EcoVille

What EcoVille does

EcoVille LLC is an Armenian renewable energy company founded in 2015 as part of OST Group, specializing in the supply and installation of photovoltaic (PV) solar systems, solar water heaters, and locally manufactured battery energy storage systems under the AREGA brand. The company serves four primary customer segments: residential homeowners seeking rooftop solar and hot water solutions, commercial and industrial enterprises (food processing, agriculture, retail, schools) requiring cost-reduction solar installations, government and public institutions, and utility-scale solar developers for whom EcoVille delivers multi-MW solar power plants ranging from approximately 2.7 MW to 30 MW. As of 2023, EcoVille reported total installed capacity of 150 MW across more than 10,000 completed projects, making it the largest solar EPC contractor in Armenia by headcount (350+ specialists).

The company's core technology stack combines international hardware partnerships (SunPower, Fronius, JA Solar, Solis, REC, SOLAX, EGING PV) with proprietary offerings including AI-powered drone monitoring systems that use computer vision and thermal imaging for predictive maintenance, and locally assembled battery storage systems. The business operates through a consultative, field-sales-led go-to-market model: every customer engagement begins with a free consultation and on-site inspection, followed by a personalized quote and bundled installation. Revenue is generated primarily through one-time hardware sales plus installation services, supplemented by recurring maintenance and monitoring contracts and, increasingly, electricity supply via the newly created Volta Energy subsidiary. Distribution is amplified by partnerships with seven Armenian banks and leasing companies (Ameriabank, ACBA, ArmSwissBank, Everbank, ID Bank, AEB, Armenian Leasing) that provide installment financing to end customers.

EcoVille is organized as a holding company with five operating subsidiaries: EcoVille Solar (the core EPC business), EcoVille Energy (electricity supply), Synex (substation construction and electrical infrastructure), AREGA (battery storage manufacturing), and Volta Energy (electricity supply to large consumers). Geographic operations span Armenia (headquarters in Yerevan), Georgia (Tbilisi branch), and Switzerland (opened November 2024). Strategic priorities include scaling utility-scale project execution in Armenia where national solar capacity recently exceeded 1,045 MW, expanding the Swiss market footprint in higher-margin Western Europe, and vertically integrating through electricity retail and battery manufacturing to capture recurring revenue beyond one-time EPC sales.

Name

EcoVille

Legal name

EcoVille LLC

Website

https://ecoville.am

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

251–500 employees

Short description

EcoVille is an Armenian solar EPC contractor and part of OST Group that designs, supplies, and installs photovoltaic systems, solar water heaters, and AREGA battery storage for residential, commercial, government, and utility-scale customers across Armenia, Georgia, and Switzerland.

Ownership category

akta.pro rank

Product category

Solar Energy Systems Installation

NAICS

Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Cogeneration Services & Small Power Producers (4991), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA) (EUACAGAH), Residential / Behind-the-Meter Storage Installation & Integration (EUAEAEAC), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

Keywords

• Solar energy installation
• Photovoltaic systems
• Solar water heaters
• Battery energy storage
• Renewable energy solutions

Headquarters

HQ city

Yerevan

HQ country

Armenia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Solar Panel System Sales and Installation: Import, sale, and installation of photovoltaic systems including panels, inverters, and balance-of-system components. One-time revenue from hardware sale plus installation services.
2. Solar Water Heater Sales and Installation: Supply and installation of solar water heating systems including Jiadele brand products. Revenue generated from equipment sale and professional installation services.
3. AREGA Energy Storage and Battery Systems: Manufacturing and sale of battery/energy storage systems. Solutions include portable solar generators, stationery storage units. Available via rental, installment, and purchase options.
4. Technical Maintenance and Monitoring Services: Ongoing services including panel cleaning, system inspection, inverter and cable checks, monitoring, and AI monitoring with drones. Services available to both EcoVille and other solar company customers.
5. Synex Electrical Infrastructure Services: Substation construction, electrical transformer installation, high-voltage equipment supply, and technical maintenance services through Synex subsidiary.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

EcoVille supplies, sells, and installs photovoltaic (PV) solar power plants, solar water heating systems, and battery energy storage solutions for residential, commercial, and utility-scale customers. The company also manufactures AREGA-brand battery storage systems locally in Armenia, operates an AI-powered drone monitoring service for solar installations, and delivers electrical infrastructure services (substations, transformers) through its Synex subsidiary. The offering spans hardware, professional installation, ongoing maintenance, and electricity supply via EcoVille Energy and Volta Energy.

