Clean Power Finance partners with Enphase for its Solar Financing Product
Petaluma, Calif. – October 18, 2011 – Enphase Energy today unveiled a new solution for Power Purchase Agreement providers (PPAs) and third–‐party solar financing companies as well as solar installers requiring a revenue grade metering solution for solar credits and rebates. The Enphase solution delivers a single platform to manage all inverter and meter data, offering PPAs increased visibility across their entire portfolio of solar energy systems. Clean Power Finance, a leading provider of financing solutions for the solar industry and Google’s partner for its recently announced residential solar fund, is among the first to utilize Enphase’s new solution integrating Silver Spring Networks’ smart grid networking technology.
“Enphase recognizes that advancements in third–‐party financed solar are creating new opportunities to increase the adoption of solar energy,” said Bill Rossi, CMO of Enphase Energy. “Enphase’s expertise in networking and intelligent energy management allows us to offer solar financiers an advanced technology backbone for streamlining their operations. Partnering with Silver Spring connects us with a standards‐based smart grid platform broadly adopted in the field today.”
Silver Spring Networks’ utility–‐grade smart grid networking technology is integrated into Enphase’s Envoy communications gateway via a wireless link, providing meter data and energy management visibility through Enphase’s Enlighten software. The Silver Spring enabled meter meets technical compliance requirements to measure production with revenue–‐grade accuracy. Together with Enphase M215 microinverters, the solution offers a complete and comprehensive platform for PPAs and third‐party solar financing companies.
“Clean Power Finance needed a low cost, widely available, highly accurate solution for monitoring and management of our financed systems. We looked to Enphase and Silver Spring Networks, both reliable and trusted industry leaders, to deliver this solution for us, and are extremely pleased to bring it to our investor customers, including Google,” said Nat Kreamer, CEO of Clean Power Finance.
“Our partnership with Enphase underscores our commitment to developing an extensive ecosystem that delivers innovative, best of breed solutions for the smart grid,” said Eric Dresselhuys, EVP and CMO at Silver Spring Networks.“Enphase is the perfect example of a best-in‐class partner that will enable cutting‐edge smart grid applications that integrate solar energy and provide control and monitoring to new devices on the grid.”
To learn more about the Enphase Revenue Grade Metering and Management Solution, visit the Enphase Energy booth, #1331, at Solar Power International 2011.
About Enphase Energy
Enphase Energy delivers microinverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. Our semiconductor–‐based microinverter system converts energy at the individual solar module level and brings a systems–‐based, high technology approach to solar energy generation. www.enphase.com
About Silver Spring Networks
Silver Spring Networks provides a leading networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid, helping utilities to achieve operational efficiencies, reduce carbon emissions and empower their customers with new ways to monitor and manage their energy consumption. Silver Spring provides the hardware software and services that allow utilities to deploy and run multiple smart grid solutions, including Advanced Metering, Distribution Automation and Demand Side Management, over a single, unified network. Silver Spring’s Smart Energy Platform is based on open, Internet Protocol (IPv6) standards, allowing continuous, two–‐way communication between the utility and devices on the grid. Silver Spring has numerous deployments with leading utilities around the world, including Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Inc., and United Energy Distribution, among others. For additional information, please visit www.silverspringnet.com.