Nautilus Solar Energy and Enphase Energy Announce New Collaboration

SUMMIT, N.J., Feb. 9, 2016 /PRNewswire/ -- Nautilus Solar Energy, LLC, a leading full service solar solutions provider in the United States and Canada, and Enphase Energy, Inc., a global energy technology company, are pleased to announce an agreement to provide combined Asset Management services to distributed generation (DG) customers in the United States.

Both entities have established specialty divisions to address the growing demand for asset management services. Nautilus Solar has been providing its customers with asset management services since 2007. Seeing the demand in the solar market, the company launched an asset management division, Integrated Asset Management. This division offers an all-inclusive suite of solutions: physical, operational and financial asset management functions designed to enhance system performance, mitigate risk and protect asset value.

Enphase, through its division, Next Phase Solar, is leading efforts to streamline solar photovoltaic asset management and operations and maintenance for a wide range of installations, and preparing for the broader-based maintenance and productivity service requirements of future energy management systems. Next Phase currently has more than 1 gigawatt of solar assets under management.

"Nautilus and Enphase are clear on the opportunity and the need - the solar market is ready for stronger collaboration. Better collaboration will fill the gaps around Asset Management, improve project return, increase the productive life span and dramatically improve a projects long term viability," said Martin Rogers, Vice President of Worldwide Customer Service and Support, Enphase Energy.

Recognizing each entity's respective strengths and common vision regarding a "total or integrated" asset management solution for third-party customers, Nautilus and Enphase will leverage their expertise to provide a full suite of seamless asset management services for DG customers throughout the United States. For these target customers, Nautilus will provide operational and/or financial asset management services with Enphase providing physical asset management services.

The solar industry continues to grow at an accelerated rate. According to the Solar Energy Industries Association (SEIA), 40 percent of all new electric capacity installed through the second quarter of 2015 was from solar. While the focus of the industry during its early years was on getting systems up and running, it is now shifting to asset management as stakeholders recognize the need to maintain or increase their returns on investment (ROI).

"This partnership will provide a one-stop shop of interdependent asset management services for an underserved market. These services can offer solar stakeholders a significant opportunity to increase their ROI," said Jim Rice, Nautilus Solar Energy's CEO.

About Nautilus Solar Energy, LLC:
Founded in 2006, Nautilus Solar Energy, headquartered in Summit, N.J. is a leading full service solutions provider for business and public sector customers across North America. Nautilus is making solar possible by developing, funding, executing and managing the physical and financial aspects of distributed generation solar electric projects. The company delivers full service financial and technical expertise by customizing the optimal solar solution to save customers money while helping them meet their sustainability goals. Nautilus has been involved in over 100 MW—both distributed and grid tied systems—of solar solutions in the United States and Canada. Nautilus is minority owned by Virgo Investment Group LLC and its affiliates, based in Redwood Shores, California. Join Nautilus on LinkedIn and Twitter and visit www.nautilussolar.com for more information.

About Enphase
Enphase Energy, a global energy technology company, is leading the charge to bring smart, connected solar energy to every home, business and community. The company delivers simple, innovative and reliable energy management solutions that advance the worldwide potential of renewable energy. Enphase has shipped approximately 10 million microinverters, and more than 370,000 Enphase residential and commercial systems have been deployed in more than 95 countries. Join Enphase on LinkedIn and Twitter and visit www.enphase.com for more information.

Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.

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SOURCE Nautilus Solar Energy, LLC