FranklinWH and Sunnova Team Up to Add Franklin Home Power Storage Solution to Sunnova's Energy as a Service Portfolio

Rhea-AI Summary

FranklinWH Energy Storage has partnered with Sunnova Energy International (NYSE: NOVA) to integrate the Franklin Home Power (FHP) system into Sunnova's Adaptive Home™® offerings. This innovative AC-coupled storage solution, which includes an advanced inverter and energy management device, aims to enhance solar energy use for existing customers and new home developments. Key features include scalability, fast installation, and flexible modes for self-consumption and backup. The partnership focuses on delivering safe and affordable energy solutions, aligning both companies' visions of providing intelligent energy management systems.

Positive

• Partnership enhances Sunnova's offerings with the FHP storage solution.
• FHP system allows integration with existing solar technologies.
• Scalable and flexible energy management options for homeowners.

Negative

• None.

SAN JOSE, Calif., Feb. 10, 2023 /PRNewswire/ -- FranklinWH Energy Storage Inc. ("FranklinWH"), a leader in whole-home energy management, has announced an agreement with Sunnova Energy International, Inc ("Sunnova") (NYSE: NOVA), a leading Energy as a Service ("EaaS") provider, to offer the Franklin Home Power system (the "FHP"), an AC-coupled storage solution, as an option for the Sunnova Adaptive Home™®, which integrates the use of solar, battery storage, energy control and management technologies. This will allow Sunnova to bring the FHP storage solution to existing solar customers, as well as to developers of new homes as a whole-home solution that will bring safe, reliable, and affordable state-of-the-art solar technology to new homes and communities.

"FranklinWH and Sunnova offer consumers the ability to create an optimized ecosystem for their home with a platform that can seamlessly monitor and control energy from the grid, home solar and battery storage system, and generator power," said Ke Bi, COO, FranklinWH Energy Storage. "Sunnova is a company that shares our vision, and we are pleased to be able to work closely with their network of dealers to help homeowners address today and tomorrow's home energy challenges. Together, we are focused on providing intelligent whole-home energy management systems with battery storage that are easy to install and operate."

"Sunnova's leading home energy system – the Sunnova Adaptive Home™®– provides energy security and energy affordability by offering a better energy service at a better price," said Michael Grasso, Executive Vice President, Chief Marketing and Growth Officer, Sunnova Energy International. "We see the FHP storage solution as a strong addition to our EaaS offerings, and one that integrates easily to enhance the lives of our customers."

The FHP is an AC-coupled solution with lithium iron phosphate chemistry and can be applied with any solar inverter. The FHP comes with aPower, which is an AC battery with a built-in advanced inverter, and the aGate, which is the energy management device that connects to the grid, home loads and the solar system. The FHP storage solution is a scalable system with density allowing up to 15 units. The storage solution is pre-assembled for fast and easy installation. Designed to meet homeowners' needs today and the future, the FHP storage solution provides self-consumption, TOU, and backup modes for great flexibility for homeowners.

About Sunnova

Sunnova Energy International Inc. (NYSE: NOVA) is a leading U.S. Energy as a Service ("EaaS") 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, please visit sunnova.com.

About FranklinWH

FranklinWH Energy Storage is the manufacturer of the Franklin Home Power system ("FHP"). FranklinWH is a research-driven company focus on next-generation residential energy management and storage solution. Founded in 2019, headquartered in the San Francisco Bay Area, and funded by Sequoia Capital, FranklinWH's team has decades of experience in energy systems, from design, through manufacturing, to sales and installation. We are also AVL listed with multiple financial institutions. Learn more about how homeowners can achieve energy independence at franklinwh.com.

FranklinWH Media Contact: 
media@franklinwh.com

Sunnova Media Contact:  
Kelsey.Hultberg@sunnova.com

 

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SOURCE FranklinWH Energy Storage Inc.

FAQ

What is the significance of the FranklinWH and Sunnova partnership for NOVA investors?

The partnership integrates Franklin Home Power to enhance Sunnova's energy offerings, potentially improving customer satisfaction and market share.

How does the Franklin Home Power system enhance Sunnova's Adaptive Home™®?

It provides an advanced AC-coupled storage solution that increases solar energy efficiency and management.

What are the benefits of the Franklin Home Power for existing Sunnova customers?

Customers gain access to improved energy management, backup power options, and scalable storage capabilities.

When was the partnership between FranklinWH and Sunnova announced?

The partnership was announced on February 10, 2023.

What are the features of the Franklin Home Power system?

It includes lithium iron phosphate chemistry, built-in advanced inverter, scalability, and multiple operational modes.