Neo Ecotech
Neo Ecotech is a privately-held South Korean manufacturer founded in 2010 that develops energy storage systems. Headquartered in Hwasong with 101-250 employees, the company serves the domestic energy storage market.
- Company typePrivate
- Founded2010
- HeadquartersHwasong, South Korea
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
Neo Ecotech firmographics
Firmographics- Name
- Neo Ecotech
- Website
- https://neoecotech.com
- Company type
- Private
- Founded year
- 2010
- Headcount range
- 101–250 employees
- Short description
- Neo Ecotech is a privately-held South Korean manufacturer founded in 2010 that develops energy storage systems. Headquartered in Hwasong with 101-250 employees, the company serves the domestic energy storage market.
- Ownership category
- akta.pro rank
Where Neo Ecotech is headquartered
LocationHeadquarters
- HQ city
- Hwasong
- HQ country
- South Korea
- HQ region
- Asia
Markets served
Neo Ecotech business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D
Neo Ecotech product offering
Product offeringCore offering
Neo Ecotech is a South Korea-based manufacturing company that develops and produces energy storage systems. Founded in 2010 and headquartered in Hwasong, the company operates with 101-250 employees and focuses on the design and production of energy storage solutions for industrial or commercial applications.
Differentiator
Problem solved
Functional benefit
Products and services
- Energy Storage Systems Energy storage systems developed and manufactured by Neo Ecotech for industrial or commercial buyers, based at their facility in Hwasong, South Korea.
Companies that use Neo Ecotech
Customer profileIdeal customer profiles1 record
Neo Ecotech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Neo Ecotech competitors and assessment
Company assessmentBroad incumbents
- POSCO Energy / POSCO FX: POSCO group entities operate in energy storage, fuel cells, and power solutions for the Korean market. A broad incumbent offering overlapping energy storage capabilities as part of a wider industrial portfolio.
- BYD Energy Storage: BYD is a global battery and energy storage manufacturer with strong presence in Asia, Europe, and the Americas. Comparable as a broad incumbent in the energy storage systems space, with a vertically integrated cell-to-system model.
- LG Energy Solution: LG Energy Solution is one of the world's largest lithium-ion battery and ESS manufacturers, with deep Korean manufacturing roots. Comparable as a Korean ESS incumbent, but operates at a different scale than a mid-sized private manufacturer.
- SK On / SK Innovation ESS: SK On, part of SK Group, manufactures batteries and energy storage systems globally. A broad Korean incumbent operating in the same energy storage product category as Neo Ecotech.
- Samsung SDI: Samsung SDI is a major Korean battery and energy storage system manufacturer serving automotive, ESS, and electronics markets. A broad incumbent comparable in product category and Korean manufacturing base, though at vastly greater scale.
- Doosan Enerbility (Fuel Cell / ESS): Doosan is a major Korean industrial conglomerate with energy businesses including fuel cells, turbines, and power systems. Comparable as a Korean energy systems manufacturer serving utility/industrial customers, with broader scope.
- Tesla Energy: Tesla Energy manufactures Powerwall, Megapack, and related energy storage products. Comparable in energy storage systems offering and global scale ambitions, though at a vastly different size and capital profile.
Direct peers
- Fluence Energy: Fluence is a global pure-play energy storage system integrator offering grid-scale and C&I BESS. Directly comparable to Neo Ecotech in product category (energy storage systems), though Fluence is a publicly-listed global leader versus Neo Ecotech's smaller private profile.
- Kokam (SoluM ESS): Kokam is a South Korea-based manufacturer of lithium-ion battery cells and energy storage systems serving utility, C&I, and specialty applications. It is a direct comparable to Neo Ecotech in product (energy storage systems), geography (Korea), and customer base.
- LS Electric: LS Electric is a Korean manufacturer of power solutions, including energy storage systems and power conversion products for grid and industrial customers. Comparable to Neo Ecotech in energy storage systems offering and Korean industrial customer base, though at much larger scale.
Market position
Customer concentration
Neo Ecotech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Neo Ecotech leadership team
Management profileNumber of profiles
Neo Ecotech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Neo Ecotech M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Neo Ecotech
What does Neo Ecotech do?
Neo Ecotech is a South Korea-based manufacturing company that develops and produces energy storage systems. Founded in 2010 and headquartered in Hwasong, the company operates with 101-250 employees and focuses on the design and production of energy storage solutions for industrial or commercial applications.
When was Neo Ecotech founded?
Neo Ecotech was founded in 2010. It employs 101 to 250 people.
Where is Neo Ecotech based?
Neo Ecotech is headquartered in Hwasong, South Korea, in the Asia region.
Who are Neo Ecotech's main competitors?
Broad incumbents on record are POSCO Energy / POSCO FX, BYD Energy Storage, LG Energy Solution, SK On / SK Innovation ESS, Samsung SDI, Doosan Enerbility (Fuel Cell / ESS) and Tesla Energy. Direct peers are Fluence Energy, Kokam (SoluM ESS) and LS Electric.
Does Neo Ecotech have an API?
No public API is recorded for Neo Ecotech.