Product overview

EcoVille is a comprehensive renewable energy company operating as a multi-brand portfolio within the OST Group holding structure. The core offerings include Solar Stations (photovoltaic systems for homes and businesses), Solar Water Heaters (thermal systems with Jiadele branded collectors), and AREGA (Armenian-manufactured battery energy storage systems including mobile generators and stationary storage). Supporting these products are AI Monitoring services (drone-based inspection using computer vision), Synex (electrical infrastructure and transformer services), and Solar Maintenance Services. EcoVille Energy and Volta Energy extend the offering into electricity supply. The company also provides a Solar Calculator tool for sizing systems and Net-Metering support for grid-tied installations.

Differentiator

Problem solved

Functional benefit

Brands

• AREGA (ԱՐԵԳԱ): Battery and energy storage systems brand producing portable solar generators and stationary battery solutions for residential, business, and community use
• Synex
• EcoVille Energy
• Volta Energy

Products and services

• Solar Station (Solar Power Plant) Photovoltaic systems that convert sunlight into electricity, consisting of solar panels, inverters, bi-directional meters, and monitoring systems. Available for residential rooftops, commercial facilities, and utility-scale projects, with pricing customized to capacity and installation complexity.
• Solar Water Heater Solar thermal systems that use the sun's energy to heat water. Includes non-pressurized thermosiphon, pressurized thermosiphon, and pressurized split systems using Jiadele brand vacuum tube collectors with smart TK-8A control panel and double-layer tanks with food-grade zinc coating. Tank volumes range from 200L to 360L with 20-36 collectors.
• AREGA Energy Storage System Battery energy storage systems manufactured locally in Armenia by certified engineers, designed for energy storage, backup power, load shifting, and energy independence. Includes mobile solar generators, stationary storage units, and hybrid systems. Meets international quality and safety standards and integrates with smart home platforms.
• AI Monitoring Service AI-powered drone monitoring service for solar plants using computer vision, thermal imaging, 3D mapping, and digital twin models. Detects hot spots, shading losses, faulty modules, and electrical problems, then classifies issues by severity and predicts failures for preventive maintenance.
• Solar Maintenance Services Professional maintenance services including inspection, diagnostics, panel cleaning, inverter and cable checks, and ongoing monitoring for EcoVille and other solar company customers. Cleaning services can improve energy production by up to 20% by removing contamination.
• Synex Electrical Infrastructure Services Substation construction, electrical transformer installation, high-voltage equipment supply, and technical maintenance services delivered through the Synex subsidiary. Includes high-voltage substations and lines construction, low-voltage distribution stations, and metal structures production.
• Volta Energy Electricity Supply Electricity supply services for large consumers, created in 2024 as a new direction within EcoVille Holding. Enables the company to supply electricity directly to industrial and commercial large-scale energy consumers.

Quantifiable outcome

• 10,000+ solar installations completed across Armenia, Georgia, and Switzerland
• +5 more outcomes

Named customers20 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability7 records

