{"id":400796,"date":"2020-12-16T08:03:38","date_gmt":"2020-12-16T13:03:38","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400796"},"modified":"2020-12-16T08:03:38","modified_gmt":"2020-12-16T13:03:38","slug":"upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\/","title":{"rendered":"Upstart Power Announces Investment for Residential Fuel Cell Technology from Clean Tech Leaders"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SOUTHBOROUGH, Mass., Dec.  16, 2020  (GLOBE NEWSWIRE) &#8212; Upstart Power, Inc. announced today the participation of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BHHvGhnmvqlXJESDI4V7KxT61ixJrHrukXocvWvCeKvT1W1E9tDx8DYqV4UgUE5ALy77myNS9unFSPLkhthiVkhei7MmcbMYj8jMfULkM2w=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Enphase Energy, Inc.<\/u><\/a> (NASDAQ: ENPH), <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=yVYGNKi9AaXQhBHlL31iOntMVOo4xhsr3d12-NNKA86utmXG79ElilDUUsT9uevwV7AHDeHWxR8bkvh_EcEgpTQf_NhBLOhZm_a477j5n8w=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Sunnova Energy International Inc.<\/a>\u00a0(NYSE: NOVA) and Rodgers Capital, LLC, a California limited liability company, in an investment that will enable Upstart to continue the development of its groundbreaking fuel cell technology. This highly reliable, low emission technology will work in conjunction with solar and battery storage systems in residential applications, forming a highly resilient microgrid.<\/p>\n<p>As part of the investment, T.J. Rodgers, CEO of Rodgers Capital, LLC, Jeff McNeil, Chief Operating Officer of Enphase Energy, and John Santo Salvo, EVP of Channel Operations and Chief Procurement Officer of Sunnova, will join Upstart\u2019s board of directors. Raghu Belur, Co-founder and Chief Products Officer of Enphase Energy and Kris Hillstrand, EVP of Technology and Service Operations of Sunnova, will be appointed as board observers.<\/p>\n<p>\u201cUpstart Power is focused on replacing internal combustion engine (ICE) generators in backup and off-grid applications,\u201d said Paul Osenar, President and CEO of Upstart Power. \u201cFuel cell technologies can provide lower cost, lower emissions, and higher reliability than ICE generators. The continued support from Sunnova with new investment from Enphase Energy and Rodgers Capital will allow us to scale our product development and manufacturing teams and bring the innovative Upgen platform to the market at scale.\u201d<\/p>\n<p>\u201cWe\u00a0are excited to continue building our partnerships with leading-edge technology firms to bring innovative energy technologies to market for our customers,\u201d said William J. (John) Berger, Chief Executive Officer of Sunnova. \u201cSunnova is at the center of creating and managing the new distributed power systems in the United States, and fuel cells are expected to be a part of these new energy systems and solutions as we\u00a0power energy independence.&#8221;\u00a0<\/p>\n<p>\u201cWe are pleased to invest in Upstart Power and look forward to integrating fuel cells into the Ensemble\u2122 energy management platform, allowing homeowners to achieve full energy independence,\u201d said Badri Kothandaraman, President and CEO of Enphase Energy. \u201cThe combination of fuel cells with solar and battery storage systems helps to ensure that a home is powered even during extended periods of inclement weather and low solar production, bringing peace of mind to our customers.\u201d<\/p>\n<p>\u201cI have worked for over a decade with fuel cells and can now see a solid market opportunity for residential fuel cells to service backup and off-grid applications,\u201d said T.J. Rodgers, CEO of Rodgers Capital, LLC. \u201cI am impressed with Upstart\u2019s compact residential fuel cells and look forward to working with its talented team.\u201d<\/p>\n<p>\n        <strong>About Upstart Power, Inc.<\/strong>\n      <\/p>\n<p>Upstart Power\u2019s mission is to design and produce market-disruptive, solid oxide fuel cell (SOFC) generators that are dependable, carbon efficient, and virtually silent. Focused on residential and commercial applications, our systems work collaboratively with intermittent renewable sources like solar and fill in when those sources are unavailable to provide 24-7-365 power. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LjkDUtEpvdzI-WbutntuOE78gD2yGiSZK39MRNaYCuuJeM2FOa_uSuPjP31yLjazMXrUQez6Bcotd7Se93YY55UCwHuAic1ziqQZp60Pvvg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.upstartpower.com<\/a>.