Enphase Energy Awarded Fastest Growing Clean Technology Company in North
America on Deloitte’s 2013 Technology Fast 500™
Company named 14^th fastest growing company across all sectors
PETALUMA, Calif. -- November 14, 2013
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
“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
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
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