HiPower
HiPower is a Costa Rica-based solar EPC and O&M contractor that designs, builds, and services photovoltaic, BESS, and microgrid systems for industrial, institutional, utility-scale, and off-grid customers across Costa Rica, leveraging the country's only NABCEP-certified engineering team.
- Company typePrivate
- Founded2011
- HeadquartersHeredia, Costa Rica
- Headcount11–50
- GTM typeB2B
- OfferingServices
What HiPower does
HiPower (legal name: HiPower Systems) is a Costa Rica-based solar engineering, procurement, and construction (EPC) contractor founded in 2011 by Federico Varela Herrera and his son Marco Varela. The company designs, builds, and operates photovoltaic generation, battery energy storage systems (BESS), and microgrids for industrial, institutional, utility-scale, and off-grid customers across Costa Rica. Core offerings are organized into four product lines — utility-scale solar, microgrids with integrated EMS, industrial self-consumption systems, and BESS — complemented by in-house EPC execution (including POT testing, pre-drilling, and piling) and long-term O&M services. Its competitive positioning rests on the only NABCEP-certified PV installation team in Costa Rica, complemented by SEI and OSHA-aligned engineering practices.
The business runs a direct enterprise and B2G sales motion initiated via web forms, WhatsApp, and email, followed by on-site energy audits, custom engineering, permitting, and project delivery. Revenue is generated through one-time EPC project fees plus recurring O&M contracts, with project values varying widely from SME self-consumption systems (financed via green credit up to ₡18,000,000 / $30,000) to large industrial and government microgrids (e.g., 1 MWp + 2 MWh for Establishment Labs, 900 kWp across CCSS hospitals, 12 MWp at Planta Solar Huacas). Tier-1 supply partnerships with Canadian Solar, Trina, JinKO, Longi, SMA, Schneider, SolarEdge, Fronius, Solis, OutBack, and Fortress Power support technology breadth. Geographic scope is entirely domestic (Costa Rica); the company is privately held, founder-controlled, and has grown organically over 15+ years with no disclosed external funding rounds.
Customer concentration is moderate, with a horizontally diversified logo base spanning healthcare, finance, telecom, education, utilities, manufacturing, and rural/indigenous community projects (Establishment Labs, Allergan, CCSS, Banco Popular, BCR, Banco Promerica, Claro, Tigo, UCR, TEC, Fundación Omar Dengo, CENCE, ICE, Coopeguanacaste, among others). The company is recognized internationally via the 2023 Energy Globe Award for the 'Mujeres de Luz' indigenous electrification project, and supports social-impact deployments (17 ASADAS water systems, 120+ indigenous schools) alongside commercial work. Operations are bilingual in delivery (Spanish-language marketing and customer-facing material) and concentrate on converting Costa Rica's industrial electricity demand into self-generation plus storage assets.
HiPower firmographics
Firmographics- Name
- HiPower
- Legal name
- HiPower Systems
- Website
- https://hipowercr.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- HiPower is a Costa Rica-based solar EPC and O&M contractor that designs, builds, and services photovoltaic, BESS, and microgrid systems for industrial, institutional, utility-scale, and off-grid customers across Costa Rica, leveraging the country's only NABCEP-certified engineering team.
- Ownership category
- akta.pro rank
Where HiPower is headquartered
LocationHeadquarters
- HQ city
- Heredia
- HQ country
- Costa Rica
- HQ region
- Latin America
Offices1 record
Markets served
HiPower business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Solar Project Development & EPC: Full-scope solar project development and engineering, procurement, and construction (EPC) services covering project conceptualization, technical design, permitting, construction, and commissioning. Revenue is generated through one-time project fees for custom solar, BESS, and microgrid installations.
- Operations & Maintenance (O&M): Ongoing operations, monitoring, and maintenance services for installed systems, providing recurring revenue through service contracts that ensure long-term system performance and stability.
