Risen Energy

What Risen Energy does

Risen Energy Co., Ltd. is a privately held, vertically integrated solar photovoltaic manufacturer headquartered in Ninghai, Ningbo, China, founded in 1986. The company designs, manufactures, and sells high-efficiency crystalline silicon solar modules across HJT (heterojunction), TOPCon, and PERC cell technology platforms, alongside utility-scale, commercial-industrial (C&I), and residential energy storage systems, building-integrated photovoltaics (BIPV), and project development/EPC services. Its flagship HJT Hyper-ion module line delivers up to 767.38Wp power output and 24.7% conversion efficiency, enabled by proprietary 0BB (Zero Busbar) cell architecture, Hyper-Link interconnection, 90-100μm ultra-thin silicon wafers, UV down-conversion encapsulation film, and zinc-aluminum-magnesium coated steel frames. By end of 2023 the company had reached 35GW module and 27GW cell production capacity across China (Ningbo, Chuzhou, Jintan, Yiwu, Baotou) and Malaysia (Kulim Hi-Tech Park), making it one of only two manufacturers with full vertical integration from polysilicon through modules, supported by 740+ proprietary patents (including 104 HJT patents).

Risen Energy generated 2023 revenue of US$4.87 billion (RMB 35.33 billion), up 20.22% year-over-year, with net profit (after non-recurring items) of US$218 million (RMB 1.58 billion), up 55.77%. It serves three primary segments: utility-scale project developers and utilities (e.g., SPIC, China Datang, MOL Group, Doral/Mammoth Solar, Clēnera), C&I customers (via BIPV and storage), and residential end-users. Distribution combines direct enterprise sales with 22 regional sales/service centers and a channel network of major distributors including OSW (1GW HJT supply agreement 2023-2025), Menlo Electric, Corab, and Athein Holding across 60+ countries, anchored by a European headquarters opened in Madrid in November 2024.

The business model is hardware-led with project-based pricing. Solar module sales are the dominant revenue stream, supplemented by energy storage systems (15GWh annual capacity, first in China to pass UL9540A in both China and US), BIPV products via Risen Energy Green Power, PV power plant development/EPC services, and financial leasing through Risen Energy (Shanghai) Financial Leasing Co., Ltd. Customer warranties extend to 12-year product and 30-year power coverage on premium modules. The company is recognized as a Top 5 global PV module manufacturer by Wood Mackenzie (2023), a PVEL Top Performer for three consecutive years, and holds an S&P Global ESG score of 65 (top 5% in semiconductor industry).

Name

Risen Energy

Legal name

Risen Energy Co., Ltd.

Website

https://en.risen.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Risen Energy is a China-based, vertically integrated solar PV manufacturer producing HJT, TOPCon, and PERC modules alongside energy storage systems and BIPV solutions. Founded in 1986, it serves utility-scale developers, C&I customers, and distributors across 60+ countries.

Ownership category

akta.pro rank

Product category

Solar Photovoltaic Modules

NAICS

Solar Electric Power Generation (221114)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA)

akta.pro secondary industries

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar Roofing & Roof-Mounted PV Systems (IMADAFAO), Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters) (EUAMABAE), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Solar Distribution & Wholesale Supply (Channel, Procurement, Logistics) (EUAMABAK)

Keywords

• Solar photovoltaic modules
• Heterojunction solar cells
• Energy storage systems
• Building-integrated photovoltaics
• Utility-scale solar projects

Headquarters

HQ city

Ningbo

HQ country

China

HQ region

Asia

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Solar Module Sales: Manufacturing and sale of high-efficiency solar PV modules including HJT Hyper-ion, TOPCon, and PERC modules. Major revenue driver with production capacity of 35GW for modules and 27GW for cells.
2. Energy Storage Systems: Full-scenario energy storage system solutions covering battery cells, modules, C&I and large energy storage systems, and energy storage inverters/PCS.
3. PV Power Plant Development and EPC Services: Development, investment, construction, and operation of photovoltaic power stations including ground centralized and distributed C&I rooftop installations.
4. BIPV Systems: Building-integrated photovoltaics (BIPV) systems including C&I and residential solutions through Risen Energy Green Power subsidiary.
5. Financial Leasing: Risen Energy (Shanghai) Financial Leasing Co., Ltd provides PV financial products and lease structures for new energy power companies.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels5 records

