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Enphase acquires German IoT specialist GreenCom Networks

Enphase is currently looking forward to final approval from the EU authorities and expects to finalize its plans to get GreenCom Networks in the fourth quarter.

Image: geralt, pixabay

US micro-inverter manufacturer Enphase has decided to acquire Germany-based GreenCom Networks AG for an undisclosed sum.

The Munich-based company is really a provider of Internet of Things (IoT) software solutions. The companys technology facilitates a convergence of sectors such as for example mobility, heating, and renewable energy, also known as sector convergence or sector coupling, to greatly help achieve full home electrification, Enphase said in a statement. GreenCom Networks has extensive experience integrating a diverse group of devices such as for example solar inverters, battery systems, EV chargers, and heat pumps.

Enphase is currently looking forward to final approval from relevant EU authorities and expects to finalize the transaction in the fourth quarter of the year. The technical capabilities of the development team at GreenCom Networks can help accelerate our home energy management solutions globally, said Mehran Sedigh, Vice President, Storage Business Unit at Enphase Energy. We have been excited to introduce the companys answers to our customers, from Germany. We anticipate building upon the companys current offering, and integrating it in to the Enphase platform.

In March, Enphase acquired US-based SolarLeadFactory LLC, an organization that delivers high-quality results in solar installers. SolarLeadFactory combines proprietary software and data analytics and will be offering Enphase decades of solar and marketing experience.

In mid-April, the micro-inverter maker said it’ll begin producing micro-inverters in Timisoara, Romania, from the initial quarter of 2023. The business’s factory will undoubtedly be located at the Romanian production site of its partner, Flextronics.

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