- Hybrid Energy Solutions (Solar + BESS + Microgrids): Integrated systems combining solar generation, battery storage, and microgrid controls, sold as bundled project solutions targeting industrial operations with high demand for continuity and energy resilience.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing for industrial solar, BESS, and microgrid solutions |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
HiPower product offering
Product offeringCore offering
No source content was provided in the input to describe HiPower's core offerings.
Product overview
HiPower es un proveedor de soluciones integrales de energía solar y almacenamiento energético en Costa Rica. Su cartera de productos se organiza en cuatro líneas principales: (1) Energía Solar a Gran Escala (utility-scale) para plantas fotovoltaicas de alta capacidad, (2) Microrredes Energéticas que integran generación solar, BESS y sistemas de control EMS, (3) Sistemas de Autoconsumo Industrial para generación distribuida en sitio, y (4) Sistemas de Almacenamiento (BESS) con baterías para respaldo y gestión de demanda. Estas soluciones se complementan con servicios de ejecución EPC con capacidad constructiva propia y servicios de operación, monitoreo y mantenimiento (O&M). La empresa atiende sectores industriales, institucionales y utility-scale con proyectos que van desde microrredes autónomas hasta plantas solares de 12 MWp.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Reduces electricity costs by up to 90% for residential, commercial, and industrial customers
- +5 more outcomes
Companies that use HiPower
Customer profileNamed customers20 records
Segments4 records
HiPower technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
HiPower partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered flagship and core.
- Universidad Estatal a Distancia (UNED)flagshipLeadership partner in the 'Mujeres de Luz' project — a solar energy initiative for gnöbe indigenous communities in the Pacific South of Costa Rica, with 296 panels installed, female indigenous engineers trained in India, and recognition via the Energy Globe Award 2023.
- CEDARENAcorePartner in the reconversion of 17 ASADAS (community water systems) to solar energy in Guanacaste and Puntarenas, funded by Fundación CRUSA with $90,000 investment. CEDARENA led technical/social diagnosis, project management, and community training.
- Canadian SolarcorePanel manufacturer providing Tier 1 solar modules for HiPower projects. HiPower specifies Tier 1 panels (Bloomberg NEF-certified) for quality and warranty assurance across residential, commercial, and utility-scale installations.
- Trina SolarcoreTier 1 solar panel manufacturer supplying photovoltaic modules for HiPower's project portfolio. Trina Solar is recognized globally for bankability and product reliability in solar installations.
- JinKO SolarcoreTier 1 solar panel supplier for HiPower projects, providing photovoltaic modules known for high efficiency and durability in tropical climate conditions.
- LongicoreTier 1 solar panel manufacturer supplying high-efficiency photovoltaic modules for HiPower installations, known for monocrystalline technology and global bankability.
- SMAcoreGerman manufacturer of solar inverters supplying HiPower's utility-scale projects. SMA is a globally recognized brand for inverter reliability and performance in large solar plants.
- Schneider ElectriccoreGlobal energy management and automation specialist providing inverter and energy management equipment for HiPower's industrial and microgrid projects.
- SolarEdgecoreSupplier of power optimizers and inverters for HiPower's distributed solar installations, enabling enhanced energy harvesting and monitoring at module level.
- OutBack PowercoreProvider of off-grid and grid-tie inverters and battery-based power systems for HiPower's residential, commercial, and remote area solar installations in Costa Rica.
- FroniuscoreAustrian inverter manufacturer supplying HiPower's projects, including the UCR photovoltaic plant installation featuring Fronius Symo inverters (480V, 15 kW).
- Fortress PowercoreBattery storage manufacturer supplying lithium and energy storage solutions for HiPower's BESS and microgrid projects across industrial and residential applications.
- SoliscoreGlobal inverter manufacturer supplying solar string inverters for HiPower's commercial and utility-scale solar projects.
