Background
Omnivoltaic Energy Solutions Company Limited (OVES) is a corporation registered in Hong Kong, engaging significantly in the off-grid solar energy market since its foundation in 2016. Led by a cadre of experienced technologists and product design specialists from the United States and the United Kingdom, OVES has carved out a leading position in the off-grid electricity sector. This leadership is underscored by its dual focus on manufacturing hardware and distributing products, as well as on developing associated Internet of Things (IoT) software platforms.
Growth
The journey of OVES from its establishment has been marked by strategic international expansion and significant investments in local partnerships across various countries. This expansion strategy includes establishing operational footprints in Kenya, Malawi, Mozambique, and extending sales representation to the Philippines, Ethiopia, the Middle East, and the United States. Such global presence has been instrumental in broadening the company’s impact and reach within the off-grid solar market.
Winning Strategy
At the core of OVES's success lies a robust investment in product research and development (R&D), primarily located in Shenzhen, China. This strategic focus on R&D has enabled OVES to stay at the forefront of technological innovation in the off-grid electricity sector. Furthermore, OVES has developed an extensive network of Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) partnerships across China. This network plays a critical role in ensuring a competitive advantage through cost-effective sourcing of key components, product assembly, and testing. The synergy of advanced product technologies from the West combined with efficient production capabilities in China has been a cornerstone of OVES’s winning strategy in the off-grid solar market.