---
title: "ASM vs Risen - Brand Comparison | ComparePV"
description: "Compare ASM vs Risen solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/asm-vs-risen"
---

# ASM vs Risen

Risen has the broader catalog (153 vs 1 models). Risen leads on peak efficiency at 24.00%. Risen leans bifacial (82% of lineup).


## The two companies


| Attribute | ASM | Risen |
| --- | --- | --- |
| Country | Australia | China |
| Headquarters | Hallam, Victoria | Ninghai |
| Founded | 2009 | 1986 |
| Employees | 1-10 |  |
| Annual capacity |  |  |
| Tier 1 | no | yes |
| Listed |  | SZSE: 300118 |
| Website | [https://www.australiansolarmanufacturing.com.au](https://www.australiansolarmanufacturing.com.au) | [https://www.risenenergy.com](https://www.risenenergy.com) |

Australian Solar Manufacturing (ASM) is a small Australian solar panel assembler that produces crystalline monocrystalline modules domestically using components sourced from Germany, Japan, the USA, and China. The company focuses on providing locally assembled PV modules tailored to Australian conditions, supporting...


## Catalog & Power


| Measure | ASM | Risen | Margin |
| --- | --- | --- | --- |
| Panel Models | 1 | 153 | +152 |
| Max Power | 170 W | 745 W | +575 W |
| Avg Power | 170 W | 547 W | +377 W |


## Efficiency


| Measure | ASM | Risen | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 16.00% | 24.00% | +8.00 pp |
| Avg Efficiency | 16.00% | 21.82% | +5.82 pp |


## Reliability & Warranty


| Measure | ASM | Risen | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.438%/°C | -0.291%/°C | +0.147 |
| Bifacial Share | 0 (0%) | 125 (82%) | +82 pp |
| Avg Warranty | - | 29.1 yrs |  |


## Efficiency distribution

Risen skews to higher efficiency: 10% of lineup is 23%+


| Efficiency band | ASM | Risen |
| --- | --- | --- |
| \<20% | 1 (100.0%) | 4 (2.6%) |
| 20-21% | 0 | 24 (15.7%) |
| 21-22% | 0 | 52 (34.0%) |
| 22-23% | 0 | 57 (37.3%) |
| 23%+ | 0 | 16 (10.5%) |


## Power distribution

Risen offers more 600W+ panels (39% of lineup)


| Power band | ASM | Risen |
| --- | --- | --- |
| \<400W | 1 (100.0%) | 13 (8.5%) |
| 400-499W | 0 | 46 (30.1%) |
| 500-599W | 0 | 34 (22.2%) |
| 600-699W | 0 | 42 (27.5%) |
| 700W+ | 0 | 18 (11.8%) |


## Cell technology

Dominant cell tech: **TOPCon** (39%)


| Technology | ASM | Risen |
| --- | --- | --- |
| Unknown | 1 (100.0%) | 0 |
| TOPCon | 0 | 60 (39.2%) |
| HJT | 0 | 48 (31.4%) |
| PERC | 0 | 45 (29.4%) |


## Top panels, ASM


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [ASM170M](https://comparepv.com/panel/australian-solar-manufacturing-asm170m) | 170 | 16.0 | -0.438 | Monocrystalline |


## Top panels, Risen


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [RSM132-8-745BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-745bhdg) | 745 | 24.0 | -0.240 | Monocrystalline |
| 2 | [RSM132-8-740BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-740bhdg) | 740 | 23.8 | -0.240 | Monocrystalline |
| 3 | [RSM132-8-735BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-735bhdg) | 735 | 23.7 | -0.240 | Monocrystalline |
| 4 | [RSM132-8-730BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-730bhdg) | 730 | 23.5 | -0.240 | Monocrystalline |
| 5 | [RSM132-8-725BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-725bhdg) | 725 | 23.3 | -0.240 | Monocrystalline |
| 6 | [RSM132-8-720BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-720bhdg) | 720 | 23.2 | -0.240 | Monocrystalline |
| 7 | [RSM132-8-715BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-715bhdg) | 715 | 23.0 | -0.240 | Monocrystalline |
| 8 | [RSM132-8-700-715BHDG-715](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-700-715bhdg-715) | 715 | 23.0 | -0.240 | Monocrystalline |
| 9 | [RSM132-8-700-715BHDG (715W)](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-700-715bhdg-715w) | 715 | 23.0 | -0.240 | Monocrystalline |
| 10 | [RSM132-8-710BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-710bhdg) | 710 | 22.9 | -0.240 | Monocrystalline |


