AQS Med
AQS Med is a Malta-based renewable energy engineering company that designs, installs, and finances solar PV, battery storage, EV charging, smart home automation, and heat pump solutions for residential and commercial customers across Malta, operating as both installer and asset owner.
- Company typePrivate
- Founded2010
- HeadquartersBirkirkara, Malta
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What AQS Med does
AQS Med Ltd. is a Malta-based renewable energy and smart building engineering company founded in 2010, operating exclusively in the domestic Maltese market with a headcount of 11-50 employees. The company delivers turnkey solar photovoltaic (PV) systems, energy storage, EV charging infrastructure, Z-Wave smart home automation, heat pumps and gas boilers, and IoT-based energy monitoring for residential and commercial customers. Its product portfolio is built on tier-1 components (Longi, Q-Cells, Canadian Solar, Huawei, SolarEdge, Fibaro, Schletter, Climer, Cosmogas) combined with proprietary engineering processes including 3D shadow analysis, yield simulation, wind loading studies, and ballast planning. The company also holds exclusive Malta distribution for ESY All-In-One backup storage systems.
AQS Med operates a sales-led, direct-to-customer go-to-market with separate residential and commercial sales teams, supported by engineering design and application management for REWS grant submissions, Enemalta grid-connection studies, and planning permits. Revenue is generated primarily through one-time equipment sales and installation services, complemented by three commercial leasing models (full-financing/transfer, fixed annual rental, and variable revenue share) tied to 20-year feed-in tariff terms, plus energy monitoring and billing integrations for EV charging.
The company's enterprise credentials include multi-MW installations for Playmobil (2.17MW), Corinthia Group (1.6MW across hotels), Methode (1.4MW), PAMA Shopping Village and Supermarket, Water Services Corporation reservoirs, and Enemalta buildings. Revenue figures are not publicly disclosed. Through wholly-owned subsidiaries AQS Solar Capital Ltd and Malta Solar Parks Ltd, the company finances and owns portions of its own PV project portfolio, creating a hybrid installer-and-asset-owner model.
AQS Med firmographics
Firmographics- Name
- AQS Med
- Legal name
- AQS Med Ltd.
- Website
- https://aqsmed.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- AQS Med is a Malta-based renewable energy engineering company that designs, installs, and finances solar PV, battery storage, EV charging, smart home automation, and heat pump solutions for residential and commercial customers across Malta, operating as both installer and asset owner.
- Ownership category
- akta.pro rank
AQS Med industry classification
Industry- Product category
- Renewable Energy Installation Services
- NAICS
- Computer Systems Design Services (541512)
- SIC
- Cogeneration Services & Small Power Producers (4991), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Meter Data Management Systems (MDMS) (EUADAFAB)
- akta.pro secondary industry
- End-User Device Management (UEM/MDM, Desktop/Laptop/Tablet) (BPAEAIAB)
Keywords
Where AQS Med is headquartered
LocationHeadquarters
- HQ city
- Birkirkara
- HQ country
- Malta
- HQ region
- Europe
Offices1 record
Markets served
AQS Med business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Solar PV Equipment Sales and Installation: Outright sale of photovoltaic systems including panels, inverters, and mounting structures for both residential and commercial customers. The company also offers leasing and revenue-sharing options with no capital outlay for commercial PV projects, allowing landowners and building occupiers to benefit from revenue streams with buy-in options. Revenue is generated from direct equipment sales and financing arrangements.
- Smart Home Automation Systems: Sale and installation of wireless Z-Wave home automation systems including smart controllers, sensors, lighting, climate control, blinds, and security devices. Revenue from equipment sales and installation services.
- EV Charging Solutions: Sale of EV chargers (socket type and tethered type, AC and DC) for residential and commercial applications including car parks and car ports. Commercial offerings include outright sale, leasing with software licence and maintenance, or revenue sharing with land/building owners.
- Commercial Leasing and Revenue Share: Three leasing models for commercial PV projects: (A) Full financing with delayed ownership where the system pays itself through energy generated before transferring ownership; (B) Rental model with fixed annual sum for 20-year FIT duration; (C) Variable revenue share aligned with system performance for 20-year FIT term. EV charging projects also offered under similar leasing structures.
- Feed-in Tariff Revenue: For PV grant recipients, exported units are sold at a fixed feed-in tariff rate of 10.5c per kWh for 20 years. For FIT option (without grants), the selling rate is 15c per unit fixed for 20 years, beneficial for properties with larger daily export volumes.
