Company: Enphase Energy
Source: North Bay Business Journal
Enphase Energy, located in Petaluma, is on a trajectory of rapid growth. Last year the company captured significant market share in the U.S., and it broke into the Australian market as well.
Enphase developed and sells microinverters that help optimize solar installations. The microinverter converts electricity from the direct current (DC) power generated by the panels to alternating current (AC) power that can be utilized in the household.
The company says that their microinverter increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. Their system converts energy at the individual solar module level compared to traditional centralized inverters. This distinctive technology produces a more efficient and reliable solar energy system.
“Our microinverter technology offers production performance at the individual module level, making each panel in essence its own system, and enabling a more efficient adaptation to environmental conditions,” said Raghu Belur, co-founder and vice president of products and strategic initiatives for Enphase. “We have eliminated the issue of a single point of failure seen in most traditional inverters, so if one panel or microinverter begins to decrease in efficiency, the rest of the system will continue to perform optimally.”
Enphase is clearly doing something right. In 2012, Enphase was the number one residential PV inverter supplier in the Americas with 53.5 percent market share, according to IHS Research in its PV Inverter World Market Report – 2013. In the same report, Enphase was the leading vendor of single-phase PV inverters in the Americas with 42.2 percent share of revenue.