Enphase Energy, Inc. today announced that it has completed the previously announced acquisition of ClipperCreek. Based in Auburn, Calif., ClipperCreek offers electric vehicle (EV) charging solutions for residential and commercial customers in the U.S. ClipperCreek has been a pioneer in the EV charging market since 2006 and has sold more than 110,000 Level 2 AC charging stations since its inception.
The acquisition is expected to provide the following benefits:
• Provides Enphase distributors and installers globally with EV charging solutions that can be sold alongside solar and battery systems
• Launches Enphase into the rapidly growing EV sector with a respected brand and industry-leading products
• Accelerates the Enphase roadmap to enable bi-directional charging capability for vehicle-to-home and vehicle-to-grid applications
• Establishes a domestic manufacturing footprint for Enphase
"We are pleased to close the acquisition of Clipper Creek and welcome their customers and employees to Enphase," said Badri Kothandaraman, president and CEO of Enphase Energy. "EV adoption is quickly gaining momentum with sales expected to grow more than 40% annually in the U.S. over the next five years. We look forward to working with the talented team from ClipperCreek to develop smart EV charging solutions and integrating them into our home energy systems."