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.
Copyright Business Wire 2013