Hiconics Eco-Energy Technology

What Hiconics Eco-Energy Technology does

Hiconics Eco-Energy Technology Co., Ltd. (Beijing Hiconics New Energy Technology Co., Ltd., SZSE: 300048) is a Beijing-headquartered, publicly listed energy and industrial automation company operating as a controlled subsidiary of Midea Group since 2020. Founded in 2003 and listed on the Shenzhen Stock Exchange ChiNext board in 2010, Hiconics runs three core business lines: green energy solutions (residential and C&I photovoltaic systems, microgrid integration, distributed generation with electricity retail), household energy storage and PV inverters (M-ECOLUX VILLA, PowerX1, PowerInfi products; micro-inverters; EV chargers), and high-voltage variable frequency drives (HC1000, HC1000S, HC1000W, HC2000 series serving cement, petrochemical, mining, metallurgy, and municipal industries).

The company's technology base is anchored in power electronics — self-developed high-voltage inverters with four-quadrant regenerative topologies, single-sided maintenance designs, and water-cooling systems — augmented by AI-driven electricity price prediction (claimed 92%+ accuracy), energy carbon management platforms, and 24/7 EMS remote diagnostics. Hiconics holds 200+ authorized patents and operates 3GW+ of PV assets generating approximately 30 billion kWh annually. The technology stack is described as a multi-product portfolio rather than a unified platform architecture, spanning hardware manufacturing, EaaS service delivery, and electricity trading aggregation across multiple Chinese provinces.

Hiconics generates revenue through multiple streams: hardware sales of PV inverters, storage systems, and high-voltage drives; managed services through its distributed PV retail integration model (operating PV assets and selling electricity); an EaaS model bundling investment finance, equipment, construction, and O&M; and overseas energy solutions targeting Chinese manufacturers expanding internationally, particularly into Southeast Asia. Go-to-market combines direct enterprise sales for large C&I and industrial automation projects, a national authorized dealer network for residential storage, and channel partner recruitment across 12 regional venues plus SNEC and Canton Fair exhibitions. The company maintains offices in Beijing (HQ), Hefei (Midea Photovoltaic brand), and Shanghai (Midea Global Innovation Center), with 1,000+ employees of which 300+ are in R&D, and a 200+ registered engineer after-sales service team.

Name

Hiconics Eco-Energy Technology

Legal name

北京合康新能科技股份有限公司

Website

https://hiconics.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hiconics Eco-Energy Technology (SZSE: 300048) is a Beijing-listed Midea Group subsidiary that manufactures residential solar-storage systems, C&I photovoltaic solutions, and high-voltage variable frequency drives, serving households, manufacturers, and Chinese companies expanding overseas.

Ownership category

akta.pro rank

Product category

Power Electronics and Industrial Energy Equipment

NAICS

Relay and Industrial Control Manufacturing (335314), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electronic Coils, Transformers & Other Inductors (3677), Switchgear & Switchboard Apparatus (3613)

akta.pro primary industry

Power Electronics for Renewable & Grid-Tied Applications (Solar inverters, wind converters, grid-tie interfaces) (IMAGADAJ)

akta.pro secondary industries

DC-AC Inverters (Industrial inverters, standalone/embedded) (IMAGADAC), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Energy Storage Software & Controls (EMS, monitoring, optimization, cybersecurity) (IMAGAHAJ), Power Electronics Manufacturing (Inverters/DC-DC/Onboard Chargers) (IMACACAD)

Keywords

• Photovoltaic inverters
• Residential energy storage
• High-voltage variable frequency drives
• Industrial power electronics
• Distributed solar energy solutions

Headquarters

HQ city

Beijing Shi

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Green Energy Solutions: Integrated photovoltaic solutions including distributed PV systems, residential solar, and commercial/industrial PV installations. Revenue from project development, equipment supply, construction, and operation services.
2. Household Energy Storage and PV Inverters: Manufacturing and sales of residential storage systems, micro-inverters, PV inverters, and home charging products for global customers.
3. High-Voltage Variable Frequency Drives: Industrial automation products including HC1000, HC1000S, HC1000W, and HC2000 series inverters serving cement, petrochemical, mining, power, metallurgy, and municipal industries. Market inventory exceeds 22,000 units.
4. Distributed PV Generation and Retail Integration: Integrated power generation and sales model combining PV asset operation, electricity retail, and trading. Manages 3GW+ of PV assets with approximately 30 billion kWh annual generation capacity and over 100 billion kWh aggregation potential.
5. Energy as a Service (EaaS): Comprehensive energy service model combining investment finance, scenario solutions, equipment products, construction delivery, and operation maintenance to transform PV asset investment into energy service solutions.
6. Overseas Energy Solutions: Complete overseas energy solutions including PV + microgrid, financing options (leasing, EMC, joint development), and intelligent O&M services for Chinese companies expanding internationally.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Hiconics designs, manufactures, and sells power electronics equipment spanning three business lines: residential energy storage and PV inverters (M-ECOLUX VILLA, PowerX1, PowerInfi, grid-tie and micro inverters, EV chargers), high-voltage variable frequency drives for industrial automation (HC1000, HC1000S, HC1000W, HC2000 series), and integrated green energy solutions including distributed PV generation, commercial/industrial energy management, waste heat recovery, and Energy-as-a-Service offerings.

