Nautilus Solar Energy, a leading full service solar power 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 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.