Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company, and Sunnova Energy Corp., a market leader in residential solar services, today announced an expansion of the companies’ partnership through an agreement making Enphase the preferred provider of inverters for Sunnova.
“Sunnova puts customers first and when searching for an inverter solution, we needed something that would deliver the best energy production with the most efficiency,” said John Berger, Chief Executive Officer at Sunnova. “With Enphase’s microinverters, we see higher solar electricity production compared to other systems. Their low-voltage AC products significantly reduce system design and installation time, and combined with the ability for advanced monitoring and remote system troubleshooting, are expected to further reduce Sunnova’s need for homeowner maintenance visits. We are confident that Enphase products will help us and our partners deliver affordable, reliable and clean solar power to our customers as efficiently as possible.”
“The expansion of our partnership with Sunnova is a great win for both our companies,” said Paul Nahi, president and CEO of Enphase. “This is strong validation of the increased production and lower maintenance costs that Enphase delivers, and a win for the network of Sunnova installers who have special pricing access to Enphase products.”
Sunnova is the largest privately-held residential solar services company in the U.S. with tens of thousands of customers across the U.S., including Puerto Rico, Guam and Saipan. The company has raised nearly $1.5 billion in financing since 2013.
Enphase is the world’s leading provider of microinverters, with over 13 million installed in more than 540,000 systems around the world. According to Greentech Media, Enphase makes up over 80 percent of the global microinverter market, a market they predict will double in size (by MWac) from 2016 to 2018.
