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

# ASM vs Runergy

Runergy has the broader catalog (124 vs 1 models). Runergy leads on peak efficiency at 24.10%. Runergy leans bifacial (77% of lineup).


## The two companies


| Attribute | ASM | Runergy |
| --- | --- | --- |
| Country | Australia | China |
| Headquarters | Hallam, Victoria | Yancheng, Jiangsu Province |
| Founded | 2009 | 2013 |
| Employees | 1-10 | 15,000 |
| Annual capacity |  | 23GW (module capacity), 63GW (cell capacity) GW/year |
| Tier 1 | no | yes |
| Listed |  |  |
| Website | [https://www.australiansolarmanufacturing.com.au](https://www.australiansolarmanufacturing.com.au) | [http://www.runergy.com](http://www.runergy.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...

Runergy is a global leader in solar technology, specializing in the R&D and production of high-efficiency solar cells and modules. The company is committed to innovation, quality, and providing a transparent and efficient supply chain to meet the growing global demand for clean energy. They have established production...


## Catalog & Power


| Measure | ASM | Runergy | Margin |
| --- | --- | --- | --- |
| Panel Models | 1 | 124 | +123 |
| Max Power | 170 W | 740 W | +570 W |
| Avg Power | 170 W | 579 W | +409 W |


## Efficiency


| Measure | ASM | Runergy | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 16.00% | 24.10% | +8.10 pp |
| Avg Efficiency | 16.00% | 22.42% | +6.42 pp |


## Reliability & Warranty


| Measure | ASM | Runergy | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.438%/°C | -0.298%/°C | +0.140 |
| Bifacial Share | 0 (0%) | 95 (77%) | +77 pp |
| Avg Warranty | - | 29.1 yrs |  |


## Efficiency distribution

Runergy skews to higher efficiency: 33% of lineup is 23%+


| Efficiency band | ASM | Runergy |
| --- | --- | --- |
| \<20% | 1 (100.0%) | 0 |
| 20-21% | 0 | 9 (7.3%) |
| 21-22% | 0 | 26 (21.0%) |
| 22-23% | 0 | 48 (38.7%) |
| 23%+ | 0 | 41 (33.1%) |


## Power distribution

Runergy offers more 600W+ panels (48% of lineup)


| Power band | ASM | Runergy |
| --- | --- | --- |
| \<400W | 1 (100.0%) | 0 |
| 400-499W | 0 | 36 (29.0%) |
| 500-599W | 0 | 28 (22.6%) |
| 600-699W | 0 | 35 (28.2%) |
| 700W+ | 0 | 25 (20.2%) |


## Cell technology

Dominant cell tech: **N-type** (60%)


| Technology | ASM | Runergy |
| --- | --- | --- |
| Unknown | 1 (100.0%) | 0 |
| N-type | 0 | 74 (59.7%) |
| PERC | 0 | 32 (25.8%) |
| HJT | 0 | 18 (14.5%) |


## 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, Runergy


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [HY-DH132H10-740](https://comparepv.com/panel/runergy-hy-dh132h10-740) | 740 | 23.8 | -0.260 | Monocrystalline |
| 2 | [HY-DH132H10-Plus-740](https://comparepv.com/panel/runergy-hy-dh132h10-plus-740) | 740 | 23.8 | -0.260 | Monocrystalline |
| 3 | [HY-DH132H10-735](https://comparepv.com/panel/runergy-hy-dh132h10-735) | 735 | 23.7 | -0.260 | Monocrystalline |
| 4 | [HY-DH132H10-Plus-735](https://comparepv.com/panel/runergy-hy-dh132h10-plus-735) | 735 | 23.7 | -0.260 | Monocrystalline |
| 5 | [HY-DH132H10-730](https://comparepv.com/panel/runergy-hy-dh132h10-730) | 730 | 23.5 | -0.260 | Monocrystalline |
| 6 | [HY-DH132N10-730](https://comparepv.com/panel/runergy-hy-dh132n10-730) | 730 | 23.5 | -0.290 | Monocrystalline |
| 7 | [HY-DH132H10-Plus-730](https://comparepv.com/panel/runergy-hy-dh132h10-plus-730) | 730 | 23.5 | -0.260 | Monocrystalline |
| 8 | [HY-DH132H10-725](https://comparepv.com/panel/runergy-hy-dh132h10-725) | 725 | 23.3 | -0.260 | Monocrystalline |
| 9 | [HY-DH132N10-725](https://comparepv.com/panel/runergy-hy-dh132n10-725) | 725 | 23.3 | -0.290 | Monocrystalline |
| 10 | [HY-DH132H10-Plus-725](https://comparepv.com/panel/runergy-hy-dh132h10-plus-725) | 725 | 23.3 | -0.260 | Monocrystalline |


