Goldman Sachs Asset Management’s Sustainable Investing enterprise and Cleanhill Partners have acquired a majority stake in EPC Power Corp., a North American provider of utility-scale good inverters. The strategic funding, together with a complete recapitalization, positions EPC Power to develop within the U.S. market.
EPC Power’s good inverters are fitted to purposes in stand-alone energy storage, solar energy storage and information middle backup power. They allow the buildout of battery storage required to help the proliferation of renewable energy era.
“EPC Power is uniquely positioned to play a critical role in the evolution of the U.S. solar and energy storage value chains and is now well capitalized to continue its trajectory of rapid growth,” states Alexander Mass, managing director of Goldman Sachs Asset Management. “As the only scaled supplier of smart inverters that are designed, engineered and 100 percent manufactured in the U.S., EPC Power is a natural continuation of our thematic investment activity in this space, in partnership with Cleanhill Partners and EPC management.”
EPC Power is predicated in Southern California, working its first manufacturing facility in Poway in San Diego County, with a second U.S. manufacturing location on the East Coast scheduled to open in late 2022 to considerably develop manufacturing capability. To help its rising buyer base in Europe, EPC Power additionally maintains an engineering and gross sales workplace in Helsinki, Finland.