyY9Fm1DYA
• LinkedInlinkedin.com/company/cinergia-power-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Cinergia Power Solutions