<\/p>\n<p>\n        <strong>About Enphase Energy, Inc.<\/strong>\n      <\/p>\n<p>Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 30 million microinverters, and approximately 1.3 million Enphase systems have been deployed in more than 130 countries. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=f4hS1J4KyKKCOesSHJoWQGB6EiiYLxejotg5PxUp2R7RQ9iWph_etGWUTChDxcZRz6gjojwjhYW-6NtaMJawug==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.enphase.com<\/u><\/a> and follow the company on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iLydDJssNiK8s5bAmHH9UTGNi5YeKTLQW2kDehHpgjPin7rfXeKEyxx3gNkM_hgG1AEpWBA6TnnALEg9kNrdXVmf2BQCJYNzYmWrIOFu0tw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Facebook<\/u><\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lbHNla-Zznnd1mIPxOsdBIpdLoiOt-P8EUx3NJAH1VYRfuD1QSstZWeK_O5WndOalMwvFhvI4Bkat-zR4H1-d4mQ2Tk1hubRAfdBJJ7cdHY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>LinkedIn<\/u><\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZfEMPugA7Ud84xwX5lnHmDISjZuH4jLgcXmsA1jK9ajEaMsE4NXzGZmvQ6BfyYgHICshlsriHZ_DWWCuK4YfRw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Twitter<\/u><\/a>.<\/p>\n<p>Enphase Energy, Enphase, the E logo, Ensemble, and other trademarks or service names are the trademarks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.<\/p>\n<p>\n        <strong>About Sunnova Energy International Inc.<\/strong>\n      <\/p>\n<p>Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider, with customers across the U.S. and its territories. Sunnova&#8217;s goal is to be the source of clean, affordable and reliable energy, with a simple mission: to power energy independence\u00a0so that homeowners have the freedom to live life uninterrupted\u2122.<\/p>\n<p>For more information, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kBKdbwAPJTsXLx6YKgt_8k7oSSLfAsdVmmku2t1ccjD4VG4E-0Ta1CKWfw8d7o69Mh-oMfKw9TdzDOOvgw87ftSPmessNjW25vjj3UueGO2K9MDn21avV-Zq284sMiVtMDZrluyohS8gmJsCgX23rxhC9zX7_Ogwihx62qvqwnstJwB9j9xKXjp0ltJlYsgBnN9nn1uwGUVPV5e4y7fOuj63y0N238KO9H3tGMZnQ9g=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sunnova.com<\/a>, follow us on Twitter\u00a0and connect with us on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iLydDJssNiK8s5bAmHH9USV06B3edOQUxZJBzdFmW7cTha5FubqktSwWohnn3octh1Kmfc8iu0mctBVVxya8s9doAC0HJpKS99Z4C_VOkpc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a>.<\/p>\n<p>\n        <strong>Enphase Energy Forward Looking Statement<\/strong><br \/>\n        <br \/>This press release may contain forward-looking statements, including statements related to Enphase\u2019s anticipated future products and their capabilities and the expected contributions and capabilities of those we collaborate with and their technologies and products. These forward-looking statements are based on Enphase\u2019s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those risks described in more detail in Enphase\u2019s most recent Annual Report on Form 10-K and other documents on file with the SEC and available on the SEC\u2019s website at www.sec.gov. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.<\/p>\n<p>\n        <strong>Contacts:<\/strong><br \/>\n        <br \/>Enphase Energy, Inc.<br \/>Adam Hinckley<br \/>Investor Relations<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FZ4p_11ANzjwVZszla_Ib9-1V3FZdeYhP38sjmyQlmkNZzjmeoanA51gwMPyRejRNM4_hY6lXy7Z3MFpBElmOpAZo7h8UIRBkVI3cpdldZ8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@enphaseenergy.com<\/a><br \/>+1-707-763-4784 x7354<\/p>\n<p>Sunnova Energy International Inc.<br \/>Rodney McMahan<br \/>Investor Relations<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2MYmZJdw1hchX8udpBpzOgcwlqIZyM-hf2NRhpCL_j4thLyWe8xvNXgBPMYMgpMx91IWPQbEFggrnyxgKxiC4A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@sunnova.com<\/a><\/p>\n<p>Upstart Power, Inc.<br \/>Investor Relations<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Eb24AWJv5sTEXHxqI-AwrlTatL-DhwJwFM35lA4xIPNbkd0W7m8jZbBj8Zyw3k9sC1nZP_79QH8lcRY2Z24ePSWgRhP1n1_K-RYra9gIeVg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@upstartpower.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjk1MiMzODgzNTE5IzIwMDQxNzg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/708da154-ee1c-41af-94bb-430e10a3754e\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SOUTHBOROUGH, Mass., Dec. 16, 2020 (GLOBE NEWSWIRE) &#8212; Upstart Power, Inc. announced today the participation of Enphase Energy, Inc. (NASDAQ: ENPH), Sunnova Energy International Inc.