Enphase Energy Expands IQ8 Microinverter Deployments in South Carolina

Rhea-AI Summary

Enphase Energy, Inc. (NASDAQ: ENPH) announces growing deployments of Enphase Energy Systems™ powered by IQ8™ Microinverters in South Carolina. The company has increased its global capacity with the recent inauguration of its U.S. manufacturing facilities, creating new jobs and contributing to the growth of its business.

Positive

• Enphase Energy has increased its global capacity of microinverters per quarter with the recent inauguration of its U.S. manufacturing facilities.
• The company's U.S. manufacturing in South Carolina has created new jobs, advanced the country's clean energy economy, and contributed to the growth of its business.
• 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 harsh climate conditions.

Negative

• None.

FREMONT, Calif., Aug. 10, 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 installers of Enphase^® products in South Carolina have seen growing deployments of Enphase Energy Systems™ powered by IQ8™ Microinverters.

Enphase recently began microinverter shipments from its new U.S. production facility in Columbia, South Carolina with its contract manufacturing partner Flex. With the recent inauguration of its U.S. manufacturing facilities, Enphase has increased its global capacity of microinverters per quarter, creating new jobs, advancing the country's clean energy economy, and contributing to the growth of its business.

“Enphase’s U.S. manufacturing in South Carolina brings the supply chain right to our backyard, so that we can quickly deliver industry-leading home energy solutions to homeowners across the state,” said Robby Edge, CEO of EMPWR Solar. “Enphase products give our customers reliable and resilient clean energy solutions that enable a maximum return on investment and true peace of mind.”

“The versatility of IQ8 Microinverters provides exceptional value to homeowners, whether they are looking to invest in solar for the first time or update their existing systems,” said Jay Radcliffe, CEO of Renu Energy Solutions. “The complete IQ8-powered Enphase Energy System unlocks energy independence and true peace of mind for our customers, and we’re proud to offer this solution that's now made in the Carolinas.”

Enphase microinverters leverage unique software-defined architecture and semiconductor integration for excellent reliability and economies of scale. The products 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. Enphase IQ8 Microinverters are built to last and come with a 25-year limited warranty.

Enphase microinverter systems integrate with the IQ™ Gateway, which can be connected to the internet to enable over-the-air updates and connect to the Enphase^® App monitoring platform. The IQ Gateway and IQ^® Microinverters make per-panel energy monitoring and insights for operations and maintenance simple for homeowners.

“We’re excited to offer our customers U.S. manufactured Enphase products, providing a clean, reliable source of energy that can be tailored specifically to their energy needs,” said Cody Coker, CEO of Southern Coker Power. “The capabilities of the Enphase App combined with the highly customizable system enable our customers to take full control of their energy usage and secure maximum cost savings.”

“Our customers rely on us to offer best-in-class technology to power their homes with clean, reliable energy and can help reduce their utility bills,” said Aaron Davis, CEO of Firefly Solar. “Now, with the Enphase contract manufacturing facility in South Carolina, we can see firsthand the amount of care that goes into making microinverters and how Enphase is able to guarantee the products will last 25 years.”

“Enphase continues to align manufacturing with demand to best serve our installer network and their customers,” said Dave Ranhoff, chief commercial officer at Enphase Energy. “We’re pleased to see our microinverters manufactured in the United States unlocking value for South Carolina homeowners, and we commend our experienced installer network in the state for providing customers with an all-around, best-in-class experience that helps drive the adoption of Enphase Energy Systems.”

For more information about IQ8 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 approximately 68 million microinverters, and more than 3.5 million Enphase-based systems have been deployed in over 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 U.S. 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 Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, its Annual Report on Form 10-K for the year ended December 31, 2022 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 the latest announcement from Enphase Energy, Inc. (NASDAQ: ENPH)?

Enphase Energy, Inc. (NASDAQ: ENPH) announced growing deployments of Enphase Energy Systems™ powered by IQ8™ Microinverters in South Carolina, following the recent inauguration of its U.S. manufacturing facilities.

What are the key benefits of Enphase microinverters for homeowners?

Enphase microinverters provide exceptional value to homeowners, offering reliable and resilient clean energy solutions that enable a maximum return on investment and true peace of mind. They are also subjected to rigorous reliability and quality testing to ensure exceptional performance under harsh climate conditions.

How long is the warranty for Enphase IQ8 Microinverters?

Enphase IQ8 Microinverters come with a 25-year limited warranty, providing homeowners with long-term peace of mind for their clean energy solutions.

What is the impact of Enphase's U.S. manufacturing facilities on the clean energy economy?

Enphase's U.S. manufacturing facilities in South Carolina have created new jobs, advanced the country's clean energy economy, and contributed to the growth of its business.

How do Enphase microinverter systems benefit homeowners?

Enphase microinverter systems integrate with the IQ™ Gateway, enabling per-panel energy monitoring and insights for operations and maintenance, providing homeowners with full control of their energy usage and maximum cost savings.