Upstart Power Announces Investment for Residential Fuel Cell Technology from Clean Tech Leaders

SOUTHBOROUGH, Mass., Dec. 16, 2020 (GLOBE NEWSWIRE) — Upstart Power, Inc. announced today the participation of Enphase Energy, Inc. (NASDAQ: ENPH), Sunnova Energy International Inc. (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’s board of directors. Raghu Belur, Co-founder and Chief Products Officer of Enphase Energy and Kris Hillstrand, EVP of Technology and Service Operations of…

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