Core offering

Risen Energy manufactures and sells high-efficiency solar photovoltaic modules (HJT Hyper-ion, TOPCon, PERC technologies) with vertically integrated production from polysilicon to modules. The company also provides complete energy storage systems (residential, C&I, utility-scale, modular ESS, PCS, EMS), solar inverters (micro, string, hybrid), building-integrated photovoltaics (BIPV), and EPC services for utility-scale PV power plant development and operation.

Product overview

Risen Energy is a vertically integrated solar energy company offering a comprehensive portfolio of photovoltaic products and solutions. The core product lines include HJT Hyper-ion Modules (featuring industry-leading heterojunction technology with 210+ platform, 0BB, ultra-thin wafers, and Hyper-link interconnection achieving up to 767Wp and 24.7% efficiency) and TOPCon Modules (tunnel oxide passivated contact technology). The energy storage portfolio spans Residential, C&I, and Utility-scale systems plus Modular ESS, Energy Storage Inverters/PCS, and Energy Management Systems. The inverter range includes Microinverters, String Inverters, and Hybrid Inverters. The BIPV division offers C&I BIPV Systems, Residential BIPV, and specialized roofing solutions including Converging Energy Roof, Empowering Energy Roof, Stacked/Tiled/Single-curve Super Tiles, and Car-home BIPV. Founded in 1986, Risen Energy operates manufacturing bases in China (Chuzhou, Jintan, Yiwu, Ningbo, Baotou) and Malaysia, with approximately 27GW cell capacity and 35GW module capacity. The company established the Global Photovoltaic Research Institute in November 2023 and maintains a dedicated energy storage division in Ninghai with over 15GWh annual production capacity and 200+ R&D personnel.

Differentiator

Problem solved

Functional benefit

Brands

• Titan Series: High-efficiency monocrystalline silicon solar module product line featuring up to 670W power output
• Hyper-ion Series

Products and services

• HJT Hyper-ion Module
• TOPCon Module
• Residential Energy Storage
• C&I Energy Storage
• Utility-scale Energy Storage
• Modular ESS
• Energy Storage Inverter/PCS
• Energy Management System/EMS
• Microinverter
• String Inverter
• Hybrid Inverter
• C&I BIPV System
• Converging Energy Roof
• Empowering Energy Roof
• Residential BIPV System
• Stacked Type Super Tile
• Tiled Type Super Tile
• Single-curve Super Tile
• Car-home BIPV
• 1500V Series PV Modules

Quantifiable outcome

• Power generation gain of 3.40% in Yinchuan and 5.50% in Hainan vs PERC modules
• +7 more outcomes

Named customers19 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

21 partnerships are on record, tiered flagship, core, strategic and minor.

