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Upstart Continues Leadership Team Expansion

Upstart Power Continues Leadership Team Expansion

Appoints VP of Quality and VP of Fuel Cell Technology

Southborough, MA (February 23rd, 2022):  Upstart Power, a leading developer and manufacturer of solid oxide fuel cell (SOFC) power systems for long-duration backup and distributed generation, announces two key executive hires that serve to strengthen the company’s leadership team and accelerate the commercialization of its Upgen™ portfolio of products.

Linda DeJulio-Gribben and Darren Hickey have recently joined Upstart Power’s executive leadership team as Vice President of Quality and Vice President of Fuel Cell Technology, respectively.  Ms. DeJulio-Gribben is leading the company’s Quality and Regulatory teams to deliver exceptional product quality and customer experiences throughout the company’s product lifecycles.  Darren Hickey will lead the company’s Fuel Cell Technology team that innovates and develops new SOFC technologies for the company’s next generation Upgen™ Power products.  DeJulio-Gribben and Hickey join Upstart Power at a pivotal time as the company is rapidly maturing the development of its initial commercial products and accelerating its ramp into volume manufacturing and global deployment.

‘The extensive talents, leadership, and experience that Linda and Darren bring to Upstart Power enable us to augment our existing leadership team and increase our capabilities in areas that are most critical to the successful commercialization of our residential and industrial fuel cell products,’ said Paul Osenar, President and CEO of Upstart Power. ‘The expert knowledge in fuel cell technology, quality management systems, and new product introduction that these individuals bring to our organization paired with their extensive experience in early-stage technology ventures will be instrumental in our future success.’

Prior to Upstart Power, Linda DeJulio-Gribben was a Senior Business Consultant for the Power Systems Group of Mitsubishi Electric Power Products Inc. (MEPPI).  She also held several General Management roles and led Quality Assurance for the High Voltage Switchgear Division at MEPPI, focusing on production and supply base quality, and improving equipment field performance for major North American IOU customers.  Her time prior to MEPPI was spent in various leadership positions at Dupont, Corning, ABB, Siemens, and Pennsylvania Breaker, LLC.  Linda brings over 25 years of extensive leadership experience in general management, operations, and quality management and holds a B.S. in Mechanical Engineering from the Georgia Institute of Technology.  

Darren Hickey comes to Upstart Power from Cummins, where he was the Director of Fuel Cell Technologies leading a team of expert engineers driving innovation and development of heavy-duty fuel cells as well as the Principal Investigator on multiple DOE awarded programs.  Prior to Cummins, Darren was Product Design Leader at GE Fuel Cells developing SOFC systems including the base cell and stack architecture that went into pilot production.  As Co-Founder of EnerVault, he built a team of engineers for the development and scale-up of an advanced flow battery for grid scale energy storage.  Earlier in his career he was a member of the starting teams at Bloom Energy and Ceramic Fuel Cells Limited. Darren brings over 25 years of expert innovation experience in fuel cells and energy storage to the Upstart Power team.  He holds an M.S. Mechanical Engineering from the University of Arizona and a B.E. in Mechanical and Manufacturing Engineer from the University of Melbourne, Australia.

About Upstart Power, Inc.

Upstart Power designs and produces market disruptive solid oxide fuel cell (SOFC) generators for Residential and Industrial applications that are dependable, sustainable, carbon efficient, and virtually silent.  The Upgen™ products from Upstart Power work collaboratively with battery storage to cover for grid outages and solar shortfalls, providing 24-7-365, long-duration resiliency.  Founded in late 2018, Upstart Power is a privately held company, funded by investors including Enphase Energy, Sunnova Energy and Rogers Capital.

For more information, visit www.upstartpower.com

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

SOUTHBOROUGH, MA, Dec. 16, 2020 — 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 Sunnova, will be appointed as board observers. 

“Upstart Power is focused on replacing internal combustion engine (ICE) generators in backup and off-grid applications,” said Paul Osenar, President and CEO of Upstart Power. “Fuel 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.” 

“We are excited to continue building our partnerships with leading-edge technology firms to bring innovative energy technologies to market for our customers,” said William J. (John) Berger, Chief Executive Officer of Sunnova. “Sunnova 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 power energy independence.” 

“We are pleased to invest in Upstart Power and look forward to integrating fuel cells into the Ensemble™ energy management platform, allowing homeowners to achieve full energy independence,” said Badri Kothandaraman, President and CEO of Enphase Energy. “The 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.” 

“I 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,” said T.J. Rodgers, CEO of Rodgers Capital, LLC. “I am impressed with Upstart’s compact residential fuel cells and look forward to working with its talented team.” 

About Upstart Power, Inc. 

Upstart Power’s 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 upstartpower.com. 

About Enphase Energy, Inc.

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 enphase.com and follow the company on FacebookLinkedIn and Twitter. 

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. 

About Sunnova Energy International Inc. 

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’s goal is to be the source of clean, affordable and reliable energy, with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted™. 

For more information, visit sunnova.com, follow us on Twitter and connect with us on Facebook. 

Enphase Energy Forward Looking Statement 

This press release may contain forward-looking statements, including statements related to Enphase’s 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’s 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’s most recent Annual Report on Form 10-K and other documents on file with the SEC and available on the SEC’s 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. 

Contacts:
Enphase Energy, Inc.
Adam Hinckley
Investor Relations 
ir@enphaseenergy.com
+1-707-763-4784 x7354 

Sunnova Energy International Inc.
Rodney McMahan
Investor Relations
ir@sunnova.com 

Upstart Power, Inc.
Investor Relations 
ir@upstartpower.com