Product overview

Hiconics Eco-Energy Technology offers a diversified portfolio of energy solutions spanning residential and industrial applications. The core product lines include household storage systems (M-ECOLUX VILLA, PowerX1, PowerInfi), solar PV inverters (including micro inverters), EV charging products, and industrial high-voltage frequency inverters (HC1000, HC1000S, HC1000W, HC2000 series). The company also provides comprehensive energy solutions including residential distributed generation with retail integration, commercial and industrial energy management, and industrial energy-saving services such as waste heat recovery, electromechanical renovation, power capacity expansion, and water treatment efficiency improvements. The offering operates as a multi-product portfolio rather than a unified platform architecture.

Differentiator

Problem solved

Functional benefit

Brands

• 美墅 (M-ECOLUX/M-ECOLUX VILLA): Premium residential home energy solution brand providing别墅-level (villa) solar-plus-storage-and-heat integrated systems, including photovoltaic modules, smart energy storage all-in-one machines, EV chargers, and HiController home energy management systems.
• 聚能鼎 (PowerX1)
• PowerInfi

Products and services

• M-ECOLUX VILLA (美墅) Household Energy Storage Premium residential solar-plus-storage integrated system featuring AI-based AFCI (Arc Fault Circuit Interrupter) protection, smart home energy management, and EV charging compatibility for villa and premium households.
• PowerX1 Residential Storage Split System Residential all-in-one energy storage system combining solar inverter and battery storage capabilities, designed for households and small micro-business entities with flexible scalability.
• PowerInfi Residential Storage All-in-One System Integrated residential energy storage all-in-one system combining photovoltaic, battery storage, heat pump integration, and smart energy management for residential microgrid applications.
• Midea PV Grid-Connected Inverter (美的光伏并网逆变器) Grid-connected photovoltaic inverter for converting DC power from solar panels to AC power for residential and commercial solar installations.
• Micro Inverter (微型逆变器) Small-scale inverters for individual solar panel optimization, enabling module-level power optimization and monitoring for residential PV systems.
• EV Charging Products (充电产品) Electric vehicle charging solutions compatible with home energy storage systems for residential and commercial use.
• HC1000 General Series High-Voltage Frequency Inverter High-voltage variable frequency drive for industrial motor control and energy savings in heavy industry applications.
• HC1000S Single-Sided Maintenance High-Voltage Inverter Industry-first single-sided maintenance high-voltage inverter in China, enabling wall-mounted installation and 15-minute fast maintenance by a single person.
• HC1000W Water-Cooled High-Voltage Inverter Ultra-high power inverter with self-developed water cooling system, capable of 60MW output, IP42 protection, 100x heat exchange efficiency compared to air cooling, and 30+ year stable operation capability.
• HC2000 Four-Quadrant High-Voltage Inverter Advanced four-quadrant inverter with regenerative rectifier topology, reducing volume by 50% versus previous generation. Features torque predictive control and feedforward compensation for zero-speed hovering in hoist applications.
• 美墅 | 家庭绿电 (M-ECOLUX Villa Household Green Power) Integrated household green power solution combining photovoltaic modules, smart energy storage all-in-one machines, EV chargers, and HiController home energy management systems for premium villa residential applications.
• Residential Distributed Power Generation and Retail Integration (户用分布式发售一体) Integrated residential distributed solar generation combined with electricity retail services, providing 0-investment model for homeowners while aggregating PV assets, electricity trading, and virtual power plant operations.
• Commercial and Industrial Comprehensive Energy (工商业综合能源) Comprehensive energy solution for commercial and industrial facilities including distributed rooftop PV, industrial microgrids, energy management systems, and peak shaving solutions.
• Energy as a Service (EaaS) Comprehensive energy service model combining investment finance, scenario solutions, equipment products, construction delivery, and operation maintenance to transform PV asset investment into energy service solutions.
• Waste Heat and Residual Energy Utilization (余热余能利用) Industrial solutions for recovering and utilizing waste heat from industrial processes to improve energy efficiency.
• Electromechanical Energy-Saving Renovation (机电节能改造) Retrofitting services for electromechanical systems to improve energy efficiency in industrial facilities.
• Power Capacity Expansion (电力扩容改造) Services for expanding electrical power capacity in existing facilities to support growing energy demands.
• Water Treatment Energy Saving (水处理节能利用) Energy-saving solutions for water and wastewater treatment processes in industrial and municipal applications.

