Millennium Electric
- Company typePrivate
- Founded1999
- HeadquartersRa'anana, Israel
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
Millennium Electric firmographics
Firmographics- Name
- Millennium Electric
- Legal name
- Millennium Electric T.O.U. Ltd.
- Website
- https://millenniumsolar.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Millennium Electric industry classification
Industry- Product category
- Solar Energy Equipment Manufacturing
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar Thermal & CSP Systems (Collectors, Receivers, Thermal Storage, CSP EPC) (EUAMABAL)
- akta.pro secondary industries
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC), Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)
Keywords
Where Millennium Electric is headquartered
LocationHeadquarters
- HQ city
- Ra'anana
- HQ country
- Israel
- HQ region
- Middle East
Offices2 records
Markets served
Millennium Electric business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Solar Panel Manufacturing & Sales: Manufacturing and sale of PV Mono/Poly crystalline solar panels under the Millennium brand name, ranging from 10 watts to 300 watts. Panels are sold directly and through distribution partners including A1SolarStore.
- Solar Power Station Construction (Turnkey Projects): Planning, construction and maintenance of Solar PV Power stations as turnkey projects. Includes EPC contracts with major partners like Schneider Electric for supplying electricity using solar energy. Recent quarter showed supply of 100 containers of solar PV modules to Italy (around 10MWp).
- MSS PVT Systems: Production and sale of Multi Solar Systems and Collectors PVT (MSS collectors) that produce both electricity and thermal energy. These are proprietary integrated systems sold to commercial, industrial, and residential community facilities.
- T.O.U Storage Solutions: Sale of Time-of-Use electricity storage solutions for load leveling, peak shaving, electrical power arbitrage, and renewable solar power applications. Targets commercial buildings, production facilities, and telecommunication operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quotation-based pricing for solar panels and systems |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Millennium Electric product offering
Product offeringCore offering
Millennium Electric manufactures and sells photovoltaic (PV) and photovoltaic-thermal (PVT) solar panels and complete turnkey solar power stations. Its proprietary Multi Solar System (MSS) combines electricity and thermal energy generation from a single integrated collector, achieving up to 30% higher PV efficiency through cell cooling. The company also delivers EPC contracting services for utility-scale solar installations, T.O.U electricity storage solutions, and solar-powered lighting products, serving commercial, industrial, residential community, and utility customers across 40+ countries.
Product overview
Millennium Electric T.O.U Ltd. is a manufacturer and world leader in PV and PVT solar technologies offering an integrated portfolio of solar products and solutions. The core product line consists of the Multi Solar System (MSS) - a proprietary photovoltaic-thermal (PVT) system that generates both electricity and thermal energy with up to 30% higher PV efficiency through cell cooling. Supporting the MSS are crystalline PV panels (5W-180W modules) manufactured at the company's 200-300 MW production capacity facilities. The company also offers complete Solar Power Station installations as turnkey EPC projects. Additional products include SunnyOr Lights for solar-powered outdoor lighting, T.O.U (Time of Use) electricity storage systems for grid-connected peak shaving and load leveling, and Energy MUST - an integrated multi solar and time-of-use self-sufficiency system for commercial facilities. The products form a comprehensive solar ecosystem addressing residential, commercial, and utility-scale energy needs through both electrical and thermal energy generation and storage capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- MSS (Multi Solar System): PVT system generating both electric and thermal energy using integrated collectors with cell cooling for up to 30% higher PV efficiency.
- T.O.U (Time of Use)
- Energy MUST
- SunnyOr Lights
Products and services
- MSS (Multi Solar System) A proprietary photovoltaic-thermal (PVT) system that generates both electricity and thermal energy from a single integrated collector. Cell cooling by water or air increases PV efficiency by up to 30% versus regular PV panels, achieving 85% combined efficiency (15% electrical + 70% thermal). Available in a steam turbine co-generation variant for combined-cycle electricity production. Sold to commercial, industrial, residential community, and utility-scale customers.
- PV Panels Millennium-branded crystalline photovoltaic solar panels available in monocrystalline and polycrystalline variants and module sizes from 5W to 180W (with panel ratings up to 300W referenced on the main site). Sold with a 20-year power warranty and promoted as available at competitive prices, distributed both directly and through A1SolarStore.
- Solar Power Stations Complete turnkey grid-connected solar PV and MSS PVT power station installations delivered by Millennium as EPC contractor and panel supplier. The offering covers planning, construction, and maintenance of utility-scale solar stations worldwide, including partnerships with entities such as Schneider Electric.
- SunnyOr Lights Solar-powered lighting products incorporating photovoltaic technology for gardens, roads, and highways. Product line includes Garden Light, Street Light, and Highway Light variants with maintenance-free remote installation capability.
Companies that use Millennium Electric
Customer profileNamed customers5 records
Segments7 records
Ideal customer profiles4 records
Millennium Electric technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Millennium Electric partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Meridian EnergycoreMeridian Energy collaborated with Millennium Electrical on the One NZ rooftop solar project at the Christchurch data center. The project involved 142 panels generating up to 90kW of power, completed in collaboration with One NZ.
