Enphase Energy acquires smart home IoT software provider GreenCom

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Enphase Energy is acquiring GreenCom Networks AG, an Internet of Things (IoT) software provider based in 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 development team at GreenCom Networks 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, beginning in Germany. We look forward to building upon the company’s current offering, and integrating it into the Enphase platform.”

GreenCom connects and manages a wide range of distributed energy devices within 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 home electrification.

For Enphase, the acquisition is expected to:

  • Add a local engineering team to service the accelerating clean energy transition in Europe
  • Provide installers with a complete home energy management system integrating 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 EV charging, green heating with heat pumps, and time-of-use optimization

GreenCom Networks has extensive experience integrating a diverse set of devices such as solar inverters, battery systems, EV chargers, and heat pumps. These devices are typically made by different suppliers and need to be orchestrated intelligently 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 that is consumed or stored by the homeowner.

“The energy crisis is not confined to Europe – it’s a global issue that needs to be solved,” said Christian Feisst and Peter Mueller-Bruehl, co-CEOs of GreenCom Networks. “By pairing Enphase solar and battery systems with GreenCom’s IoT platform, we believe we can make meaningful progress in improving sustainability, decarbonization, and reducing the reliance on fossil fuels for our customers. Our team has been driven by purpose and we are excited to accelerate the impact of our home energy management solutions by joining Enphase.”

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