Reneco

What Reneco does

Reneco (ТОВ "РЕНЕКО") is a Ukrainian privately held engineering and construction company founded in 2019 and headquartered in Odesa, with 51-100 employees. It specializes in turnkey design, supply, and installation of solar power stations and heating systems for both private residential customers and commercial/industrial enterprises across at least nine Ukrainian oblasts. Its core deliverables cover industrial-scale and private solar PV plants, heat pumps, solar thermal collectors, gas and solid-fuel boilers, heating radiators, and battery energy storage systems (LiFePO4 and GEL chemistries) — including hybrid grid-tied and off-grid configurations with sub-20-millisecond automatic switchover to battery backup during grid outages. The company operates its own engineering and installation crews, a service department in Odesa, and an e-commerce equipment catalog that retails panels, inverters, batteries, pumps, collectors, radiators, and accessories.

The business model combines one-time project revenue (feasibility studies, design, installation, commissioning) with hardware sales through its online storefront and post-installation warranty/maintenance subscriptions. Green tariff registration and grid-connection administrative handling are positioned as differentiated professional services, an important value-add given Ukraine's regulatory complexity. Reneco embeds itself into customer financing through partnerships with Ukrgasbank (administering the government '5-7-9%' credit program up to 3.5 million UAH for businesses and the EBRR-backed ENERGONEZALEZHNY program offering up to 25% cashback) and UKRSIBBANK (zero-down-payment equipment credit up to 200,000 UAH), making the company an approved vendor within subsidized energy-efficiency lending. Strategic partnerships with TD Royal Group for industrial-scale projects (notably a 9.9 MW ground-mounted plant in Lviv Oblast) and OEM training alliances with Ariston, Bosch, Kermi, Daikin, and FUJI deepen technical credibility on international equipment lines.

The company is privately owned with no disclosed external venture, private equity, or strategic investor backing; no parent company or subsidiaries are identified. Operating status is confirmed active, with the most recent operational and product signals extending into the current period. Revenue and headcount trajectory are not disclosed in available sources.

Name

Reneco

Legal name

ТОВ "РЕНЕКО"

Website

https://reneco.com.ua

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Reneco is a Ukrainian private engineering and installation firm headquartered in Odesa that designs, supplies, and installs turnkey solar power plants, heat pumps, solar collectors, and heating systems for residential homeowners and commercial/industrial enterprises across at least nine oblasts.

Ownership category

akta.pro rank

Product category

Renewable Energy Installation Services

NAICS

Plumbing, Heating, and Air-Conditioning Contractors (23822), Power and Communication Line and Related Structures Construction (237130)

SIC

Electrical Work (1731)

akta.pro primary industry

Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

akta.pro secondary industries

Boiler & Hydronic Heating Repair & Service (HSAOAHAG), PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC), Hydronic/Baseboard Radiant Heating Service (HSAOACAE)

Keywords

• Solar power installation
• Renewable energy systems
• Heat pump installation
• Green tariff consulting
• Solar panel equipment

Headquarters

HQ city

Odessa

HQ country

Ukraine

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Solar Power Plant Design and Installation: Turnkey solar energy solutions including feasibility studies, design documentation, equipment procurement, installation, and commissioning for both grid-tied and off-grid systems
2. Heating Systems Installation: Design and installation of heating and water supply systems including traditional boilers and alternative solutions like heat pumps and solar collectors
3. Equipment Sales: Sale of solar panels, inverters, batteries (LiFePO4), heat pumps, solar collectors, radiators, and accessories for renewable energy and heating systems
4. Green Tariff Processing Services: Legal and administrative support for obtaining green tariff registration for solar power plant owners in Ukraine
5. Service and Maintenance: Warranty and post-warranty service, technical maintenance, and operational support for installed systems

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Reneco designs, supplies, and installs solar power stations and renewable-thermal heating systems for residential and commercial/industrial customers across Ukraine. Its services span the full project lifecycle — feasibility studies (ТЕО), engineering design, equipment supply, installation, commissioning, green-tariff registration, and post-warranty service — and it also retails related equipment (solar panels, inverters, batteries, heat pumps, collectors, boilers, radiators) through its own online storefront.

