Direct Grid Technologies, LLC and One Network Energies SAS announce a strategic alliance for the sale, financing and installation of turnkey photovoltaic (PV) systems in France for utility, commercial and residential markets.
DIRECT GRID TECHNOLOGIES, LLC AND ONE NETWORK ENERGIES SAS
FOR IMMEDIATE RELEASE
June 17, 2010
Direct Grid Technologies, LLC and One Network Energies SAS announce a strategic alliance for the sale, financing and installation of turnkey photovoltaic (PV) systems in France for utility, commercial and residential markets. The 2010 revenue from this agreement is expected to exceed $12.7 million USD.
According to Frank Cooper, President of Direct Grid, "For our French customers, this alliance allows for the purchase, financing and installation of a complete state-of-the-art solar system under one umbrella. Direct Grid's products offer best-in-class performance and truly advance the boundaries for micro-inverters. Combined with One Network Energies' PV tracking and security monitoring capabilities, customers get a PV system solution with unparalleled robustness and improved power harvesting."
Under the agreement, One Network Energies will purchase the high efficiency 460 watt Direct Grid SMART Series micro-inverter - the most power-capable product in its class. This solution will be complemented by One Network's dual axis utility grade tracking system and security monitoring products to offer utility customers a compelling alternative to central inverter solar system designs. For the first time, utility customers can combine the latest high power PV modules with ideal solar positioning, all with state-of-the-art micro-inverters and their associated benefits - high efficiency, independent module MPP tracking, independent module monitoring as well as theft deterrence measures through on-board Echelon communication and remote access monitoring.
Through One Network Energies' existing solar partnerships in France, even residential and commercial customers can take advantage of turnkey solutions offered using the Direct Grid micro-inverter solutions.
"Direct Grid micro-inverters enable One Network to provide a unique alternative to the solar market. We feel these technologies provide superior performance and extend the scalability of the solution to a wider variety of applications," states Franck Le Borgne, President of One Network Energies.
The products offered by each company will be demonstrated at the Renewable Energy Exhibition 2010 in Paris, France, June 16-18, 2010 at the One Network booth H108.
About Direct Grid Technologies, LLC
Direct Grid Technologies, LLC, designs and manufactures innovative utility grade micro-inverter solutions for the OEM photovoltaic solar market. The company also offers power harvesting data collection products that enable monitoring. More information is available at www.directgrid.com.
Louis Squeo, Director Sales, Marketing
Direct Grid Technologies, LLC
phone: +1 631-242-1900
About One Energy Network Energies
One Energy Network Energies is a French manufacturer and supplier of innovative solar photovoltaic solutions for residential, commercial and utility solar applications. Services include system design through installation, plus financing. More information is available at www.onenetwork.fr.
Franck Le Borgne, President
One Network Energies