Enphase will begin providing smart solar microinverter systems to
Sunrun's direct installation services business
SAN FRANCISCO & PETALUMA, Calif.--(BUSINESS WIRE)--
Enphase Energy, Inc. (NASDAQ:ENPH), the leading energy management
technology company for the solar industry, and Sunrun,
the largest dedicated residential solar company in the U.S., have
entered into a strategic supply agreement to provide Enphase® solar
energy systems to Sunrun for its home solar installation business.
While AEE Solar and Sunrun's network of Certified Partners have long
sold and installed Enphase systems, this agreement marks the first time
that Enphase will provide its module level power electronics (MLPE)
systems to Sunrun's direct installation services business. Enphase will
continue to work with Sunrun across its multi-channel platform,
strengthening its relationship with Sunrun's wholesale distribution
business, AEE
Solar, and collaborating on operational efficiency-focused product
development with SnapNrack,
Sunrun's solar photovoltaic (PV) racking and mounting systems group.
"The market-proven, highly reliable Enphase technology will help Sunrun
continue to execute its strategy around installation efficiency and
system performance," said Paul Winnowski, chief operating officer of
Sunrun. "Adding Enphase's high-quality solar energy systems to our
current product suite enables Sunrun to deliver best-in-class service
and long-term savings to our customers. It is a great partnership
between two market innovators."
"As the pioneer in providing solar as a service to homeowners, Sunrun
recognizes that Enphase offers a smart, differentiated and financially
compelling approach to clean energy generation that delivers cash flow
savings and excellent system performance over the life of the project,"
said Paul Nahi, president and CEO of Enphase Energy. "We look forward to
working together with Sunrun not only as a preferred supplier, but as a
partner in delivering intelligent energy solutions."
About Enphase Energy
Enphase Energy delivers energy management technology for the solar
industry that increases energy production, simplifies design and
installation, improves system uptime and reliability, reduces fire
safety risk and provides a platform for intelligent energy management.
Its semiconductor-based microinverter system converts energy at the
individual solar module level and brings a system-based high-technology
approach to solar energy generation, storage, control and management.
For more information, visit www.enphase.com.
Enphase Energy®, the Enphase logo and other trademarks or service names
are the trademarks of Enphase Energy, Inc.
About Sunrun
Sunrun pioneered solar as a service, a way for homeowners to go solar
without a significant upfront investment, and is the largest dedicated
residential solar company in the U.S. Sunrun provides end-to-end service
for homeowners to choose clean, solar energy and receive predictable
pricing for that solar energy for 20 years. The company designs,
installs, finances, insures, monitors and maintains the solar panels on
a homeowner's roof, while families pay just for the electricity at a
lower rate than they pay their current utility. Since Sunrun introduced
solar as a service in 2007, it has become the preferred way for
consumers to go solar in the nation's top solar markets. For more
information, please visit www.sunrun.com.
Forward-Looking Statements
This press release may contain forward-looking statements, including
statements related to Enphase Energy's financial performance, market
demands for its products, advantages of its technology, and market
trends. These forward-looking statements are based on the company's
current expectations and inherently involve significant risks and
uncertainties. Actual results and the timing of events could differ
materially from those anticipated in such forward-looking statements as
a result of these risks and uncertainties and other risks detailed in
the "Risk Factors" and elsewhere in Enphase Energy's latest Securities
and Exchange Commission filings and reports. Enphase Energy undertakes
no duty or obligation to update any forward-looking statements contained
in this release as a result of new information, future events or changes
in its expectations.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150728005563/en/
Enphase Energy
Michelle Taylor, 707-763-4784
pr@enphaseenergy.com
or
Impress
Labs (for Enphase)
Jason Isberg, 415-829-9784
jason@impresslabs.com
or
Ketchum
(for Sunrun)
Becky Loya, 415-984-6278
Becky.Loya@Ketchum.com
Source: Enphase Energy, Inc.
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