STOCK TITAN

Enphase Energy and 4blue Expand Distribution Partnership in Europe

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
partnership
Rhea-AI Summary
Enphase Energy expands its relationship with 4blue to distribute IQ Microinverters and IQ Batteries in Europe.
Positive
  • Enphase Energy has expanded its relationship with 4blue to distribute IQ Microinverters and IQ Batteries in the Netherlands, Germany, Belgium, and Luxembourg. This partnership will help Enphase meet the increased demand for home energy management solutions in Europe.
Negative
  • None.

FREMONT, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today that it has expanded its relationship with 4blue, a full-service wholesaler of solar and battery systems, to distribute IQ® Microinverters and IQ™ Batteries in the Netherlands, Germany, Belgium, and Luxembourg.

4blue has been offering a wide range of Enphase products for more than seven years. Today, the company offers Enphase IQ7™ and IQ8™ family of microinverters, IQ Batteries, and other system components. 4blue sells through its leading e-commerce platform, which includes a world-class system configuration and ordering tool that makes the process of creating a reliable bill of materials simple and fast.    

“The quality and reliability of Enphase’s IQ Microinverters and IQ Batteries have resulted in strong customer satisfaction, which helps to strengthen our reputation and grow our business,” said Robert-Paul Evers, CEO of 4blue. “We take pride in helping our installer partners source and deeply understand Enphase’s home energy management solutions to help meet the needs of their customers from sale to install to ongoing operations and maintenance.”

IQ Microinverters leverage Enphase’s unique software-defined architecture and semiconductor integration for excellent reliability and economies of scale. Enphase microinverters are subjected to a rigorous reliability and quality testing regimen with more than one million hours of power-on testing to ensure exceptional performance under heat, high humidity, salty air, extreme cold, and harsh climate conditions. IQ Microinverters come with a 25-year limited warranty in select European countries.  

Enphase delivers a safe solar-plus-battery solution that does not expose installers or homeowners to high-voltage DC. Enphase IQ Batteries feature Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The Enphase IQ Batteries accommodate over-the-air software upgrades and come with a 15-year limited warranty in select European countries.

“Our growing relationship with 4blue is a testament to a shared focus on quality, safety, and reliability,” said Marco Krapels, vice president of international sales at Enphase Energy. “We are pleased to have 4blue’s support in ensuring installers have access to industry-leading microinverter-based solar and battery systems in order to meet heightened demand for home energy management solutions in Europe.”

For more information on Enphase IQ Microinverters and IQ Batteries, please visit the Enphase website.

About Enphase Energy, Inc.

Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 63 million microinverters, and approximately 3.3 million Enphase-based systems have been deployed in more than 145 countries. For more information, visit https://www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.

© 2023 Enphase Energy, Inc. All rights reserved. Enphase, the “e” logo, IQ, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks of Enphase Energy, Inc. in the US and other countries. Other names are for informational purposes and may be trademarks of their respective owners.

Forward-Looking Statements

This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality and reliability; the availability and market adoption of Enphase products; and growth in deployments of Enphase Energy Systems. 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 recently filed Annual Report on Form 10-K for the year ended December 31, 2022, its most recently filed Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, and other documents on file with the SEC from time to time, which are available on the SEC’s website at https://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.

Contact:

Enphase Energy
press@enphaseenergy.com


FAQ

What is Enphase Energy's partnership with 4blue about?

Enphase Energy has expanded its relationship with 4blue to distribute IQ Microinverters and IQ Batteries in Europe.

What countries will 4blue distribute Enphase products in?

4blue will distribute Enphase IQ Microinverters and IQ Batteries in the Netherlands, Germany, Belgium, and Luxembourg.

What are the benefits of Enphase's IQ Microinverters and IQ Batteries?

Enphase's IQ Microinverters and IQ Batteries offer excellent reliability, safety, and performance. They are subjected to rigorous testing and come with a limited warranty.

Enphase Energy, Inc.

NASDAQ:ENPH

ENPH Rankings

ENPH Latest News

ENPH Stock Data

8.39B
135.11M
3.33%
88.01%
10.88%
Solar
Semiconductors & Related Devices
Link
United States of America
FREMONT