Enphase Energy acquires GreenCom Networks AG, an Internet of Things (IoT) software provider based in Munich, Germany. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter of 2022.
“The technical capabilities of the GreenCom Networks development team will help accelerate our home energy management solutions globally,” said Mehran Sedigh, Vice President, Storage Business Unit at Enphase Energy. “We are excited to introduce the company’s solutions to our customers, starting in Germany. We look forward to building on the company’s current offerings and integrating it into the Enphase platform.”
GreenCom connects and manages a wide range of distributed energy devices in the home. The company’s technology facilitates a convergence of sectors such as mobility, heating and renewable energy, often referred to as sector convergence or sector coupling, to help achieve full residential electrification.
For Enphase, the acquisition is expected to:
- Add a local engineering team to support Europe’s accelerating clean energy transition
- Provide installers with a complete home energy management system that integrates Enphase microinverters and batteries with third-party EV chargers and heat pumps
- Enable homeowners to monitor and control the devices from the Enphase app
- Facilitate home energy management features such as green charging of electric cars, green heating with heat pumps and optimization of runtime
GreenCom Networks has extensive experience in integrating diverse devices such as solar inverters, battery systems, EV chargers and heat pumps. These devices are usually made by different vendors and must be intelligently orchestrated to optimize energy consumption. GreenCom’s software solutions result in a rich and seamless experience for the homeowner and can help optimize the amount of self-generated energy consumed or stored by the homeowner.
“The energy crisis is not limited to Europe – it is a global problem that needs to be solved,” said Christian Feisst and Peter Mueller-Bruehl, co-CEOs of GreenCom Networks. “By connecting Enphase’s solar and battery systems to GreenCom’s IoT platform, we believe we can make meaningful progress in improving sustainability, decarbonising and reducing our customers’ dependence on fossil fuels. Our team was driven by purpose and we are excited to accelerate the impact of our home energy management solutions by joining Enphase.”
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