Transportation

Enphase Energy acquires EV charging solutions provider

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January 7, 2022

Enphase Energy Inc., a Fremont, California based energy technology company and supplier of microinverter-based solar and battery systems, has acquired ClipperCreek, an Auburn, California based provider of electric vehicle charging solutions that has sold more than 110,000 Level 2 AC charging stations since its inception, according to a press release.

The acquisition provides Enphase distributors and installers globally with EV charging solutions that can be sold alongside solar and battery systems.

"EV adoption is quickly gaining momentum with sales expected to grow more than 40% annually in the U.S. over the next five years," Badri Kothandaraman, president and CEO of Enphase Energy, said in the press release.