AdvanSol completed its Pre-A round of financing and is committed to creating a new era of intelligent optical energy storage integration.
It is reported that AdvanSol, a high-tech enterprise focusing on power electronics and digital power conversion, has announced the completion of its Pre-A round of financing. This round was exclusively invested by Fenghe Capital, an industrial investment institution. The financing will be mainly used for the technological upgrade of the 3rd generation micro-string inverter solution, the expansion of overseas markets, and the strategic extension in the energy storage direction.
Investment Background: In the era of photovoltaic-storage integration, the MLPE track ushers in high growth
According to data from the Qianzhan Industry Research Institute, the global photovoltaic inverter shipments are expected to reach 423GW in 2024, a 10.9% increase from 2023, with a five-year compound growth rate of approximately 29.19%. Meanwhile, the global new energy storage installation capacity is expected to exceed 90GWh, with the most significant growth in household and commercial and industrial energy storage. The in-depth transformation of the power structure has promoted the trend of "photovoltaic + energy storage" integration. From single power generation to distributed energy management, the market demand for safety, controllability, and energy efficiency optimization is rapidly increasing.
Against this background, module-level power electronics (MLPE) technology has become the key foundation for the intelligence of distributed photovoltaic and energy storage systems. Statista data shows that the penetration rates of optimizers, rapid shutdown devices, and micro-string inverters continue to increase. It is expected that the global MLPE market size will exceed $10 billion by 2025. The industry is accelerating the evolution from the second-generation string solution to the third-generation micro-string solution with optimization, shutdown, and energy storage adaptation capabilities, which is also the core track targeted by AdvanSol's V3.0 solution.
The 3rd Generation Micro-String Solution: Systematic and Module-Level Intelligence
AdvanSol focuses on building module-level power optimizers, shutdown devices, the third-generation micro-string control system, and intelligent DC bus photovoltaic-storage solutions. The V3.0 solution is a systematic and module-level intelligent solution that comprehensively optimizes efficiency, safety, flexibility, and cost through the in-depth collaboration of super hardware and super software.
AdvanSol is good at all-round module-level intelligent control and system collaboration capabilities. Based on the MLPE architecture, it can independently monitor and adjust the power of each module, achieving refined management and maximum power generation efficiency, while providing data support for the photovoltaic-storage integrated system. It is equipped with built-in AFCI arc fault detection and RSD rapid shutdown technology, which can reduce the high voltage to a safe voltage within 30 seconds, meeting the component-level safety standards of NEC and many countries and comprehensively ensuring system safety. The module-level MPPT algorithm achieves optimal power output under complex lighting conditions, increasing power generation by 10% - 30%, and intelligently interacts with the energy storage system to optimize the energy path. The V3.0 system architecture reserves an energy storage interface, compatible with DC-side coupling and AC-side expansion, laying a technical foundation for future distributed energy storage and microgrid systems. The products have passed multiple international certifications such as UL, CE, and IEC, meeting the installation and safety regulations requirements of overseas markets. At the same time, the Acloud intelligent operation and maintenance platform based on cloud computing and AI analysis can achieve module-level data collection, hot spot detection, energy flow tracking, and fault early warning, and support remote monitoring and power distribution optimization of the energy storage system, building a full-link intelligent ecosystem from power generation to energy storage.
Dr. Chen Jian, the founder, said: "The 3rd generation micro-string solution is not only a hardware upgrade but also a systematic solution for photovoltaic-storage integration. Through the optimizer + micro-string controller + cloud platform, we create a cost-effective, component-level safe, and intelligent operation and maintenance solution. It is not only the standard configuration for intelligent power stations and a one-stop solution but also empowers future power stations. This is the core of our long-term strategy, and we hope to provide a safer, smarter, and more cost-effective system experience for global distributed photovoltaic-storage users."
The Full-Stack R & D Team: Independent and Full-Link Control
The founding team of AdvanSol comes from international leading enterprises such as SMA, Sungrow, Inovance Technology, and Trina Solar, with rich mass production R & D and market experience. The company adheres to a full-stack product line layout, covering optimizers, shutdown devices, the 3rd generation micro-string inverters, and the cloud platform, and realizes independent R & D and production, forming a complete closed-loop from chips, circuits, systems to software platforms.
In its first year of establishment, AdvanSol has completed its full range of certified product lines and achieved good results. In the future, the company will continue to strengthen the two-way collaborative technology of photovoltaics and energy storage, providing intelligent solutions from components to systems for the global distributed market.
Fenghe Capital: Long-Term Layout under Industrial Collaboration
Fenghe Capital is an industrial investment institution focusing on new energy and advanced manufacturing. The team consists of industry leaders and capital market experts, committed to empowering the upstream and downstream of the industrial chain through the "capital perspective + industrial touch."
In recent years, based on in-depth industry understanding, it has laid out all core links of the industrial chain and has invested in a number of high-quality enterprises, including Haichen Energy Storage, Xinjie Energy, Zhongsan Precision, Singularity Energy, Jingqing Digital Power, Xinxian Semiconductor, and AdvanSol.
Lu Chengcheng, the chairman of Fenghe, said:
"With the accelerated integration of distributed photovoltaics and energy storage, MLPE has become a key link in system intelligence. AdvanSol's 3rd generation micro-string solution achieves the unity of efficiency, safety, and intelligence at the component level. Compared with string inverters, it has higher flexibility, and compared with micro-inverters, it has a wider range of applicable scenarios. It is an important direction for the evolution of MLPE towards photovoltaic-storage integration. Fenghe hopes to assist AdvanSol's future extension in the energy storage field through industrial resource collaboration and jointly create a new global green energy ecosystem."
It is worth mentioning that Fenghe Capital's investment in AdvanSol not only provides financial support but also injects industrial resources and development momentum into the company's future layout in the energy storage field. With Fenghe's long-term accumulation in the energy storage ecosystem, AdvanSol will obtain stronger technological collaboration and market empowerment, accelerating its growth in the global competition of photovoltaic-storage integration, and the future is promising.
Outlook: The Next-Generation Power Electronics Platform for Photovoltaic-Storage Integration
After the completion of this round of financing, AdvanSol will accelerate the large-scale production of the 3rd generation micro-string solution and further improve the energy storage collaboration architecture and the functions of the Acloud platform, forming a standardized interface that can be widely applied to photovoltaic power stations, household energy storage, and commercial and industrial energy storage systems.
The company plans to expand its overseas market share in the next two years and build a global technology and service network. With its independent R & D capabilities and multiple international certifications, AdvanSol is expected to become a leader in the next-generation photovoltaic-storage integration inverter technology, contributing solutions to global energy security and efficient utilization.