\u00a0(NYSE: NOVA) and Rodgers Capital, LLC, a California limited liability company, in an investment that will enable Upstart to continue the development of its groundbreaking fuel cell technology. This highly reliable, low emission technology will work in conjunction with solar and battery storage systems in residential applications, forming a highly resilient microgrid. As part of the investment, T.J. Rodgers, CEO of Rodgers Capital, LLC, Jeff McNeil, Chief Operating Officer of Enphase Energy, and John Santo Salvo, EVP of Channel Operations and Chief Procurement Officer of Sunnova, will join Upstart\u2019s board of directors. Raghu Belur, Co-founder and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Upstart Power Announces Investment for Residential Fuel Cell Technology from Clean Tech Leaders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-400796","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Upstart Power Announces Investment for Residential Fuel Cell Technology from Clean Tech Leaders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Upstart Power Announces Investment for Residential Fuel Cell Technology from Clean Tech Leaders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SOUTHBOROUGH, Mass., Dec. 16, 2020 (GLOBE NEWSWIRE) &#8212; Upstart Power, Inc. announced today the participation of Enphase Energy, Inc. (NASDAQ: ENPH), Sunnova Energy International Inc.\u00a0(NYSE: NOVA) and Rodgers Capital, LLC, a California limited liability company, in an investment that will enable Upstart to continue the development of its groundbreaking fuel cell technology. This highly reliable, low emission technology will work in conjunction with solar and battery storage systems in residential applications, forming a highly resilient microgrid. As part of the investment, T.J. Rodgers, CEO of Rodgers Capital, LLC, Jeff McNeil, Chief Operating Officer of Enphase Energy, and John Santo Salvo, EVP of Channel Operations and Chief Procurement Officer of Sunnova, will join Upstart\u2019s board of directors. Raghu Belur, Co-founder and &hellip; Continue reading &quot;Upstart Power Announces Investment for Residential Fuel Cell Technology from Clean Tech Leaders&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-16T13:03:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjk1MiMzODgzNTE5IzIwMDQxNzg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Upstart Power Announces Investment for Residential Fuel Cell Technology from Clean Tech Leaders\",\"datePublished\":\"2020-12-16T13:03:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\\\/\"},\"wordCount\":872,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExMjk1MiMzODgzNTE5IzIwMDQxNzg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\\\/\",\"name\":\"Upstart Power Announces Investment for Residential Fuel Cell Technology from Clean Tech Leaders - 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(NASDAQ: ENPH), Sunnova Energy International Inc.\u00a0(NYSE: NOVA) and Rodgers Capital, LLC, a California limited liability company, in an investment that will enable Upstart to continue the development of its groundbreaking fuel cell technology. This highly reliable, low emission technology will work in conjunction with solar and battery storage systems in residential applications, forming a highly resilient microgrid. As part of the investment, T.J. Rodgers, CEO of Rodgers Capital, LLC, Jeff McNeil, Chief Operating Officer of Enphase Energy, and John Santo Salvo, EVP of Channel Operations and Chief Procurement Officer of Sunnova, will join Upstart\u2019s board of directors. Raghu Belur, Co-founder and &hellip; Continue reading \"Upstart Power Announces Investment for Residential Fuel Cell Technology from Clean Tech Leaders\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-16T13:03:38+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjk1MiMzODgzNTE5IzIwMDQxNzg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Upstart Power Announces Investment for Residential Fuel Cell Technology from Clean Tech Leaders","datePublished":"2020-12-16T13:03:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\/"},"wordCount":872,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjk1MiMzODgzNTE5IzIwMDQxNzg=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/upstart-power-announces-investment-for-residential-fuel-cell-technology-from-clean-tech-leaders\/","name":"Upstart Power Announces Investment for Residential Fuel Cell Technology from Clean Tech Leaders - 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