- CEO
- Kent Jonsson
- Full Time Employees
- 46
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- Odlingsgatan 7B Sundbyberg AB Sweden 174 53
- IPO Date
- Mar 22, 2019
- Business
- Ferroamp AB (publ) (FERRO.ST) is a Sweden-based greentech company that develops, manufactures and markets advanced energy and power optimization solutions for residential, multi-family and commercial properties, primarily focused on integrating solar power, battery storage and electric vehicle charging via a proprietary DC nano-grid platform. The company offers the EnergyHub inverter system, which serves as the core component for dynamic phase balancing (ACE - Adaptive Current Equalization), solar string optimizers, PowerShare for multi-property energy sharing, modular energy storage solutions, EV charging optimization, and the Energy Cloud software platform for real-time monitoring, control and analysis; additional services include system support, operational monitoring and expert dimensioning assistance for property owners, tenant associations and businesses. Ferroamp targets homeowners, property owners and electrification-driven markets in Sweden and the Netherlands, with expansion plans into other European countries featuring high solar adoption such as Germany, Spain and Italy. Founded in 2010 by Björn Jernström and headquartered at Domnarvsgatan 16 in Spånga (near Stockholm), Sweden, the company, formerly known as Ferroamp Elektronik AB, listed on Nasdaq First North Growth Market in 2019 and employs approximately 80 people. Recent developments include a supplier and cooperation agreement with Svea Solar to integrate Ferroamp systems into its portfolio; a collaboration with Enequi for smart home optimization linking Ferroamp with heat pumps and other consumers; advancement in ancillary services with Ntricity, including activation of bidding portfolios in Sweden's balancing market, pre-qualification for frequency containment reserve-down (FCR-D) and development of energy storage for grid support; field tests of vehicle-to-grid (V2G) technology; a rights issue in 2023 raising SEK 197.7 million for production scaling and next-generation EnergyHub development; achievement of production targets at supplier Kitron; and appointment of Kent Jonsson as CEO in 2023, alongside recruitment of Niklas Cassel for European market expansion.