Radiation Power

What Radiation Power does

Radiation Power is a privately held, India-headquartered solar EPC company founded in 2020, based in Gaya, Bihar, with 11-50 employees. The company provides end-to-end solar photovoltaic solutions covering rooftop and ground-mounted installations, including engineering, procurement, construction (EPC), mechanical and electrical contracting, supply of Tier-1 solar modules and inverters, installation and commissioning, consultancy, and long-term operations and maintenance (O&M). Its customer base spans commercial, industrial, and public-sector establishments with more than 200 institutions served, and a stated project pipeline exceeding 2 GW.

The firm operates both CAPEX and RESCO/OPEX financing models, enabling either customer-owned installations or third-party-investor-owned projects under power purchase agreements, which creates a mix of one-time project revenue and recurring tariff-based income. Revenue mechanics span professional services (EPC), hardware sales (modules and inverters), and subscription/recurring revenue (RESCO tariffs and O&M contracts). Geographic operations extend across India (e.g., 16 MW Akola, Maharashtra), Europe (82 MW Beilice and 51 MW Resko projects in Poland), and development pipelines in West Africa (200 MW LOI with African Steel Company) and Niger (60 MW government invitation with UAE investor and EXIM finance backing).

Radiation Power is pursuing expansion through strategic MoUs and joint ventures, notably a 2 GW partnership with OZE All Inclusive in Poland, and is preparing to launch an EV charging service. The firm has no disclosed institutional funding, no patents or trademarks, and no public revenue figures, remaining a founder/owner-managed private entity with growth concentrated in international project development via capital-light partnership structures.

Name

Radiation Power

Legal name

Radiation Power

Website

https://radiationpower.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Radiation Power is a privately held India-based solar EPC company providing end-to-end rooftop and ground-mounted photovoltaic solutions, including EPC, module/inverter supply, consultancy, and O&M services, to commercial, industrial, and public-sector customers with projects across India, Europe, and Africa.

Ownership category

akta.pro rank

Product category

Solar EPC and Renewable Energy Services

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)

Keywords

• Solar EPC services
• Rooftop solar installation
• Renewable energy contracting
• Solar plant maintenance
• Utility-scale solar projects

Headquarters

HQ city

Bihar

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Solar EPC Services: Engineering, Procurement, and Construction services for solar power plants. Provides fully forward-integrated, comprehensive, and tailor-made Solar EPC solutions for customers including complete project delivery from conception to commissioning.
2. RESCO/OPEX Model: Third-party investor finances the solar project and client pays only a lower solar electricity tariff without any upfront investment. This creates recurring revenue through power purchase agreements where clients pay for electricity generated at rates lower than utility companies.
3. Module and Inverter Supply: Supply of Tier-1 solar modules and inverters for rooftop and ground-mounted projects. Brings value to customer projects and helps achieve project success through quality materials.
4. Operations and Maintenance (O&M): Long-term operations, maintenance and monitoring support for solar power plants. Includes administration of warranty claims, periodic performance monitoring with detailed analysis, and maintenance of all critical parts of the solar power generation system.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

Radiation Power develops, builds, and operates solar power plants globally, providing end-to-end solar EPC (Engineering, Procurement, and Construction) solutions. The company supplies Tier-1 solar modules and inverters, delivers mechanical and electrical contracting, installation and commissioning, and long-term operations and maintenance. Customers can choose CAPEX (customer-owned) or RESCO/OPEX (third-party investor-owned) financing models with Power Purchase Agreement options.