- Energy Monitoring and IoT Services: Monitoring-as-a-service offering for ESG audit firms, providing metering services and actual energy consumption data in Excel format for audit analysis.
- Heat Pump and Boiler Sales/Installation: Sales and installation of Climer heat pumps and Cosmogas gas boilers (including their patented heat exchanger technology) for domestic water heating and underfloor heating applications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Pay-as-you-go | Option A: PV System with Standard Inverter |
| Hybrid | Pay-as-you-go | Option B: PV System with Battery Storage Only |
| Hybrid | Pay-as-you-go | Option C: Hybrid/Battery Inverter and Battery |
| Hybrid | Pay-as-you-go | Option D: Battery Storage Only |
| Subscription | Annual | Feed-in Tariff Option (No Grant) |
| Other | Multi-year contract | Commercial PV Leasing Options |
| Other | Pay-as-you-go | Heat Pump Grant |
| Subscription | Annual | Commercial Feed-in Tariff |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
AQS Med product offering
Product offeringCore offering
AQS Med is a Malta-based renewable energy engineering company that supplies, designs, installs, and maintains solar photovoltaic systems, battery energy storage, EV chargers, Z-Wave smart home automation, heat pumps and gas boilers, and IoT-based energy monitoring for residential, commercial, and government customers. The company operates as a turnkey contractor, providing 3D shadow analysis, yield simulation, wind loading studies, and post-installation monitoring/maintenance, with commercial leasing and revenue-sharing options that allow customers to adopt solar and EV charging without capital outlay.
Product overview
AQS Med is a Malta-based engineering company offering renewable energy and smart home solutions through a comprehensive product portfolio. The core offerings include Solar Photovoltaic (PV) Systems (with tier-1 panels from Longi, Q-Cells, Canadian Solar and inverters from Huawei, SolarEdge), ESY Energy Storage (all-in-one backup systems with modular batteries), Smart Home Automation (Z-Wave based platform controlling security, safety, climate, and lighting), EV Chargers (AC/DC options for residential and commercial), and Energy Monitoring (IoT-based business solutions). Additional offerings include Water/Underfloor Heating (heat pumps from Climer and gas boilers from Cosmogas), Battery Storage (BYD, SolarEdge, Huawei, Goodwe), and Off-Grid Solutions (Victron-based). Services include residential and commercial grants administration, financing options, and installation/maintenance. The company operates on a turnkey basis from supply through engineering, installation, certification, and after-sales service.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar Photovoltaic (PV) Systems Turnkey solar PV systems for residential and commercial installations using tier-1 panels (Longi, Q-Cells, Canadian Solar) and Huawei or SolarEdge hybrid inverters, with options for outright purchase, leasing, or revenue sharing. Includes 3D shadow analysis, yield simulation, wind loading studies, ballast planning, and grant/FIT administration.
- ESY Energy Storage Systems Exclusive Malta range of ESY All-In-One residential and commercial backup storage systems acting as UPS for whole homes and small businesses, with or without solar PV. Modular batteries range from 5kWh to 96kWh with up to 12kW AC (single-phase) and up to 20kW (three-phase) output.
- Battery Storage Solutions Solar PV storage solutions with eco or backup options using established inverter brands (Huawei, Goodwe, BYD, SolarEdge) and their battery storage systems, suitable for grid-connected and off-grid applications.
- Smart Home Automation Wireless home automation system based on Z-Wave protocol that integrates security, safety, energy management, and comfort living on one unified platform. Controls lighting, climate, blinds, and security devices via mobile app and voice assistants (Amazon Alexa, Google Home, Siri), using Fibaro, Qubino, MCOHome, and Aeotec devices.
- Heat Pump Water Heating Heat pump water heaters from Climer that extract heat from air to heat water, achieving up to 75% more efficiency than traditional water heaters. Features include wifi connectivity, intelligent control, low acoustic impact fans, and 2205/444 stainless steel tanks.
- Gas Boilers Condensing gas boilers and water heaters from Cosmogas featuring patented titanium stainless steel 316 Ti tube heat exchangers, double condensation technology achieving nearly 100% efficiency, and a turndown ratio of 1:8. A Cosmogas unit for pool water heating is also available.
- Water and Underfloor Heating Water and underfloor heating solutions for residential and commercial buildings powered by energy efficient heat pumps, gas boilers, or hybrid systems.
