Enphase Gets Funding for Solar Micro-Inverters

Enphase Energy, Inc., developer and manufacturer of micro-inverter based solar energy management systems, has announced that it has raised $6.5 million in Series B 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 has completed a 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. According to Enphase, these systems 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 CEO, Enphase Energy. “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.”
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