## Summary

ASM (Australian Solar Manufacturing) and Runergy represent two very different tiers of the global solar industry. ASM, founded in 2009 and headquartered in Victoria, Australia, is a micro-scale operation with 1 to 10 employees that assembles panels domestically from imported components rather than manufacturing cells itself. It carries no Tier 1 bankability rating and reports no current panel portfolio in public databases. Runergy, by contrast, is a Jiangsu, China-based manufacturer founded in 2013 that has scaled rapidly to 15,000 employees, 23 GW of module capacity, and 63 GW of cell production capacity. It has held BloombergNEF Tier 1 PV Module Maker status for at least six consecutive quarters through Q1 2025, and earned a BB rating in the PV ModuleTech Bankability Report - making it the clear leader on institutional credibility between the two.

From a product standpoint, ASM has no current panel data available, with its last publicly documented output range sitting in the 170 to 200 Wp band typical of early-2010s technology - effectively irrelevant to any buyer shopping in 2025. Runergy's portfolio of 98 modules tells a sharply different story: average output of 574 Wp, a top module at 740 Wp, average efficiency of 22.2% and a peak of 23.8%, a temperature coefficient of -0.30%/degrees C, and about 79% of the lineup in bifacial format. N-type cell technology accounts for 58% of the portfolio, supported by a lab-verified cell efficiency record of 26.55%. Average warranty stands at roughly 29 years. This lineup suits utility-scale ground-mount projects, commercial rooftops, and tracker-based systems equally well.

For any serious buyer in 2025 - whether a project developer, C&I installer, or utility - Runergy is the only viable option of the two. ASM lacks a competitive product range, manufacturing scale, and third-party bankability recognition. Runergy is not at the top of the global tier-one hierarchy, but its BNEF status, PVEL top-performer recognition, and high-output N-type bifacial lineup make it a credible, financeable choice for mid-to-large scale deployments.

\---LINKS---

\- https://www.pv-magazine.com/2023/09/22/runergy-releases-new-n-type-solar-module-series/ \| Runergy releases new N-type solar module series - PV Magazine \| article

\- https://solarbytes.info/business-bytes/runergy-bnef-tier1-q1-2025-solar-module-expansion-8764407 \| Runergy secures BNEF Tier 1 PV Maker status for sixth quarter \| article

\- https://scorecard.pvel.com/manufacturer\_name/runergy/ \| Runergy - Kiwa PVEL 2024 PV Module Reliability Scorecard \| review

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

Sources:

\- \[Runergy releases new N-type solar module series - PV Magazine\](https://www.pv-magazine.com/2023/09/22/runergy-releases-new-n-type-solar-module-series/)

\- \[Runergy secures BNEF Tier 1 PV Maker status for sixth quarter - SolarBytes\](https://solarbytes.info/business-bytes/runergy-bnef-tier1-q1-2025-solar-module-expansion-8764407)

\- \[Runergy - Kiwa PVEL 2024 PV Module Reliability Scorecard\](https://scorecard.pvel.com/manufacturer\_name/runergy/)

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

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 Runergy](https://comparepv.com/ae-solar-vs-runergy)
- [ASM vs AEET](https://comparepv.com/asm-vs-aeet)
- [AIKO vs Runergy](https://comparepv.com/aiko-vs-runergy)
- [ASM vs AKCOME](https://comparepv.com/asm-vs-akcome)
- [ARTsolar vs Runergy](https://comparepv.com/artsolar-vs-runergy)


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

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