Enphase Energy, Inc. (NASDAQ:ENPH), announced today that Paul Nahi,
president and CEO, told a House subcommittee that “solar and other
energy technologies will play a fundamental role in the new energy
economy.” Nahi made his comments during a hearing convened by the House
Committee on Energy and Commerce’s Subcommittee on Energy and Power.
Titled "21st
Century Electricity Challenge: Ensuring a Secure, Reliable and Modern
Electricity System," the hearing examined how new advanced grid
technologies can help support the modernization of the American
electricity system while increasing reliability and security.
Nahi testified that the increased deployment and integration of smart
solar, storage and energy management technologies can help modernize and
stabilize the utility grid with a high degree of reliability. “It is my
opinion that solar and other energy technologies will play a fundamental
role in the new energy economy, as a result of our ability to innovate
and scale, resulting in highly cost competitive, reliable and secure
energy generation,” he said.
The committee’s series of hearings will also review the positions of the
North American Electric Reliability Corporation (NERC) and the Advanced
Energy Economy Association and their competing positions on the EPA’s
Clean Power proposal. NERC’s position was issued in a report
entitled Potential
Reliability Impacts of EPA’s Proposed Clean Power Plan. AEE issued a
rebuttal report entitled Compliance
with EPA’s Clean Power Plan Unlikely to Materially Affect Electric Grid
Reliability. Noting that Enphase has been “built on a foundation of
collaboration,” Nahi told the committee that the company believes “a
healthy industry lifts all market participants.”
Acknowledging that the company’s “number-one job is to help provide
clean affordable and renewable energy while increasing grid stability,”
Nahi also emphasized to the committee “the urgent need to increase the
security of our energy supply. Energy security is fundamental to the
health of our country. It must be recognized that new, clean energy
resources can play a significant role in ‘enhancing’ our energy
security.”
For a copy of the full transcript of Paul Nahi’s statement to the House
Subcommittee on Energy and Power, contact pr@enphasenergy.com.
About Enphase Energy, Inc.
Enphase Energy delivers energy management 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.
Forward-Looking Statements
This press release may contain forward-looking statements, including
statements related to Enphase Energy’s financial performance, market
demands for its products, advantages of its technology and market
trends. These forward-looking statements are based on the company’s
current expectations and inherently involve significant risks and
uncertainties. Actual results and the timing of events could differ
materially from those anticipated in such forward-looking statements as
a result of these risks and uncertainties and other risks detailed in
the “Risk Factors” and elsewhere in Enphase Energy’s latest Securities
and Exchange Commission filings and reports. Energy undertakes no duty
or obligation to update any forward-looking statements contained in this
release as a result of new information, future events or changes in its
expectations.
Copyright Business Wire 2015