California-based Nuance Energy, manufacturer of the Osprey PowerPlatform racking system and a developer of distributed ground-mount solar projects, has received a $3 million investment from Tabuchi Electric Co., a Japan-based manufacturer of inverters and solar+storage systems.
The two companies already have a close working relationship. Nuance Energy, an early North American customer for Tabuchi, has installed Tabuchi’s commercial string inverters on several projects. The companies plan to continue working together to find synergies benefiting customers that use Nuance’s Osprey PowerPlatform and Tabuchi’s commercial products.
Tabuchi Electric, already present in the residential solar+storage market, made the investment in Nuance Energy to expand its learning and reach into the growing market segment of ground-mount distributed generation solar+storage.
“As a leading provider of grid-friendly solar-plus-storage systems optimized for energy management and cost performance, we were early to recognize that Nuance Energy’s unique value proposition would give us a significant advantage in commercial applications,” says Harumi McClure, COO and president of Tabuchi Electric Company of America. “Together, our companies will expand the available market for solar and open up more project opportunities for our mutual distributor and EPC contractor customers.”
Nuance Energy says its Osprey PowerPlatform is a modular ground-mount solar racking system that applies patent-pending technology and enables field crews to install the solar arrays using only handheld tools.
“The investment from Tabuchi Electric is indeed a strategic and mutually beneficial one that will help both companies grow their respective market shares,” says Brian C. Boguess, Nuance Energy co-founder and CEO. “Our growth is currently limited only by our resources, and this investment will enable us to staff our business functions fully and to expand more quickly into new markets throughout North America.”