Product overview

Radiation Power is a solar energy solutions provider offering a comprehensive portfolio of products and services. The core offering is Solar EPC services providing end-to-end solutions for solar power plant development. This is complemented by supply of Tier-1 solar modules and inverters, mechanical/electrical contracting, installation and commissioning (INC) services, and operations & maintenance (O&M) services. The company also provides solar consultancy from project conception through commissioning. Financing is enabled through CAPEX (customer-owned) and RESCO (third-party investment) models, with Power Purchase Agreement options. A new EV charging service is planned for launch. Projects include rooftop installations and large-scale utility projects, with documented installations in India and Poland (82 MW Beilice, 51 MW Resko), and development pipelines spanning Europe, Africa, and globally.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar EPC Services Engineering, Procurement, and Construction (EPC) services delivering end-to-end, tailor-made solar power plant solutions for commercial, industrial, and public sector customers, covering the complete project lifecycle from conception to commissioning.
• Mechanical & Electrical Contracting Mechanical and electrical contracting services for PV projects across Europe and UK markets.
• Supply of Modules & Inverters Supply of Tier-1 solar modules and inverters for rooftop and ground-mounted solar projects, leveraging long-term vendor relationships for quality materials at competitive costs.
• Solar INC (Installation & Commissioning) Solar installation and commissioning services for large-scale rooftop and utility solar projects.
• Solar Consultancy Consultancy services for solar plant developers covering project conception to commissioning, including technical and financial feasibility, land/roof assessment, and government liaison assistance.
• Solar O&M Service Long-term solar Operations and Maintenance services including administration of warranty claims, periodic performance monitoring with detailed analysis, and maintenance of all critical parts of the solar power generation system.
• CAPEX & RESCO Financing Models Comprehensive and tailor-made solar project financing under CAPEX (customer-owned) and RESCO (third-party investor-owned, Power Purchase Agreement) models, allowing customers to set up solar rooftop projects with flexible financial arrangements and no upfront investment under RESCO.

Quantifiable outcome

• Electricity costs reduced significantly for customers
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and major.

• OZE All Inclusive (Poland)coreStrategic or Co-development Partner · 8 September 2021MoU signed to develop 2 GW PV projects from scratch to ready-to-build in Poland. Joint venture company established with OZE All Inclusive receiving grid connection conditions successfully for their 200 MW PV project. Radiation Power is providing investor to OZE for purchase of this 200 MW project.
• African Steel CompanycoreStrategic or Co-development Partner · 8 September 2021LOI (Letter of Intent) signed with African Steel Company to develop 200 MW solar PV project in West Africa. Project represents significant expansion into African renewable energy market.
• Niger GovernmentmajorStrategic or Co-development Partner · 8 September 2021Official invitation received from Niger Government to visit and discuss development of 60 MW PV project in Niger with involvement of UAE investor and EXIM finance. Represents government-level partnership for renewable energy development.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Waaree Energies: Indian solar module manufacturer and EPC offering utility-scale and rooftop solar with EPC, BoS and module supply — directly comparable service mix to Radiation Power's EPC + supply offering.
• Vikram Solar: Indian solar module manufacturer with significant EPC and rooftop solar business, offering comparable Tier-1 module supply, BoS and EPC services to Indian and international customers.
• Jakson Group: Indian solar EPC and distributed energy solutions provider serving C&I customers with rooftop solar, BoS and power generation, including international project execution — directly comparable to Radiation Power's solar EPC + supply model.
• Fourth Partner Energy: India-focused C&I and utility-scale solar EPC and RESCO/PPA developer, closely matching Radiation Power's CAPEX + RESCO/OPEX rooftop and ground-mount model for commercial and industrial customers.
• SunEdison Infrastructure: India-focused C&I rooftop and utility-scale solar EPC and O&M provider with RESCO/OPEX model and long-term operations contracts — a close match for Radiation Power's service portfolio and customer base.

Broad incumbents

• Adani Solar: Vertically integrated Indian solar developer and EPC with in-house module manufacturing and large utility-scale project portfolio, competing head-to-head with Radiation Power in Indian and international solar EPC tenders.
• Sterling and Wilson Renewable Energy: Major Indian-headquartered global solar EPC contractor with extensive utility-scale and rooftop experience across India, Middle East, Africa and Europe — a direct EPC competitor in Radiation Power's target geographies.
• Tata Power Solar Systems: One of India's largest solar EPC and module manufacturers, offering utility-scale and rooftop solar solutions for C&I and public-sector customers — directly comparable end-to-end solar EPC value proposition to Radiation Power but at vastly greater scale.

Emerging players

• Freyr Energy: Indian small-to-mid scale rooftop and C&I solar EPC and RESCO provider targeting similar commercial, industrial and institutional customers with similar CAPEX/OPEX models.

Regional players

• SunKing (Greenlight Planet): Solar energy solutions provider focused on emerging markets in Africa and South Asia — comparable to Radiation Power's emerging-market West Africa/Niger expansion ambitions and distributed solar expertise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Radiation Power