Enphase Energy Raises Financing For Solar Micro-Inverter Manufacturing

Enphase Energy Inc. has raised $15 million in new funding to expand manufacturing of its micro-inverter technology. New investor RockPort Capital Partners led the round, and existing institutional investors Third Point Ventures and Applied Ventures LLC (the venture capital arm of Applied Materials Inc.) also participated.

Enphase Energy's micro-inverters are installed in commercial and residential solar power systems throughout the continental U.S. and Hawaii. These products are compatible with most major brands of solar modules and are available from leading solar distributors and installers.

SOURCE: Enphase Energy


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