Quantifiable outcome

• 43% reduction in order processing time achieved at Midea's Thailand facility through agentic factory solutions
• +6 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Indian Strategic PartnerscoreChannel Partner/ Reseller/ Distributor · 4 June 2026Hiconics signed strategic energy storage partnerships with Indian partners during SNEC 2026 to expand presence in emerging APAC and South Asian markets. The partnership includes product distribution agreements and joint market development for residential energy storage solutions.
• Iraq Energy Storage PartnerscoreChannel Partner/ Reseller/ Distributor · 4 June 2026Hiconics established strategic partnership with Iraqi energy companies for energy storage market expansion in the Middle East region, formalized during SNEC 2026 signing ceremony.
• KELUOL Electronics (科陆电子)coreTechnology or Integration · 4 June 2026Hiconics New Energy utilizes KELUOL Electronics' Aqua-E series energy storage products for industrial and commercial energy storage projects, demonstrating technology integration partnership within Midea ecosystem.
• China Huaneng (华翔集团)minorStrategic or Co-development Partner · 4 June 2026Joint implementation of green electricity cost reduction and energy carbon reduction photovoltaic project for China Huaneng Group.
• China Guodian (中广核)minorStrategic or Co-development Partner · 4 June 2026Collaborated with China Guodian Solar and Aikou Solar on 18MW rooftop PV project in Zhejiang, demonstrating successful tripartite cooperation in green energy development.
• Midea GroupcoreStrategic or Co-development PartnerMidea Group became controlling shareholder of Hiconics in 2020, providing strategic direction, resources, and integration within Midea's energy business ecosystem. Midea Group has invested over 200 million yuan in annual R&D for Hiconics.
• Midea Group Business Units (安得智联、美云智数、美的楼宇科技、库卡、科陆电子、瑞仕格)coreStrategic or Co-development PartnerHiconics participates in Midea Group's 'Overseas Partnership Plan' launched in Thailand, collaborating with other Midea subsidiaries to provide comprehensive solutions for Chinese manufacturers expanding overseas, including energy planning, digital control, logistics, and financing.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• INVT Electric: Closely comparable Chinese industrial automation and renewable energy company. Directly competes with Hiconics in variable frequency drives, PV inverters, and energy storage products, with similar OEM-driven distribution model.
• Growatt New Energy: Major Chinese PV inverter and storage manufacturer. Competes with Hiconics across residential storage, hybrid inverters, and C&I energy storage, with similar global expansion strategy in emerging markets.
• Sungrow Power Supply: China's largest PV inverter and energy storage manufacturer. Directly competes with Hiconics in PV inverters, residential and C&I ESS, and grid-tied power electronics, with overlapping channel strategies in residential and commercial solar markets.
• GoodWe: Direct competitor in residential and commercial PV inverters and energy storage. Overlapping product portfolios in string inverters, hybrid inverters, and home battery systems targeting the same residential and SMB segments.
• Sineng Electric: Direct peer in solar inverters and energy storage. Competes in utility-scale central inverters, string inverters, and ESS integration with comparable technology positioning in renewable power electronics.
• Kstar: Peer in UPS, PV inverters, and energy storage systems. Competes in modular ESS products for C&I and data center applications similar to Hiconics' Keli Electronics Aqua-E integration projects.

Broad incumbents

• Schneider Electric: Global incumbent in industrial automation, variable frequency drives, and energy management. Competes with Hiconics' HC series HV drives and EMS platform at the high end of industrial and commercial customer segments.
• Huawei Digital Power: Dominant player in PV inverters, smart PV solutions, and integrated energy management. Competes head-on with Hiconics in residential and C&I storage plus grid-tied inverters, with significantly larger R&D and global reach.
• TBEA: Large Chinese conglomerate in transformers and renewable energy. Overlaps with Hiconics in high-voltage transformers, PV inverter manufacturing, and PV power station investment with significantly broader scale.

Emerging players

• Hoymiles: Focused competitor in micro-inverters and modular energy storage. Overlaps with Hiconics' Midea micro-inverter product line and represents the specialized, faster-iterating player challenging incumbents in residential solar.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hiconics-drive-technology-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hiconics Eco-Energy Technology