With $22.5 million infusion, Enphase sees rising demand

Creator of solar microinverter sees 100 employees in ’09

PETALUMA - Enphase Energy continues to grow despite an economy that has many technology companies struggling.

Buoyed by an infusion of $22.5 million in May of this year from both new and returning venture capital companies, Enphase is adding staff as quickly as it can find qualified workers.

The company grew from 55 employees in May to 70 currently and expects to have a staff of 100 by the end of the year, according to Director of Marketing Leesa Lee.

If Enphase has a challenge, it's that demand for the company's product is outgrowing manufacturing capacity, leading to a scramble to find contract manufacturing partners and ramp up production, she said.

Launched in 2008, Enphase was the first to market with a system that uses high-efficiency microinverters to convert energy from solar panels. The system includes Web-based analytics to maximize energy harvest and simplify design, installation and management of solar projects, increasing energy harvest by 5 percent to 25 percent and reducing labor costs by about 15 percent.


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