Enphase Energy and GRID Alternatives Renew Collaboration for 2018
April 12 2018 - 9:00AM
Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology
company and the world’s leading supplier of solar microinverters,
today announced that it has renewed its commitment to support
low-income solar in partnership with GRID Alternatives, the
nation's largest nonprofit solar installer. Through donations of
its microinverters, Enphase will help GRID Alternatives provide
rooftop solar installations and hands-on job training in low-income
communities across the United States.
This renewed collaboration is estimated to support 4.3 megawatts
(MW) of new capacity serving 1,150 families, offset $40 million in
energy costs over the systems' lifetimes, and prevent 82,000 tons
of greenhouse gas emissions. The Alegria Apartments in Los Angeles
is the most recent affordable housing development to benefit from
the partnership. The building’s new 35kW solar electric system will
free up an estimated $9,000 annually for owner Esperanza Community
Housing, helping the nonprofit improve services for its fifteen
low-income housing units.
"As GRID’s reach and impact have grown over the years, so has
Enphase’s support, helping more and more communities benefit from
solar energy,” said Tim Sears, CFO and co-founder of GRID
Alternatives. "Our industry partnerships are critical to ensuring
that everyone can be part of the clean energy economy."
Enphase Energy has helped GRID Alternatives bring solar power to
low-income families and hands-on job training for aspiring solar
installers around the country since 2010.
“Our continued partnership with GRID Alternatives aligns with
our mission to deliver technology solutions that make clean energy
affordable, reliable and accessible to all," said JD Dillon, vice
president of marketing of Enphase Energy. "It represents a point of
pride that Enphase is able to both drive shareholder value and help
the GRID Alternatives team support underserved communities with the
latest clean energy innovations."
As part of the formal kick-off of the 2018 partnership between
Enphase and GRID Alternatives, on March 29, 2018, a group of
Enphase employees joined a team from GRID Alternatives to help
install a 2.3 kW solar system on the roof of a home in Sebastopol,
Calif. The new system is expected to save the homeowners over
$21,000 in electricity costs over the lifetime of the system.
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 over 16 million microinverters, and
approximately 739,000 Enphase systems have been deployed in more
than 100 countries. For more information, visit
https://www.enphase.com and follow the company on Facebook,
LinkedIn and Twitter.
Enphase Energy®, the Enphase logo and other trademarks or
service names are the trademarks of Enphase Energy, Inc.
About GRID Alternatives
GRID Alternatives is a national leader in making clean,
affordable solar power and solar jobs accessible to low-income
communities and communities of color. Using a unique, people-first
model, GRID develops and implements solar projects that serve
qualifying households and affordable housing providers, while
providing hands-on job training. GRID has installed solar for more
than 10,000 families to-date and helped households and housing
providers save $313 million in lifetime electricity costs, while
training over 36,000 people. GRID Alternatives has nine regional
offices and affiliates serving California, Colorado, the
mid-Atlantic region, and Tribal communities nationwide, and serves
communities in Nicaragua, Nepal and Mexico. For more information,
visit www.gridalternatives.org.
Forward-Looking Statements
This press release may contain forward-looking statements,
including statements related to Enphase Energy's financial
performance, market demand for its products, expected performance
and advantages of its technology, the expected impacts of Enphase
Energy’s donations of time and materials on GRID Alternatives and
its customers, 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.
Contact: Christian Zdebel,
pr@enphaseenergy.com, 484-788-2384
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