Enphase Energy has acquired the electric vehicle charging business

The manufacturer of inverters, Enphase Energy, Inc. (ENPH), at the auction on November 22, rose by 5.21% to $267.74. The reason was a message about the purchase of a supplier of chargers for electric vehicles, ClipperCreek. 

The announcement is November 21, but its potential has not yet. Nevertheless, the purchase of ClipperCreek is an essential step in expanding the Enphase Energy ecosystem towards the fast-growing electric vehicle market. 

ClipperCreek has an extensive line of charging stations of various types: portable for home outlets, stationary for parking lots, garage installations, commercial stations, etc. In addition, some Enphase competitors already offer inverters that allow charging electric vehicles directly from solar panels. 

For example, SolarEdge has a single-phase inverter that can configure energy distribution to the charger from panels and the network and create a schedule for charging. Additional power from solar panels makes it possible to speed up an electric vehicle 2-2.5 times. 

Especially true in American networks with a voltage of 110 V. Without additional power in the vast majority of single-family homes, it is impossible to charge two electric vehicles at once overnight — this requires a different power line or a solar power plant. Enphase strives to maintain technological leadership in the inverter market and create its comprehensive offer for the electric vehicle market, which may grow by 40% in the next five years in the United States. 

In addition, the new infrastructure investment program in the United States involves spending $7.5 billion on charging stations for electric transport. Enphase can combine ClipperCreek charging stations with its innovative Ensemble OS platform for energy distribution. The acquisition of ClipperCreek is to be completed by December 31, 2021.