• Athein Holding Pte LtdflagshipChannel Partner/ Reseller/ Distributor · 3 July 2023Singapore-based independent power producer (IPP) platform for Southeast Asia and India. Supply agreement for up to 1GWp of HJT photovoltaic modules. Platform committed to operate 1GWp of renewable assets by 2026.
• OSW (One Stop Warehouse)flagshipChannel Partner/ Reseller/ Distributor · 27 June 2023Partnership for 1GW HJT module supply agreement from 2023 to 2025. OSW is Australia's largest solar distributor and Risen's largest Australian distributor. Modules are supplied for Australian, European, and South American markets. Partnership began in 2019.
• Menlo ElectriccoreChannel Partner/ Reseller/ Distributor · 1 June 2022Pan-European solar distributor with operations in 20+ European markets from 7 warehouses. 150MW module contract bringing total 2022 orders to 300MW, making them top 5 Risen Energy distributor in EU.
• CorabcoreChannel Partner/ Reseller/ DistributorPolish solar company with nearly 30 years experience in electronics and steel/aluminum components. 600MW module order including full range of 210mm products for roof and ground projects in Poland and 20 European countries.
• Chemtech SolarcoreChannel Partner/ Reseller/ DistributorItaly-based IPP and EPC company with 8+ year strategic partnership. Major penetration into African solar market. 22MW order for Republic of Senegal, West Africa.
• One Stop WarehouseflagshipChannel Partner/ Reseller/ DistributorAustralia's largest solar distributor. 150MW exclusive distribution agreement for 370W MONO PERC Half Cut Jaegar module with first rights to Titan 210mm cell series for rooftop application. Second year of largest distribution agreement.
• Sungrow Power Supply Co., LtdcoreStrategic or Co-development PartnerStrategic cooperation agreement covering PV grid-connected generation project development, technological innovation, and brand promotion. Mutual module and inverter supply for solar power stations. Joint development of intelligent solutions and energy internet platform.
• MIT Industrial Liaison ProgramstrategicStrategic or Co-development PartnerStrategic partnership with MIT for R&D collaboration in solar technology development.
• China Jiliang UniversitystrategicStrategic or Co-development PartnerAcademic partnership for solar cell and module research and development alongside MIT.
• Global Energy Generation LLC (Doral LLC)flagshipChannel Partner/ Reseller/ Distributor480MW high-efficiency bi-facial module supply agreement for first phase of Mammoth Solar project in Indiana. Doral LLC is a leading US developer with 1.65 GWdc Mammoth project and 3 GWdc projects under development. Modules manufactured in Malaysia.
• ClēneracoreChannel Partner/ Reseller/ DistributorUS renewable energy company headquartered in Boise, Idaho. 127.5 MWDC Wapello Solar project in Iowa - completed on time during pandemic. Clēnera has 1.6 GW operating portfolio with 17 GW solar and storage in development.
• Surya Prakash Vietnam Energy (Shapoorji Pallonji Group)coreChannel Partner/ Reseller/ Distributor50MW PV facility contract with 26MW tracking system and 24MW fixed support structure. Subsidiary of Shapoorji Pallonji Group - India's largest private infrastructure development group.
• TascominorChannel Partner/ Reseller/ DistributorVietnam-based company. 61MW project outsourcing contract in same province as other Vietnam projects.
• Bitexco GroupminorChannel Partner/ Reseller/ DistributorVietnam-based company. 50MW module supply contract for Vietnam project.
• AAGEScoreChannel Partner/ Reseller/ DistributorGlobal energy solutions company. 26MW module supply for La Sierpe project in Colombia - second largest project in Colombia and first to use double-sided double-glass modules.
• Optimum Energy LLCminorChannel Partner/ Reseller/ DistributorDeveloper and EPC for Vayots Arev-1 solar farm in Armenia. Local partner and exclusive distributor for the region.
• Mytrah Energy LtdcoreChannel Partner/ Reseller/ DistributorIndia-based renewable energy company. 175MWp solar PV module order with option for additional 50MWp. Projects spread across Indian sub-continent with 72 and 60 cell configuration modules.
• SynShine CapitalstrategicStrategic or Co-development PartnerMeeting in Nice Island, Indonesia to explore cooperation in ASEAN development with solar power potential. Indonesia has 1380 hours/month solar radiation and abundant land resources.
• SOLAR ONE CEYLON PRIVATE LIMITEDminorChannel Partner/ Reseller/ DistributorGermany-based family enterprise operating largest textile factory in Sri Lanka. 10MW oversea EPC order for Sri Lanka's largest PV project at time of signing. Northern province location with 1500+ annual solar hours.
• Malaysian Investment Development Authority (MIDA)strategicStrategic or Co-development PartnerMeeting with MIDA for Risen Solar Technology Sdn Bhd investment support. Facilitating solar manufacturing investment in Kulim Hi-Tech Park, Kedah, Malaysia.
• CertisolisstrategicTechnology or IntegrationThird-party certification institution appointed by French Energy Regulatory Commission (CRE). Provided carbon footprint certification for HJT Hyper-ion module achieving record-breaking 376.5 kg eq CO2/kWc.

Scale indicators16 records

Recent moves11 records

Expansion highlights6 records

Market position

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/RisenEnergy
• LinkedInlinkedin.com/company/risen-energy

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

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 Risen Energy