Enphase Energy Battery Storage Expands in Texas Following Severe Power Outages

Rhea-AI Summary

Enphase Energy (NASDAQ: ENPH) reported a rise in installations of its Energy System, which includes IQ Microinverters and IQ Batteries, among Texas homeowners. This surge follows severe weather events, highlighting the need for reliable energy solutions. Installers express confidence in Enphase’s products, emphasizing their safety and efficiency. The IQ Battery offers enhanced performance, long cycle life, and over-the-air upgrades, backed by a 10-year warranty. Enphase aims to support installers in addressing the increasing demand for resilient energy systems.

Positive

• Increased installations of Enphase Energy Systems in Texas due to severe weather demand.
• Strong confidence from installers in the safety and reliability of IQ Microinverters and IQ Batteries.
• IQ Battery features long cycle life and over-the-air software upgrades.

Negative

• None.

FREMONT, Calif., Dec. 06, 2021 (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, today announced that Enphase installers in Texas have seen increased deployments of the Enphase Energy System, powered by IQ™ Microinverters and IQ Batteries, following extreme weather conditions like winter storms and hurricanes.

“Our customers are looking for an energy solution that will meet their needs whether or not the grid is available,” said Mark Bench, chief executive officer at TriSMART Solar. “The IQ Microinverter and Battery system has proven to be one of the safest, most reliable home energy systems available, and we look forward to growing our business with Enphase for years to come.”

“Texas homeowners value peace of mind and independence more than anything,” said Eric Hoffman, co-owner of HE Solar LLC. “By using Enphase’s suite of products, we can custom build each system to meet the needs of our customers and provide them with a more independent, reliable, and safer source of power than ever before.”

Enphase delivers a safer solar-plus-battery solution which does not expose installers or homeowners to high-voltage DC. The Enphase IQ Battery features Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The batteries are equipped with Enphase Power Start™ technology, which helps seamlessly power-up air conditioners and well-pumps. Homeowners have insight into their systems through the Enphase App™, as well as the ability to go off-grid through the app. The Enphase IQ Battery accommodates over-the-air software upgrades and comes with a 10-year limited warranty with a 5-year limited warranty extension available for purchase.

“Extreme weather events and an unreliable grid are becoming the new normal for Texans,” said Jimmy Garrett, owner of Green Light Solar. “We’re proud to work with Enphase to help us deliver the best products and customer experience in the solar industry, offering homeowners an energy solution that is designed to protect their families with reliable, clean power when it’s needed most.”

“At Enphase, our installer partners and their customers are incredibly important to us,” said Dave Ranhoff, chief commercial officer at Enphase Energy. "Creating an excellent customer experience and continuing to innovate will help us deliver on our promise to advance a sustainable future for all. We’re grateful to our entire Texas installer network as they strive to carry out this promise using industry-leading products like the IQ Microinverters and Batteries for homeowners across the state.”

For more information about Enphase IQ Batteries and IQ Microinverters, 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 more than 39 million microinverters, and over 1.7 million Enphase-based systems have been deployed in more than 130 countries. For more information, visit https://www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.

© 2021 Enphase Energy, Inc. All rights reserved. Enphase, the "e" logo, IQ, Power Start, Enphase App, and certain other names and marks are registered trademarks of Enphase Energy, Inc. 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 our products; and the performance by our installation partners. 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.

Contact:

Enphase Energy 
press@enphaseenergy.com 

FAQ

What factors are driving the increased demand for Enphase's products in Texas?

Increased deployments of Enphase Energy Systems in Texas are primarily driven by extreme weather conditions like hurricanes and winter storms.

What is the significance of the IQ Battery technology for homeowners?

The IQ Battery provides homeowners with a safer, reliable energy source and the ability to go off-grid, accommodating needs during grid failures.

What kind of warranty do Enphase IQ Batteries come with?

Enphase IQ Batteries come with a 10-year limited warranty, with an option for a 5-year extension.

How do Enphase's products help during extreme weather events?

Enphase's products are designed to offer homeowners a dependable energy solution during extreme weather, ensuring power availability when the grid is unreliable.

What advantages do Enphase's IQ Microinverters provide?

IQ Microinverters enhance the safety and efficiency of solar installations by eliminating exposure to high-voltage DC.