## Summary

ASM, operating as Australian Solar Manufacturing Pty Ltd, is a small-scale panel assembler headquartered in Australia and founded around 2009. Rather than fabricating photovoltaic cells itself, ASM sources components from established suppliers in Germany, Japan, the United States, and China and assembles them domestically. Its product range sits at the lower end of the wattage spectrum - early lines covered roughly 170-200 Wp - and the company targets buyers who place a strong premium on local provenance. ASM does not appear on Bloomberg NEF Tier 1 bankability lists and has no significant documented presence in global installer rankings. Risen Energy, by contrast, is a publicly listed Chinese manufacturer founded in 1986 that pivoted to solar in 2002; it holds confirmed Bloomberg NEF Tier 1 status for both modules and energy storage, operates roughly 40 GW of annual production capacity, and shipped approximately 25 GW of modules in 2024, placing it among the top five global suppliers by volume. On institutional footprint alone, Risen is in a different league.

Risen's current lineup spans PERC, TOPCon, and HJT cell technologies, covering residential rooftop systems, commercial flat-roof installations, and large utility-scale ground mounts. Its Titan and HJT series target buyers seeking premium efficiency, while its mainstream TOPCon lines compete on price-per-watt for budget-conscious commercial projects. ASM's offering, assembled from imported cells, is effectively suited only to Australian buyers with a policy or procurement requirement for locally assembled product; the range is narrow and not meaningfully differentiated on cell technology.

For most buyers outside Australia - and arguably for many inside it - Risen is the more practical default choice in 2025. It offers broader product choice, a globally recognised warranty backstop, and well-documented bankability for project finance. ASM fills a legitimate niche for domestically sourced procurement in Australia, but cannot match Risen on technology breadth, certified capacity, or international market access.

\---LINKS---

\- https://www.enfsolar.com/asm \| ASM Australian Solar Manufacturing profile - ENF Solar \| article

\- https://taiyangnews.info/business/risen-energy-2024-financial-results \| Risen Energy 2024 earnings and shipment results \| article

\- https://solartechonline.com/blog/risen-solar-panels-review-2025/ \| Risen Solar Panels Review 2025 - independent analysis \| review

\- https://www.prnewswire.com/news-releases/tier-1-risen-energy-storage-recognized-on-bloombergnefs-global-tier-1-list-302286888.html \| Risen Energy Storage recognized on BloombergNEF Tier 1 list \| article

\- https://a1solarstore.com/blog/risen-solar-panels-review-2025-risen-shine.html \| Risen solar panels review 2026 - A1 SolarStore \| review

Sources:

\- \[ASM Australian Solar Manufacturing - ENF Solar\](https://www.enfsolar.com/asm)

\- \[Risen Energy 2024 Financial Results - TaiyangNews\](https://taiyangnews.info/business/risen-energy-2024-financial-results)

\- \[Risen Solar Panels Review 2025 - SolarTechOnline\](https://solartechonline.com/blog/risen-solar-panels-review-2025/)

\- \[Risen Energy Bloomberg NEF Tier 1 Recognition - PR Newswire\](https://www.prnewswire.com/news-releases/tier-1-risen-energy-storage-recognized-on-bloombergnefs-global-tier-1-list-302286888.html)

\- \[Risen Solar Panels Review 2026 - A1 SolarStore\](https://a1solarstore.com/blog/risen-solar-panels-review-2025-risen-shine.html)

Written by claude-sonnet from the figures above.


## Other comparisons

- [ASM vs A.B. Energy](https://comparepv.com/asm-vs-a-b-energy)
- [AE Solar vs Risen](https://comparepv.com/ae-solar-vs-risen)
- [ASM vs AEET](https://comparepv.com/asm-vs-aeet)
- [AIKO vs Risen](https://comparepv.com/aiko-vs-risen)
- [ASM vs AKCOME](https://comparepv.com/asm-vs-akcome)
- [ARTsolar vs Risen](https://comparepv.com/artsolar-vs-risen)


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Source: https://comparepv.com/asm-vs-risen

Not in this file, on the page: the distributions above drawn as charts.