Enphase Energy Raises $6.5 Million In Funding

February 07, 2008 by Jeff Shepard

Enphase Energy, Inc., which is developing and manufacturing micro-inverter based solar energy management systems, announced that it has raised $6.5 million in funding. The financing was led by Third Point Ventures.

The Enphase solar energy system includes high-efficiency micro-inverters, communications and web-based analytics. Enphase claims that it achieved an industry first by completing CSA listing per UL1741 of the Micro-Inverter. The Enphase Micro-Inverter system is currently in beta testing and will be generally available in Q2, 2008.

The Enphase system is described as representing a paradigm shift in the solar market from central/string inverter-based systems to distributed Micro-Inverter-based systems. Enphase systems are said to maximize energy harvest, increase system reliability, and simplify design, installation and management.

"Enphase Energy marks the beginning of an industry-wide technology shift to Micro-Inverter systems and represents the next-generation of solar energy management" said Paul Nahi, President and Chief Executive Officer, Enphase. "With the Enphase Micro-Inverter system, both commercial and residential customers will be able to increase their return on investment on their solar energy system."