Product overview

Reneco (ТОВ «РЕНЕКО») is a Ukrainian alternative energy company specializing in solar power station design, construction, and installation, along with comprehensive heating systems using both traditional and renewable sources. The product portfolio consists of two core service lines: (1) Solar Power Stations — covering industrial-scale and private solar installations including photovoltaic panels, inverters, and battery storage (LiFePO4, GEL), with hybrid and grid-tied configurations for green tariff electricity sales; and (2) Heating & DHW Systems — encompassing heat pumps (air-to-water, air-to-air, geothermal), solar thermal collectors (vacuum tube and flat-plate), boiler equipment, and heating radiators. Supporting these core offerings are UPS/Uninterruptible Power Supply systems, Battery Energy Storage Systems (BESS), electric vehicle charging stations, and EcoFlow portable power stations. The company also provides integrated project services including engineering design, green tariff registration, and financing programs through partner banks (Ukrgasbank, UKRSIBBANK) under state energy efficiency credit programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Solar Power Stations Turnkey industrial solar power station construction services for both rooftop and ground-mounted installations, covering the full project lifecycle from feasibility studies and technical specifications through grid connection, green-tariff registration, installation, and commissioning. Targeted at commercial and industrial enterprises in Ukraine.
• Private Solar Power Stations Installation of solar power stations for private households, with both autonomous configurations for guaranteed backup supply during outages and grid-tied configurations for selling electricity under the green tariff. Targeted at residential customers in Ukraine.
• Heating Systems Installation Full-spectrum heating and water-supply system design, installation, and servicing for residential, commercial, and industrial facilities, using both traditional heat sources (gas, solid fuel, electric boilers) and renewable sources (heat pumps, solar collectors).
• Heat Pump Systems Air-to-water, air-to-air, and ground-water heat pump installation and servicing. Heat pumps extract thermal energy from air, soil, or water to provide heating, cooling, and domestic hot water supply for residential and commercial applications.
• Solar Thermal Collectors Vacuum-tube and flat-plate solar collectors for domestic hot water preparation, swimming-pool heating, and heating-system support. Available in seasonal (non-pressure thermosiphon) and year-round (closed system with pumping station) configurations.
• Hybrid Solar Stations Hybrid solar power systems combining grid connection with battery storage, allowing energy generation during the day and storage for night use or emergency backup during power outages.
• Battery Energy Storage Systems (BESS) Large-scale battery energy storage systems (BESS) for industrial and commercial applications, enabling on-site energy storage and grid stabilization.
• Uninterruptible Power Supply (UPS) Systems Uninterruptible power supply systems providing immediate backup power during grid outages, with automatic switching in less than 20 milliseconds.
• EV Charging Stations Electric-vehicle charging stations for home and business use, including portable power stations from manufacturers such as EcoFlow.
• Solar Station Engineering Design Engineering design services for solar power stations, including pre-project processing, feasibility studies (ТЕО), and technical documentation required for obtaining grid-connection permits.
• Green Tariff Registration Services Complete green-tariff registration services for both legal entities and individuals, handling all documentation from application preparation through final approval.
• Solar Panels (Equipment Retail) Photovoltaic solar panels for electricity generation in solar power station installations. Range includes bifacial panels that reportedly produce up to 30% more energy, available retail via Reneco's online storefront.
• Solar Inverters (Equipment Retail) Inverters for solar power stations, including grid-tied, off-grid, and hybrid models that manage power conversion from solar panels to usable electricity and enable battery storage integration, sold via Reneco's online storefront.
• Energy Storage Batteries (Equipment Retail) Energy-storage batteries including lithium-iron-phosphate (LiFePO4) and GEL batteries for solar power systems, providing backup power during outages and enabling energy independence, with LiFePO4 service life exceeding 15 years.

Quantifiable outcome

• 30-50% annual electricity cost reduction for grid-tied solar systems
• +5 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core, minor and unclear.

• TD Royal Group (ТД "РОЯЛ ГРУП")coreStrategic or Co-development PartnerStrategic partner for development of ground-mounted solar power plant projects under the green tariff. Jointly developed a 9.9 MW solar power plant business case in Lviv Oblast designed to attract investment through EPC contracts.
• AtmosferaminorChannel Partner/ Reseller/ DistributorPartner company with whom Reneco participates in industry meetings and partner gatherings, including events held in Kyiv.
• GS1 UKunclearStrategic or Co-development PartnerNote: This partnership reference appears in a news article about Tesco's QR code transition and mentions a separate 'RenEco' entity (animal feed production facility). This appears to be a different company than the Ukrainian Reneco/Rенеко solar energy company.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Daikin: Global Japanese HVAC and heat pump manufacturer; Reneco supplies Daikin equipment as part of its heat-pump installation offering. Comparable through the heat-pump product category but at global manufacturer scale rather than regional installer scope.
• Viessmann: Global German manufacturer of heating, industrial and refrigeration systems including heat pumps and boilers. Comparable to Reneco via its heating-systems business, though Viessmann operates at global scale as a manufacturer rather than a regional installer.
• Bosch Thermotechnology: Division of Bosch producing boilers, heat pumps and heating solutions; one of Reneco's supplier brands. Comparable in heating-systems end market, but operates globally as an OEM rather than as a Ukrainian installer.

Direct peers

• Eco-Optima: Ukrainian energy efficiency and renewable energy solutions provider offering solar and heating system installations to residential and commercial customers. Closely comparable to Reneco in customer mix (households + SMEs) and dual solar/heating offering.
• Rengy Development: Ukrainian renewable energy developer and EPC contractor focused on solar power plants for industrial and commercial clients. Directly comparable as a domestic competitor offering turnkey solar installations to the same customer base as Reneco.
• KNESS Group: One of Ukraine's largest renewable-energy EPC groups, delivering utility-scale solar power plants and grid-tied installations for green-tariff and commercial customers. Operates in the same Ukrainian solar EPC market as Reneco with overlapping customer segments and project types.
• TIU Energy: Ukrainian solar energy company operating ground-mounted and rooftop solar power plants for industrial customers. Direct peer in the Ukrainian commercial/industrial solar EPC segment with comparable project economics.
• Atmosfera: Ukrainian alternative energy equipment distributor and installer partnering with Reneco on industry events. Operates in the same Ukrainian solar and heat pump installation space as Reneco, serving overlapping residential and SME segments.
• Activ Solar: Ukrainian solar power developer with a portfolio of utility-scale photovoltaic projects. Comparable to Reneco in serving the Ukrainian green-tariff and commercial solar market, though at larger project scale.

Regional players

• SunPower: US-headquartered residential and commercial solar installer and panel manufacturer. Comparable to Reneco in residential and commercial solar EPC service delivery, though operating in North American markets rather than Ukraine/CIS.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

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 Reneco