Next-Generation Microinverter Technology

Powering the global solar revolution with software-defined inverter architecture

Sparq Systems designs and manufactures the Quad microinverter — one intelligent device optimizing four solar panels, engineered for 25-year design life and a pan-India distribution network through Reliance.

TSXV: SPRQ OTCQB: SPRQF FSE: M26
85+Patents granted & pending
>99%Manufacturing yield
60 MWLatest purchase order
$5.3MCash (Q3 2025)
NILDebt
117MShares outstanding
Technology Differentiation

One device, four panels, no failure-prone parts

The Quad architecture eliminates the electrolytic capacitor — the #1 failure component in competing microinverters — and replaces fixed hardware with software-defined, OTA-upgradeable control.

Quad Architecture

One inverter handles four PV panels — 75% fewer devices than traditional 1:1 microinverters, cutting installation cost and complexity.

No Electrolytic Caps

Eliminates the #1 failure component in the field, delivering a 25-year design life that matches the solar panels themselves.

Software-Defined

Differential-geometry digital control — the intelligence is algorithm, not hardware. Multi-mode: seamless on-grid / off-grid / diesel-gen switching.

Cost Leadership

Targets $0.08/W — on par with central inverters, at the panel level, with the reliability of a solid-state design.

IC Roadmap

Consolidating ~150 components toward 15 — an iPhone-sized next-generation inverter on a defined integration path.

OTA-Upgradeable

The AI Grid Power Control layer enables zero-export and dynamic trading — the device improves in the field, over the air.

Reliance / Jio Partnership

A zero-capital route to a pan-India network

In February 2024, SPARQ entered a long-term manufacturing and supply agreement with Jio Things Ltd, a subsidiary of Reliance Industries — India's largest company.

SPARQ designs; IL JIN (Amber Enterprises) manufactures in India; Jio distributes via its pan-India network. SPARQ bears zero CapEx, zero working capital, and zero distribution cost.

The scale behind it

Reliance is investing $10B+ in the Jamnagar New Energy Complex, targeting 10 GW/yr of solar module capacity scaling to 20–30 GW. At ~500K microinverters per 1 GW, the addressable pull is structural — not a single order.

Jio Sparq micro inverters featured at REI Exhibition, India Energy Week, and Smarter E Summit 2026.

Purchase Order Acceleration

5× order growth in 20 months

Every order below is from a public news release — the commercial ramp is on the record, not projected.

Jun 2024
12 MW
6,000 units
Aug 2024
20 MW
10,000 units
Mar 2026
60 MW
30,000 units
5× growth in 20 months — all from public NRs.
Leadership

Founded at Queen's University, 2009

Dr. Praveen Jain

CEO & Founder

Officer of the Order of Canada (2026). IEEE Medal in Power Engineering (2021). Killam Prize (2023). 100+ patents. Founded CHiL Semiconductor (acquired by Infineon). Canada Research Chair, Queen's University.

Dr. Majid Pahlevani

CTO

IEEE Fellow (2025). 70+ US patents. Inventor of the Quad's core power circuitry and digital control techniques.

Ravi Sood

Chairman

30+ years capital markets. Founded Abraxas, Buchanan Renewables, Jade Power, Golconda Gold, Navina AM.

Product Family

A platform, not a single product

Q2000 Quad — 4-input single-phase, 2kW (flagship)
Quad3 — three-phase C&I, solar pumps, EV charging
D1200 Duo — dual-input European balcony solar
PV + Battery Quad — integrated energy storage
AI Grid Power Control — zero-export, dynamic trading
SparqLinq / SparqVu / SparqSync — monitoring platform

Market Opportunity

India targets 280 GW of solar by 2030; the PM Surya Ghar scheme covers 10M rooftop households by FY 2026-27. The global microinverter market runs ~$6.4B (2026) toward ~$25.7B (2035). Adjacent markets: EVs, battery storage, telecom towers, data centers.

Analyst Coverage

C$2.00
Beacon Securities — Spec Buy
Price target initiated Sep 2025. DCF model, 9× EBITDA exit, 174% upside at initiation.

The filings, cited to the source

Every figure on this page traces to SPARQ's SEDAR+ regulatory filings. Explore the full knowledge base — financials, MD&A, news releases, and the entity map — each answer linked to the document it came from.

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