Direct Grid Forms Alliance With One Network Energies

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

FORM STRATEGIC ALLIANCE TO PROVIDE TURNKEY SYSTEMS FOR FRANCE'S SOLAR PV MARKET

FOR IMMEDIATE RELEASE
June 17, 2010
Paris, France

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.

Media Contact

Louis Squeo, Director Sales, Marketing
Direct Grid Technologies, LLC
email: info@directgrid.com
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.

Media Contact

Franck Le Borgne, President
One Network Energies
email: franck@onenetwork.fr
phone: +33.2.97.40.27.48

Featured Product

Iron Edison Lithium Iron Battery

Iron Edison Lithium Iron Battery

The Iron Edison Lithium Iron solar battery is fully compatible with popular battery-based inverters and is housed inside a rugged steel enclosure with integrated Battery Management System. Standard capacities range from 2 kWh to 42 kWh, with custom high-capacity and high-voltage models available for commercial applications like peak load shaving and UPS. The battery is designed and assembled at the company's headquarters just outside of Denver, Colorado. The Iron Edison Lithium Iron battery is an ideal replacement for lead-acid battery, with longer cycle life, smaller footprint, and maintenance-free operation. Residential applications include solar battery backup, grid-zero and off-grid energy storage. Commercial applications include high voltage battery backup, off-grid telecommunications power and peak load shaving. If you have any questions, please call us at 720-432-6433. We are happy to help!