Partnership with non-profit GRID Alternatives generates $35 million in long-term savings for working families
PETALUMA, Calif.--Enphase Energy, Inc. (NASDAQ: ENPH), today announced a major expansion of its philanthropic partnership with GRID Alternatives, a nonprofit that makes solar power and solar job training available to underserved communities. Over the last four years, GRID Alternatives and Enphase have powered over 1,000 low-income homes across the U.S., generating over $25 million in long-term savings to help these families pay for basic expenses. This expanded partnership will serve an additional 350-400 families over the next 12 months, providing $10 million more in savings, while providing thousands of individuals with hands-on job training in the growing solar industry.
"GRID Alternatives' mission of bringing clean and affordable energy to communities across the country aligns with Enphase's efforts to promote solar energy, and together we are helping to provide much needed financial savings to our neighbors in need," said Jeff Loebbaka, senior vice president of global sales, marketing and support for Enphase. "Our continued partnership with GRID allows families of all demographics to participate in a clean energy future."
Enphase employees have donated more than 2,200 volunteer hours for families throughout the San Francisco Bay Area, including residents of an affordable housing community in Sebastopol, Calif., and a family in Richmond, Calif. The community and environmental impact of these volunteer hours to-date amounts to a combined $395,000 in savings for 18 families and the prevention of over 1,200 tons of greenhouse gases, the clean air equivalent of planting 29,000 trees.
Donations of the Enphase® System have also provided clean, alternative energy to families all across California, Colorado and most recently New York and New Jersey.
"Enphase's long-standing partnership has been instrumental in helping us expand into new regions and serve more families and more job trainees across the country," said Erica Mackie, CEO and co-founder of GRID Alternatives. "We're excited to see this partnership continue to grow."
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
About GRID Alternatives
GRID Alternatives is a non-profit organization that brings the benefits of solar technology to low-income communities. Using a barn-raising model, GRID Alternatives leads teams of volunteers and job trainees to install solar power on qualifying homes, providing needed savings for families struggling to make ends meet while preparing workers for jobs in the fast-growing solar industry and cleaning our air. More than 4000 families have benefited from the program to date, saving $110 million in lifetime electricity costs, and more than 15,000 people have received solar training. GRID Alternatives has nine offices throughout California, Colorado, and the New York/Tri-State area, and also works in tribal lands and in Nicaragua. For more information, visit www.gridalternatives.org.