Hoymiles: Open Energy for All
Company Overview
Hoymiles was established in 2012 and has grown to over 1600 global employees, with 31%+ of staff dedicated to R&D. The company operates 4 manufacturing bases and has installations in over 190 countries and regions, holding the position of the No. 2 microinverter supplier globally. Hoymiles achieved a revenue of 110 million USD in 2021, growing to 210 million USD in 2022 and projected to reach 280 million USD in 2023.
Our Journey
Hoymiles embarked on its open energy adventure over 12 years ago. Key milestones include:
- 2012: Hoymiles established.
- 2014: Launched 1x1, 1p* microinverter.
- 2015: Launched 2x1, 1p* microinverter.
- 2017: Launched 4x1, 1p* microinverter.
- 2019: Introduced Microinverter with reactive power control.
- 2020: Launched 1st generation residential storage system.
- 2021: Listed on the STAR Market, Shanghai Stock Exchange (688032). Introduced WiFi-integrated microinverter, 4x1, 3p* microinverter, and PCS for C&I and utility.
- 2022: Launched Microinverter with Sub-1G, Rapid shutdown device, 2nd generation residential storage system, C&I storage system, and Utility storage system.
- 2023: Introduced World's first 8x1 microinverter (5000W) and World's first AC-coupled micro storage. Launched 350kW string inverter.
- 2024: Started production in Mexico.
Microinverter Technology Platform Evolution
The evolution of Hoymiles' Microinverter Technology Platform includes MI, HM, HMS/HMT, and MiS/MiT series.
Global Presence
Hoymiles maintains a significant global presence with 4 Regional Business HQs (Hangzhou, Frankfurt, Dallas, Bangkok), 4 Manufacturing Bases (Hangzhou, Haining, Lishui, Monterrey), and 5 Distribution Centers & Warehouses (Hangzhou, Eindhoven, Los Angeles, Monterrey, Maceió).
Local Technical Support & Service Teams
Hoymiles provides local technical support and service teams in China, USA, LATAM (Brazil, Colombia, Mexico), APAC (Australia, India, Malaysia, Thailand), and EU (Belgium, Finland, France, Germany, Italy, Luxemburg, Netherlands, Portugal, Spain, UK). Support in LATAM (Chile), APAC (Pakistan, Philippines, Vietnam), and EMEA (Hungary, UAE, South Africa, Sweden) is planned for operation in 2025.
Research & Development
The company's technology foundation is built upon the "Regulation Mechanism and Topology Derivation Principle of High Step-Up Power Converters," which earned Dr. Yang Bo, CEO and founder, the prestigious Second Prize of the State Natural Science Award in 2016. Hoymiles' R&D labs are accredited by world-leading testing institutions: CSA Group, TÜV NORD, and BUREAU VERITAS.
Performance & Investment
Over 13% of revenue is allocated to R&D investment, with one-third of the workforce dedicated to the R&D team. Hoymiles microinverters deliver industry-leading energy conversion performance, achieving 97.5% Peak efficiency and 97% CEC efficiency, surpassing the industry average of 96.5% peak efficiency and 96% CEC efficiency.
Honors and Awards
- Solar Inverter Contribution Enterprises (issued by TÜV Rheinland)
- Solar Prosumer Award 2022-2024 (issued by EUPD Research)
- GlocalINTop50 (issued by MIT Technology Review)
Supply Chain Excellence
Annual Manufacturing Capacity
Hoymiles boasts an annual manufacturing capacity of 5 million units for microinverters, 10 GWh for energy storage, and 10 GW for utility inverters.
Global Average Lead Time
The global average lead time is 3 weeks from manufacturing (with forecast) and 3 days from local warehouses (CN, EU & USA). Defect rates are kept below 180 dppm for microinverters.
Quality Control & Management Systems
Comprehensive quality control is ensured through advanced tracking, strict testing, and third-party verifications. Management systems are certified according to ISO/IEC 27001, ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and GB/T 29490-2013 standards.
Customer Service
Hoymiles achieves 96%+ Customer Satisfaction and resolves issues within 48 hours globally. Their service approach is Customer-focused, Full-lifecycle, and Professional & Efficient, supported by a network including Technical Call-Center, Field Service, Repair Center, CRM Warranty Management, Project Management, and Training Academy. The professional service network is delivered by factory-trained engineers worldwide, offering comprehensive technical support, a safety-first approach, and always-available customer care.
Sustainability Commitment
Green Development
Hoymiles supports global carbon reduction initiatives and promotes the energy transition goal by integrating solar energy into agriculture, livestock, and urban infrastructure, delivering sustainable power for traditional industries. The company also actively participates in green charitable causes.
Green Production
Headquarters and factories are powered by green energy. By optimizing energy efficiency and reducing emissions, Hoymiles creates a low-carbon production system that balances environmental responsibility with business growth.
People First
Hoymiles provides comprehensive benefits, career growth opportunities, and a clear path for advancement within a healthy, safe, and inclusive work environment, prioritizing the well-being of employees and their families.
Data & Privacy
Data and privacy protection are prioritized through a robust information security management system. Using access controls and encryption, Hoymiles products are certified for cybersecurity, ensuring the safety of core data and user information.
(German phrase from original document: Hoymiles wünscht dem Balkon-PV-Upcycling-Event viel Erfolg - Hoymiles wishes the Balcony PV Upcycling Event great success.)
Hoymiles Energy Solutions for All Scenarios in Solar & Storage
DIY Solutions
Hoymiles offers solutions for DIY solar and storage projects. Examples include:
- Location: Germany, Capacity: 2.24kWh, Product: MS-A2
- Location: Germany, Capacity: 1.6kW, Product: HMS-800W-2T
- Location: Germany, Capacity: 800W, Product: HMS-800W-2T
Residential Solutions
Hoymiles provides AC-coupled and hybrid solar and storage solutions for residential applications. Examples include:
- Location: England, Capacity: 6kW / 10kWh, Product: HYS-6.0LV-EUG1 / LB-10S-G1
- Location: Malaysia, Capacity: 9.68kW, Product: HMS-2000-4T
- Location: France, Capacity: 5kW, Product: HYS-5.0LV-EUG1
- Location: Canada, Capacity: 17.6kW, Product: HMS-2000-4T-NA
Commercial & Industrial (C&I) Solutions
Hoymiles offers a range of C&I solar and storage systems. Examples include:
- Location: Brazil, Capacity: 52kW, Product: HMT-2000-4T
- Location: Thailand, Capacity: 80.76kW, Product: HMS-2000-4T
- Location: Thailand, Capacity: 670kW, Product: HMT-2000-4T
- Location: China, Capacity: 2.8MW, Product: HMS-2000-4T
- Location: China, Capacity: 1MW / 2MWh, Product: HoyCore
- Location: Philippines, Capacity: 5MW, Product: HRSD-2C
- Location: Germany, Capacity: 100kW / 215kWh, Product: HoyUltra
- Location: Mexico, Capacity: 1MW / 1.376MWh, Product: HoyCore
Utility Solutions
Hoymiles provides utility-scale solar and storage solutions. Examples include:
- Location: China, Capacity: 18MW / 36MWh, Product: HoyPrime
- Location: China, Capacity: 45MW / 133MWh, Product: HPCS1250N HoyPrime
- Location: China, Capacity: 20MW / 40MWh, Product: HoyPrime
- Location: China, Capacity: 50MW / 100MWh, Product: HoyPrime
- Location: Latvia, Capacity: 10.32MW / 20.64MWh, Product: HoyPrime