- Fundación Omar DengoflagshipStrategic partnership to deploy autonomous solar systems in indigenous schools across Costa Rica's rural territories, providing electricity access for education and community services. Projects span over 120 schools in Talamanca and other remote areas.
Scale indicators10 records
Recent moves7 records
Expansion highlights5 records
HiPower competitors and assessment
Company assessmentDirect peers
- Solarpack (Statkraft): Solarpack was a Spain/Peru-based solar PV developer and EPC contractor active across Latin America (acquired by Statkraft). Highly comparable as a utility-scale and industrial solar developer operating in LatAm markets with project development, EPC, and O&M capabilities similar to HiPower's model.
- Gransolar: Spanish-headquartered solar EPC and project developer with a strong presence in Latin America and emerging markets. Directly comparable to HiPower in delivering utility-scale PV plants and BESS with integrated EPC capabilities and Tier-1 supplier relationships.
- Sonnedix: Global solar independent power producer (IPP) with significant Latin American operations. Comparable as a long-term owner/operator of distributed and utility-scale solar assets, sharing HiPower's project development plus O&M orientation.
- Mainstream Renewable Power (Aker Horizons): Global renewable energy developer with wind and solar projects across Latin America, Africa, and Asia-Pacific. Comparable to HiPower in developing and constructing utility-scale renewable projects and operating in emerging markets with project-based EPC economics.
Broad incumbents
- Iberdrola Renovables: Spanish-headquartered global renewable energy developer with substantial solar and wind operations across Latin America. Comparable as a broad incumbent in utility-scale and industrial renewable energy EPC and IPP activities overlapping with HiPower's space.
- Enel Green Power: Global renewable energy arm of Enel Group with a large LatAm portfolio spanning utility-scale solar, wind, and BESS. Comparable as a broad incumbent competing for the same industrial, utility, and government renewable contracts across Central America.
- Acciona Energía: Spanish global renewable energy developer and IPP with utility-scale solar and wind projects across Latin America. Comparable as a broad incumbent in industrial and utility-scale renewable generation with project development, EPC, and long-term O&M operations.
- AES Corporation: US-headquartered global power company with significant renewable generation operations across Latin America, including Central America. Comparable as a broad incumbent in the same LatAm renewable energy space where HiPower competes for utility-scale and industrial customers.
Regional players
- Cox Energy: Spanish/Mexican solar energy developer with utility-scale and distributed generation projects across Latin America. Comparable as a regional solar EPC/IPP focused on Iberian and LatAm markets with similar industrial and utility-scale customer segments.
- Celsia: Colombian multi-country energy and renewables operator with growing solar generation in Central and South America. Comparable as a regional LatAm energy company expanding into utility-scale solar generation and BESS in geographies adjacent to Costa Rica.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
HiPower social profiles
Digital presenceHiPower compliance and trust
Trust signalCompliance3 records
HiPower financial estimates
Financial estimateRevenue estimate
Valuation estimate
HiPower leadership team
Management profileNumber of profiles
HiPower funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HiPower 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 HiPower
What does HiPower do?
No source content was provided in the input to describe HiPower's core offerings.
Is HiPower a public or private company?
HiPower is a private company. It is classified as unknown and is currently operating.
When was HiPower founded?
HiPower was founded in 2011. It employs 11 to 50 people.
Where is HiPower based?
HiPower is headquartered in Heredia, Costa Rica, in the Latin America region.
How does HiPower make money?
Three revenue lines are on record. Solar Project Development & EPC is the primary driver. The others are operations & Maintenance (O&M) and hybrid Energy Solutions (Solar + BESS + Microgrids).
Who are HiPower's main competitors?
Direct peers on record are Solarpack (Statkraft), Gransolar, Sonnedix and Mainstream Renewable Power (Aker Horizons). Broad incumbents are Iberdrola Renovables, Enel Green Power, Acciona Energía and AES Corporation. Regional players are Cox Energy and Celsia.
Does HiPower have an API?
No public API is recorded for HiPower.