EPC Power names Jim Fusaro as CEO
24 Abril 2024 - 7:01AM
Business Wire
Fusaro joins with over 30 years of experience
in the solar, semiconductor and advanced materials industries
Founder Devin Dilley will retain the title of
President, and assume the role of Chief Product Officer working
closely with Fusaro
EPC Power, a leading U.S. provider of high-performance,
utility-scale, smart inverters for the solar and storage
industries, announced today that Jim Fusaro has been appointed by
the Board of Directors and assumed the position of Chief Executive
Officer effective April 15, 2024. Fusaro brings deep industry and
management experience to lead the company through its next stage of
growth, furthering its growing international customer base and
expansion into new markets.
“I am thrilled to have Jim join our team; he brings a wealth of
experience and has a proven track record of results,” said Devin
Dilley, founder, President, and Chief Product Officer. “I look
forward to working with Jim to grow EPC into the premier global
provider of utility-scale digital power conversion. The
proliferation of renewable generation requires new technologies to
ensure the stability, security and reliability of our power
infrastructure. It's our mission to lead the charge.”
Fusaro most recently served as CEO and member of the board of
Array Technologies, Inc. (NASDAQ: ARRY). At Array, Fusaro built a
culture around profitable growth, customer-focus, results, and
innovation, and put in place an experienced leadership team and
operating system that accelerated the company's performance. Prior
to joining Array, Fusaro managed large-scale global businesses at
Honeywell and Amkor Technology. During his time with Honeywell,
Fusaro served as President of Advanced Materials, Vice President
& Chief Commercial Officer of Aerospace, and Vice President
& GM of Mechanical Subsystems. Before joining Honeywell, Fusaro
was EVP of Assembly & Test at Amkor Technology.
"EPC’s technological approach provides solutions to the immense
challenge of modernizing the grid," said Fusaro. "EPC has a winning
culture, a dedicated team, and a portfolio of innovative products.
I look forward to working with Devin and the team to continue the
journey of transforming the grid.”
To date, EPC Power has delivered globally more than four
gigawatts of American made smart inverters, and has more than
doubled its production capacity by substantially investing in its
Greenville, South Carolina manufacturing facility in 2023.
The utility-scale energy storage sector is projected to grow
nearly 20% per year from 2023 to 2030 according to BloombergNEF,
and with the substantial production capacity increase and
continuous cutting-edge product innovation, EPC Power is positioned
to continue to deliver best-in-class power conversion solutions for
its customers. EPC Power is equally well positioned to serve the
massive and growing solar energy market with the upcoming release
of its groundbreaking M Series inverter.
“On behalf of the Board of Directors, it is my pleasure to
welcome Jim as CEO of EPC Power. Jim is a technology and market
savvy business leader, with a proven track record of delivering
results in a broad set of leadership roles. EPC Power is
significantly growing in market share with an expanding customer
base, and will be the clear front-runner in technology leadership
with this next generation of product lines. We are poised to
accelerate our global expansion, and I am excited for Jim to lead
the company to new growth, new markets, and a new level of global
leadership in utility-scale renewable energy technology,” said Paul
Nahi, Executive Chairman of the EPC Power Board.
This leadership transition reflects EPC Power’s commitment to
continuity, acceleration, and long-term success.
About EPC Power:
EPC Power is a leading provider of smart power conversion
solutions, specializing in utility-grade solar and storage
inverters, backed by Goldman Sachs Alternatives and Cleanhill
Partners. Proudly 100% made in America, and with a commitment to
innovation, quality, and customer satisfaction, EPC Power delivers
reliable and scalable solutions to meet the evolving needs of its
customers. For more information, visit www.epcpower.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240424556761/en/
Media: Patrick Lenihan patrick@gravitystrat.com