Emica Solar
Custom floating solar photovoltaic systems for water bodies.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | €500k | Seed | |
| Total Funding | 000k | ||
| EUR | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 18 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | - | 5 % |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
Emica Solar, founded in 2021, designs and manufactures floating photovoltaic (FPV) systems for installation on water bodies like reservoirs and ponds. The company operates as an intrapreneurship initiative spun out of Emica, a century-old company specializing in centrifugal pumps. This heritage provides Emica Solar with extensive experience in pumping solutions and naval design, which it combines with solar sector expertise.
The firm is led by Jon Ander Agirrebengoa, whose career spans the automotive, solar metal structures, and fluid pump industries. Emica Solar was established to leverage the parent company's engineering knowledge to create high-value solar solutions, initially focusing on floating systems for significant energy consumers. The company's core product is its YFS (Your Floating Solution) platform, a Class 1 floating solar system that uses a metal structure with floats made from recycled plastic for robustness and reliability. This Trimaran-based structure is designed by naval engineers to handle waves and currents. The design aims to maximize energy efficiency by enabling better panel cooling, allowing the installation of large-format bifacial panels, and offering adjustable tilt angles up to 25 degrees.
Emica Solar serves clients in agricultural, industrial, and other energy-intensive sectors that manage water surfaces. Its business model focuses on providing customized, turnkey projects tailored to each site's specific conditions to ensure optimal power generation. The company claims its systems can generate up to 40% more energy than conventional land-based solutions. Beyond energy generation, the systems are designed to have a minimal environmental footprint, reduce water evaporation, and limit algae growth. In March 2025, the company secured $520K in an early-stage venture capital round from investors including Seed Capital Bizkaia and Spri Group to support its growth.
Keywords: floating solar systems, floating photovoltaic, FPV systems, water-body solar, naval design solar, centrifugal pumps, renewable energy, solar energy generation, bifacial solar panels, custom solar projects, solar water reservoirs, clean energy, agrivoltaics, solar panel cooling, Emica, Jon Ander Agirrebengoa, Seed Capital Bizkaia, Spri Group, YFS platform, environmental impact solar