Funding and M&A Roundup: Enphase Energy Acquires SolarLeadFactory
Renewable energy company Sun Cable raises $153 million in funding
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Enphase Energy, a micro inverter-based solar-plus-storage systems supplier, acquired California-based SolarLeadFactory. The financial terms of the transaction were not disclosed. Founded in 2012, SolarLeadFactory produces, curates, and distributes solar leads across the U.S. With the acquisition, Enphase plans to build a digital platform for installers that incorporates tools to design, permit, install, monitor, and maintain solar and battery systems; and this acquisition is expected to add lead generation capabilities to that toolset.
