Company: Enphase Energy
Company named 14th fastest growing company across all sectors
PETALUMA, Calif.–(BUSINESS WIRE)– Enphase Energy, Inc. (NASDAQ:ENPH), today announced it won the fastest growing clean technology company award out of all listed clean technology companies in Deloitte’s Technology Fast 500™ for percentage fiscal year revenue growth from 2008 to 2012. The ranking awards the 500 fastest growing companies across a span of industry sectors in North America, including technology, media, telecommunications, life sciences and clean technology. Enphase grew 12,890 percent during this period and was ranked 14 overall out of the 500 companies listed.
“Enphase has worked diligently to pioneer and deliver innovative microinverter technology for the solar industry, while building a sustainable global business over the past five years,” said Paul Nahi, CEO of Enphase Energy. “We are proud to be recognized by Deloitte, and it is an accomplishment verified by the more than four million Enphase microinverters we have shipped worldwide.”
Overall, 2013 Technology Fast 500™ companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent.
From 2008 to 2012, Enphase Energy released three generations of microinverter systems to become the dominant residential inverter technology in the Americas. According to Enphase’s monitoring software platform, Enlighten, the over 100,000 reporting systems have generated more than 1TWh of clean energy to date. Enphase expanded outside North America to ship into eleven countries also during this time frame.
About Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies — both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Enphase Energy, Inc.
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. Connect with Enphase on Facebook and follow us on Twitter. www.enphase.com
Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.
Christine Bennett, +1-707-763-4784
Global Corporate Communication Manager
Source: Enphase Energy, Inc.
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