Benzinga | Aug 26, 2021 08:02AM EDT

Enphase Energy Reports Renewal Of Partnership With GRID Alternatives To Increase Access To Solar, No Terms Disclosed

Enphase Energy, Inc. (NASDAQ:ENPH), a global energy management technology company and the world's leading supplier of microinverter-based solar-plus-storage systems, announced today that it has renewed its partnership with GRID Alternatives, a national nonprofit providing access to clean, affordable, renewable energy, transportation, and jobs to economic and environmental justice communities.

Enphase will continue donating its industry-leading microinverter technology as part of the partnership to help GRID achieve its mission of accelerating a rapid, equitable transition to a world powered by renewable energy. Enphase technology is already powering more than 8,000 homes in low-income communities and communities of color through GRID Alternatives' ongoing programs. These homes will see an estimated lifetime savings of more than $220 million and help prevent nearly 450,000 tons of greenhouse gas emissions.

"We're pleased to continue our partnership with GRID Alternatives in support of our mission to advance a sustainable future for all," said Badri Kothandaraman, President and CEO of Enphase Energy. "As we transition to a new energy future, it's our shared responsibility to ensure everyone can participate and no community is left behind."

Enphase has worked with GRID Alternatives as a philanthropic partner since 2010 and as a major national equipment partner since 2012. Enphase employees have volunteered more than 3,000 hours over the past decade, which led to the installation of solar on dozens of low-income homes and community buildings.

"We are thrilled to be continuing our partnership with Enphase," said Erica Mackie, CEO of GRID Alternatives. "With Enphase's support and equipment, we've been able to build community-powered solutions to advance economic and environmental justice through renewable energy, benefiting families nationwide."

Nationally, GRID Alternatives has installed more than 30 megawatts of solar power for low-income communities using Enphase microinverters. This work has provided job trainees and volunteers with more than 500,000 hours of solar education and training.

For more information about the impact Enphase has had in collaboration with GRID Alternatives, please visit the GRID Alternatives website.