Feature4 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Solis (Ginlong Technologies)coreTechnology or IntegrationInternational technology partner supplying solar inverter and energy storage solutions. Listed as key international partner in EcoVille's technology ecosystem.
• JA SolarcoreTechnology or IntegrationInternational solar panel manufacturer collaborating since 2016. Listed as key technology partner alongside SunPower and Fronius.
• FroniuscoreTechnology or IntegrationPremium international inverter manufacturer partner since 2016 collaboration for high-quality solar installations.
• CAISENARM (Armenian Energy Association)minorOthersArmenian energy sector association listed as international partner supporting sector development.
• UNDP ArmeniaminorStrategic or Co-development PartnerListed among 'They are also with us' partners — international development organization collaborating on sustainability initiatives.
• GIZminorStrategic or Co-development PartnerGerman development agency partner listed among organizational collaborators on development projects.
• USAID (via R2E2)minorStrategic or Co-development PartnerR2E2 (USAID-funded program) partner supporting renewable energy development in Armenia.
• ADA (Austrian Development Agency)minorStrategic or Co-development PartnerAustrian development agency partner supporting sustainable energy development in Armenia.
• WFP (World Food Programme)minorStrategic or Co-development PartnerUN World Food Programme partner listed as organizational collaborator.
• Hayastan All-Armenian FundminorStrategic or Co-development PartnerAll-Armenian charitable fund partner supporting development projects.
• Urban FoundationminorStrategic or Co-development PartnerUrban Foundation partner supporting urban development and energy projects.
• Volta EnergycoreStrategic or Co-development PartnerNew EcoVille Holding subsidiary created in 2024 to supply electricity to large consumers — representing a new business direction within the holding structure.
• EcoVille EnergycoreStrategic or Co-development PartnerEcoVille Holding subsidiary operating in electricity supply, part of the integrated energy ecosystem alongside solar and storage.
• SynexcoreStrategic or Co-development PartnerEcoVille Holding subsidiary specializing in substation construction, electrical transformer installation, and technical maintenance services.
• Arega (Arega.am)coreStrategic or Co-development PartnerEcoVille Holding subsidiary specializing in energy storage and battery systems. Originally created in 2020 during wartime to provide mobile solar generators to the frontline.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Trina Solar: Trina Solar is a Tier 1 global module manufacturer and integrated solar solutions provider. Comparable to EcoVille as a vertically integrated player in solar, with overlapping distribution and utility-scale project development activities.
• Scatec ASA: Scatec is a Norwegian renewable energy developer/EPC/operator with utility-scale solar, wind, and storage across emerging markets. Comparable to EcoVille's emerging-market focus and integrated solar+storage business model.

Direct peers

• Sonnedix: Sonnedix is a global solar independent power producer with 10+ GW pipeline, focused on owning and operating solar assets. Comparable to EcoVille's utility-scale solar IPP direction and 150 MW+ installed base across multiple countries.
• Fronius International: Fronius is a key EcoVille technology partner since 2016, supplying premium inverters. While Fronius manufactures inverters (not full EPC), it shares EcoVille's premium residential/commercial solar positioning and quality-first go-to-market in similar European and emerging markets.
• Lightsource bp: Lightsource bp is a global utility-scale solar developer and operator with hundreds of MW deployed. Like EcoVille, it operates utility-scale projects (1 MW to 30+ MW), sells electricity via PPAs, and increasingly adds storage — making it a direct peer in the IPP/EPC hybrid business model.
• SunPower (Maxeon Solar): SunPower (now Maxeon for US operations) is a long-time EcoVille technology partner (since 2016) supplying premium solar panels. Both companies serve residential and commercial rooftop solar markets with high-quality equipment, comparable customer profiles, and similar sales-led installation models.
• Voltalia: Voltalia is a French renewable energy developer/EPC/IPP operating solar, wind, and storage across Europe, Latin America, and Africa. Comparable to EcoVille's full-stack renewable energy approach combining development, EPC, electricity supply (Volta Energy), and storage.
• ib vogt: ib vogt is a German solar EPC and IPP with operations across Europe, Middle East, and Africa, deploying utility-scale solar projects. It is comparable to EcoVille's utility-scale solar EPC operations (e.g., Her-Her 30 MW project) and storage-integrated solar offerings.
• JA Solar: JA Solar is one of EcoVille's primary module partners and one of the world's largest solar panel manufacturers. Both companies operate across utility-scale and distributed solar markets globally, and both are integrated into the same ecosystem of bank-financed solar installations.

Regional players

• Solaria Energía y Medio Ambiente: Solaria is a Spanish solar PV developer and manufacturer focused on European markets. Comparable to EcoVille as a regional player focused on rooftop and utility-scale solar in its core geography, with some technology overlap in module manufacturing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ecovillesolar5177?si=NmJsT3ChT9XD6JNt
• Facebookfacebook.com/EcoVille.Solar
• LinkedInlinkedin.com/company/ecoville-llc
• Instagraminstagram.com/ecoville.solar?igsh=MTd5cTcwM3FhcnU0ZQ==
• Xx.com/Ecoville_Solar

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries6 records

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 EcoVille