Enphase Energy Announces Strategic Supply Agreement with Sunrun
November 18 2019 - 8:00AM
Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology
company and the world’s leading supplier of solar microinverters,
today announced that the Company has signed a strategic supply
agreement with Sunrun Inc., the nation’s leading home solar,
battery storage and energy services company. As part of the
agreement, Enphase will provide its seventh-generation Enphase IQ™
microinverters to Sunrun for use in its residential solar business.
“I want to thank the Sunrun team for placing its trust in
Enphase and our dedication to delivering innovative, high-quality,
and reliable energy management products,” said Badri Kothandaraman,
president and CEO of Enphase Energy. "Sunrun has built one of the
most successful solar brands in the US, and we are proud to offer
this industry leader the very latest in energy technology. Enphase
is committed to standing behind our products with outstanding
customer support and the flexibility that makes it as easy as
possible to do business with us.”
Sunrun’s customers will benefit from Enphase’s IQ 7™ and IQ 7+™
microinverters, which leverage Enphase’s unique software-defined
architecture and semiconductor integration for excellent
reliability and economies of scale. Enphase microinverters are
subjected to a rigorous reliability and quality testing regimen
with more than one million hours of power-on testing to ensure
exceptional performance under heat, high humidity, salty air,
extreme cold, and harsh climate conditions. The Company’s
microinverters are designed to be long-lived energy assets and are
backed by a 25-year warranty.
“Enphase microinverters are reliable, simple to install, and
feature sophisticated remote monitoring capabilities,” said Lynn
Jurich, co-founder and CEO of Sunrun. "We look forward to
continuing our partnership with Enphase and building on our aligned
vision of creating a smarter energy system with top-quality home
solar technology powering the way.”
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers
smart, easy-to-use solutions that connect solar generation, storage
and management on one intelligent platform. The Company
revolutionized solar with its microinverter technology and produces
the world’s only truly integrated solar plus storage solution.
Enphase has shipped more than 23 million microinverters, and over
997,000 Enphase systems have been deployed in 130 countries. For
more information, visit www.enphase.com and follow the company on
Facebook, LinkedIn and Twitter.
Enphase, Enphase IQ, Enphase IQ 7, Enphase IQ 7+, the Enphase
logo, and other trademarks or service names are the trademarks of
Enphase Energy, Inc. Other names are for informational purposes and
may be trademarks of their respective owners.
About
Sunrun
Sunrun Inc. (Nasdaq:RUN) is the nation’s leading residential
solar, storage and energy services company. With a mission to
create a planet run by the sun, Sunrun has led the industry since
2007 with its solar-as-a-service model, which provides clean energy
to households with little to no upfront cost and at a saving
compared to traditional electricity. The company designs, installs,
finances, insures, monitors and maintains the systems, while
families receive predictable pricing for 20 years or more. The
company also offers a home solar battery service, Sunrun Brightbox,
that manages household solar energy, storage and utility power. For
more information, please visit: www.sunrun.com.
Forward-Looking Statements
This press release may contain forward-looking statements, such
as statements related to the expected capabilities and performance
of Enphase Energy’s technology and products, including quality,
reliability, life expectancy, and the simplicity of installation;
and the Company’s outstanding customer support and flexibility.
These forward-looking statements are based on Enphase'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 certain risks and uncertainties including
those risks described in more detail in Enphase’s most recent
Annual Report on Form 10-K and other documents on file with the SEC
and available on the SEC's website at www.sec.gov. 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, except
as required by law.
Images Available:
http://go.enphase.com/enphase-media-room
Contact: Christian Zdebel, pr@enphase.com,
484-788-2384
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