- EV Chargers Electric vehicle charging solutions for residential and commercial applications including car parks and car ports. Offers both socket type and tethered type chargers with AC and DC charging options, plus software integration for billing systems and loyalty schemes. Commercial offerings include outright sale, leasing with software licence and maintenance, or revenue sharing.
- AQS Energy Monitoring Energy monitoring solutions using IoT devices for businesses, featuring customised comprehensive dashboards for real-time energy data, cost optimisation, predictive maintenance, and metering services for ESG auditors.
- Off-Grid Solutions Customised off-grid power solutions for caravans, boats, or remote locations using Victron high-end products combining solar power, batteries, and optional generators. AQS handles sizing of PV panels, charge controllers, and inverters for these custom solutions.
- Residential Grants & Incentives Administration Assistance with residential REWS grant options including PV systems with standard inverters (50% refund up to €2,500, €625/kWp), battery storage (80% refund up to €7,200, €720/kWh), hybrid inverter and battery (80% refund up to €3,600 + €1,800), battery storage only (80% refund up to €3,600), feed-in tariff (10.5c/kWh for 20 years), and 3-year repayment plans aligned with savings.
- Commercial Grants, Leasing & Feed-in Tariff Support Commercial PV project support including Feed-in Tariff applications (15c/kWh fixed for 20 years up to 40kWp; competitive bidding above 40kWp), three leasing models (full financing with delayed ownership, fixed rental model for 20-year FIT term, variable revenue share for 20-year FIT term), and EV charging station installation with outright sale, leasing, or revenue sharing.
- Solar Mounting Structures Solar panel mounting systems from Schletter and Metaloumin using marine grade aluminium with superior structural design to withstand wind loads up to Force 12 and 20-year-plus lifetime, including options for industrial roofs, facades, solar carports, and ground-mounted structures.
Quantifiable outcome
- 50,000+ solar panels installed across residential and commercial projects
- +6 more outcomes
Companies that use AQS Med
Customer profileNamed customers22 records
Segments4 records
Ideal customer profiles4 records
AQS Med technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration21 records
Feature4 records
AQS Med partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core.
- LongicoreAQS is the local partner for Longi — the world's largest global manufacturer of solar panels. Longi is a Bloomberg tier-1 listed manufacturer, ensuring high quality standards and realistic warranties backed by a financially robust company. AQS uses Longi panels across residential and commercial PV installations.
- Q-Cells (Hanwha)coreAQS works with Q-Cells (Hanwha) as another Bloomberg tier-1 manufacturer alongside Longi and Canadian Solar. Q-Cells' Q.Peak Duo G6 series panels (with Q.Antum PERC technology and 6 busbars) are used in AQS installations, offering outputs from 355W to 420W.
- HuaweicoreAQS is a local partner for Huawei, providing string-type hybrid inverters compatible with battery storage and offering live monitoring via the Huawei app on all platforms. Huawei inverters include optimizers for individual panel output optimization, particularly beneficial in partially shaded conditions.
- SolarEdgecoreAQS is a local partner for SolarEdge, providing string-type hybrid inverters fully compatible with battery storage and offering live monitoring via the SolarEdge app. Both Huawei and SolarEdge offer optimizers for individual panel performance optimization.
- FibarocoreAQS offers a wireless home automation solution based on the Z-Wave protocol, primarily using Fibaro Z-Wave controllers and sensors. Fibaro is a leading Z-Wave manufacturer providing smart home hubs, sensors, and controllers integrated into AQS's automation offerings.
- SchlettercoreAQS uses Schletter mounting systems for PV installations, which offer superior structural design and marine-grade aluminium to ensure systems withstand Malta's coastal conditions and tough elements for 20+ years.
- MetaloumincoreAQS uses Metaloumin mounting systems as an alternative to Schletter, both providing marine-grade aluminium mounting structures designed to withstand Malta's coastal environment.
- ClimercoreAQS is a local partner for Climer, a leading European heat pump manufacturer. Climer heat pumps offer hot water up to 55°C in heat pump mode with wifi connectivity, intelligent control, low acoustic impact fans, and 2205/444 stainless steel tanks that eliminate the need for a sacrificial anode. Climer offers products for both commercial and residential installations.
- CosmogascoreAQS is a local partner for Cosmogas, an Italian boiler manufacturer founded in 1966. Cosmogas designs and develops the widest range of condensing boilers and water heaters, featuring a patented heat exchanger using Titanium Stainless Steel 316 Ti tubes for optimal water flow and long-term efficiency. A Cosmogas unit for pool water heating is also available.
