# Enphase Energy

Enphase Energy is an other based in Petaluma, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Petaluma, United States
- **Region:** North America
- **Address:** Petaluma, CA, United States
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** enphase.com
- **LinkedIn:** https://www.linkedin.com/company/enphase-energy

## Regulatory record

- **Reports private funds:** No

## About

Enphase Energy is a company in the renewable energy sector. It offers microinverters, battery storage solutions, and electric vehicle chargers for solar energy generation, use, and storage. Its products and services cater to residential and commercial clients.

## Sectors

- Energy Transition & Renewables
- ClimateTech
- Hardware

## Offices

- Nashville, TN
- Houston, TX

## People

- Badri Kothandaraman — President and Chief Executive Officer
- David Ranhoff — Chief Commercial Officer

## Questions

### Who runs investment decisions at Enphase Energy?

Badri Kothandaraman has been President and CEO since 2017. He sets the product and strategic direction. The board of directors, including founder Raghu Belur, retains oversight on major capital-allocation decisions like manufacturing partnerships and stock buybacks (per SEC filings, 2023).

### How does Enphase Energy source proprietary deal flow?

Enphase does not source proprietary deal flow in the investment sense. It operates as a product company — it identifies new technology through R&D partnerships and acquisitions of smaller hardware or software firms. Notable acquisitions include SunPower's microinverter business (2022) and a stake in a Foxconn joint venture (2023).

### Does Enphase Energy participate in fund commitments or only direct deals?

Enphase Energy does not make fund commitments. Its capital allocation is limited to internal R&D, acquisitions of complementary technology firms, and manufacturing joint ventures. The company does not operate as an institutional asset allocator.

### Which sectors does Enphase Energy focus on?

Enphase is solely focused on the solar and energy-storage sector. Its products are microinverters, home batteries, and energy-management software for residential and commercial installations. The firm does not participate in other energy sectors such as oil and gas, wind, or hydrogen. It also explicitly avoids the panel-manufacturing segment.

### What investment stages does Enphase Energy typically target?

Enphase does not target investment stages in the traditional allocator sense. When it acquires technology, it targets early-stage hardware or software firms with proven prototypes that can be integrated into the Enphase ecosystem. Its largest acquisition to date was the 2022 purchase of SunPower's microinverter division for roughly $250M (per SEC filing, 2022).

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Last updated: 2026-06-03T20:00:00.000Z

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