- One NZ (Telecommunications)coreOne NZ deployed rooftop solar at its Christchurch data center in collaboration with Millennium Electrical and Meridian Energy. Millennium installed 142 panels generating up to 90kW of power for the site and nearby mobile network.
- Schneider ElectriccoreMillennium Electric was EPC contractor and panel supplier for a 1MWp solar power station in Caserta, Italy in partnership with Schneider Electric. This represents a major enterprise collaboration.
- A1 SolarStorecoreA1 SolarStore is positioned as Millennium's primary marketplace partner, described as #1 Marketplace for Solar and Home Energy Solutions. They distribute Millennium panels and list Millennium as a partner on their platform.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
Millennium Electric competitors and assessment
Company assessmentBroad incumbents
- Trina Solar: Top global PV module manufacturer and vertically integrated solar solutions provider. Competes with Millennium on crystalline PV panel supply and increasingly on integrated solar-plus-storage offerings overlapping with T.O.U / Energy MUST.
- Hanwha Q Cells: Major global PV module manufacturer with strong presence in Europe, North America, and Asia. Competes with Millennium across PV panel supply and utility-scale project channels, and is even referenced as a competing brand on Millennium's partner storefront.
- JA Solar Technology: Top-tier global PV module manufacturer producing mono- and polycrystalline panels for utility, commercial, and residential markets. Represents the cost-leader competition against Millennium's PV panel manufacturing line.
- First Solar: US-based thin-film PV module manufacturer and utility-scale solar project developer. Competes with Millennium in the utility-scale EPC and PV module segments, though using CdTe thin-film technology rather than crystalline silicon.
- LONGi Green Energy Technology: World's largest monocrystalline silicon PV module manufacturer by shipment volume. Competes with Millennium's commodity PV panel offering through scale-driven cost advantages, though it does not offer the proprietary PVT dual-output technology.
- JinkoSolar: One of the world's largest PV module manufacturers with global distribution. Competes directly with Millennium in the crystalline PV panel space, though at vastly greater scale (tens of GW of annual shipments vs Millennium's 200–300 MW capacity).
- Canadian Solar: Vertically integrated solar manufacturer with both module production and large-scale project development (EPC) arms. Directly comparable to Millennium's combined panel-manufacturing + turnkey solar power station business model.
Direct peers
- Abora Solar: Spanish developer of PVT hybrid solar panels with high-efficiency cells and patented thermal recovery. Directly comparable to Millennium's MSS in technology, customer segments (residential and commercial), and European market focus.
- DualSun: French manufacturer of photovoltaic-thermal (PVT) hybrid panels that produce electricity and hot water from a single module. DualSun is the closest direct competitor to Millennium's MSS product line, targeting residential and commercial rooftops across Europe with a similar dual-output value proposition.
- TVP Solar: Swiss manufacturer of PVT (photovoltaic-thermal) solar panels using vacuum tube technology for combined electricity and heat generation. Targets commercial and industrial customers in Europe with a comparable dual-output proposition to Millennium's MSS.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
Millennium Electric social profiles
Digital presenceMillennium Electric financial estimates
Financial estimateRevenue estimate
Valuation estimate
Millennium Electric leadership team
Management profileNumber of profiles
Profiles3 records
Millennium Electric funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Millennium Electric 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 Millennium Electric
What does Millennium Electric do?
Millennium Electric manufactures and sells photovoltaic (PV) and photovoltaic-thermal (PVT) solar panels and complete turnkey solar power stations. Its proprietary Multi Solar System (MSS) combines electricity and thermal energy generation from a single integrated collector, achieving up to 30% higher PV efficiency through cell cooling. The company also delivers EPC contracting services for utility-scale solar installations, T.O.U electricity storage solutions, and solar-powered lighting products, serving commercial, industrial, residential community, and utility customers across 40+ countries.
Is Millennium Electric a public or private company?
Millennium Electric is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Millennium Electric founded?
Millennium Electric was founded in 1999. It employs 51 to 100 people.
Where is Millennium Electric based?
Millennium Electric is headquartered in Ra'anana, Israel, in the Middle East region.
How does Millennium Electric make money?
Four revenue lines are on record. Solar Panel Manufacturing & Sales are the primary driver. The others are solar Power Station Construction (Turnkey Projects), MSS PVT Systems and T.O.U Storage Solutions.
Who are Millennium Electric's main competitors?
Broad incumbents on record are Trina Solar, Hanwha Q Cells, JA Solar Technology, First Solar, LONGi Green Energy Technology, JinkoSolar and Canadian Solar. Direct peers are Abora Solar, DualSun and TVP Solar.
Does Millennium Electric have an API?
No public API is recorded for Millennium Electric.
What industry is Millennium Electric in?
Millennium Electric's product category is Solar Energy Equipment Manufacturing. Its primary akta.pro industry code is EUAMABAL, Solar Thermal & CSP Systems (Collectors, Receivers, Thermal Storage, CSP EPC), with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 221114 and its SIC code is 4991.