- BYDcoreAQS offers BYD battery storage systems as part of their solar PV storage solutions with eco or backup options, providing one of several well-established inverter and battery brands to best fit customer requirements and budget.
Scale indicators6 records
Recent moves9 records
Expansion highlights6 records
AQS Med competitors and assessment
Company assessmentDirect peers
- ChargePoint: EV charging network operator with hardware, software, and revenue-share commercial deployment models. Directly comparable to AQS's EV charging commercial leasing and revenue-share offerings.
- Sunrun: Largest US residential solar installer offering PV, battery storage, and EV charging with leasing/PPA structures. Highly comparable business model to AQS — turnkey residential and commercial solar plus multi-product bundling.
- Fibaro (Nice Group): Z-Wave smart home automation leader and AQS's primary automation supplier. Closely tied to AQS's product stack — comparable smart home technology platform and integration with energy management.
- Loxone: Smart home automation specialist (proprietary wireless protocol, integrated energy/climate/security). Closest comparable to AQS's Z-Wave/Fibaro-based home automation offering.
- Lightsource bp: Utility-scale and commercial solar developer/owner-operator with PPA/leasing structures. Comparable commercial solar project ownership and FIT/PPA business model to Malta Solar Parks Ltd.
- SunPower: Residential and commercial solar installer with proprietary panel technology and dealer/installer network. Comparable turnkey PV installation business model and customer segments.
Broad incumbents
- Enphase Energy: Microinverter and battery storage platform (IQ8, IQ Battery) deployed through installer networks. Comparable component-side exposure to AQS's storage and inverter product lines.
- Tesla Energy: Solar roof, Powerwall storage, and EV charging suite. Comparable product breadth (PV + storage + EV) and exclusive-product emphasis, though Tesla Energy operates as part of a much larger global OEM/incumbent.
- Schneider Electric: Global energy management and storage incumbent offering solar inverters, storage, and energy monitoring platforms. Comparable across the storage and energy-monitoring segments AQS serves.
Others
- SolarEdge: Tier-1 inverter and optimizer manufacturer that is also an AQS supplier. Comparable technology stack, though SolarEdge is upstream as a component vendor rather than an installer like AQS.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
AQS Med social profiles
Digital presenceAQS Med financial estimates
Financial estimateRevenue estimate
Valuation estimate
AQS Med leadership team
Management profileNumber of profiles
Profiles7 records
AQS Med subsidiaries and ownership
Company hierarchySubsidiaries2 records
AQS Med funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AQS Med 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 AQS Med
What does AQS Med do?
AQS Med is a Malta-based renewable energy engineering company that supplies, designs, installs, and maintains solar photovoltaic systems, battery energy storage, EV chargers, Z-Wave smart home automation, heat pumps and gas boilers, and IoT-based energy monitoring for residential, commercial, and government customers. The company operates as a turnkey contractor, providing 3D shadow analysis, yield simulation, wind loading studies, and post-installation monitoring/maintenance, with commercial leasing and revenue-sharing options that allow customers to adopt solar and EV charging without capital outlay.
Is AQS Med a public or private company?
AQS Med is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was AQS Med founded?
AQS Med was founded in 2010. It employs 11 to 50 people.
Where is AQS Med based?
AQS Med is headquartered in Birkirkara, Malta, in the Europe region.
How does AQS Med make money?
Seven revenue lines are on record. Solar PV Equipment Sales and Installation is the primary driver. The others are smart Home Automation Systems, EV Charging Solutions, commercial Leasing and Revenue Share, feed-in Tariff Revenue, energy Monitoring and IoT Services and heat Pump and Boiler Sales/Installation.
Who are AQS Med's main competitors?
Direct peers on record are ChargePoint, Sunrun, Fibaro (Nice Group), Loxone, Lightsource bp and SunPower. Broad incumbents are Enphase Energy, Tesla Energy and Schneider Electric. SolarEdge is listed as an others.
Does AQS Med have an API?
No public API is recorded for AQS Med.
What industry is AQS Med in?
AQS Med's product category is Renewable Energy Installation Services. Its primary akta.pro industry code is EUADAFAB, Meter Data Management Systems (MDMS), with a secondary code of BPAEAIAB, End-User Device Management (UEM/MDM, Desktop/Laptop/Tablet). Its NAICS code is 541512 and its SIC code is 4991.