STOCK TITAN

Enphase Energy Partners with G-Store to Deliver Safe and Quality Solar in Australia

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Enphase Energy, a leader in solar microinverters, has partnered with G-Store in Victoria, Australia, to bolster green home energy solutions. G-Store aims to provide top-tier solar systems using Enphase IQ 7+ microinverters, which are renowned for their reliability and performance. This collaboration ensures adherence to high installation standards, with all systems linked to the Enphase Enlighten monitoring platform. With upcoming stringent Australian grid connection standards, Enphase products are positioned to meet these requirements, reinforcing their market leadership.

Positive
  • Partnership with G-Store enhances market presence in Australia.
  • Utilization of reliable IQ 7+ microinverters ensures high performance.
  • Enphase microinverters backed by a 10-year warranty, extendable to 25 years.
Negative
  • Stricter grid connection rules may increase compliance costs.
  • -

MELBOURNE, Australia, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of solar microinverters, today announced that the Company has partnered with G-Store, a leading green home energy solutions provider in Victoria, Australia.  G-Store has selected Enphase products to strengthen its commitment to providing residential solar customers with leading-edge solar systems.

Founded in 2007, G-Store's focus on delivering exceptional customer experiences has enabled the business to establish itself as one of the most trusted names in Victoria's residential solar market. To ensure the highest installation standards, G-Store relies on advanced quality management processes and strategically selected technology partners. The company holds Clean Energy Council and ISO 9001, ISO 14001, and ISO 450001 accreditations.

To overcome the installation, safety, and production limitations of standard solar systems, G-Store utilizes Enphase IQ 7+™ microinverters for the majority of its residential installations. In addition, all Enphase solar systems installed by G-Store are outfitted with the Enphase Envoy™ communications gateway, which connects the Enphase microinverter system to the Enphase Enlighten™ monitoring platform and makes per-panel energy monitoring and insights for operations and maintenance easy.

"Quality is at the heart of every solar system that G-Store installs," said Dion Epstein, managing director at G-Store. "Our customers trust us, and we trust using Enphase microinverters because they consistently produce exceptional results. Safety and performance are also top priorities for us, and superior products with longer warranties, like Enphase microinverters, mean greater peace of mind, and a faster return on investment for our solar customers."

IQ 7+ 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 regime with more than one million cumulative hours of power-on testing to ensure exceptional performance under heat, high humidity, salty air, cold, and harsh climate conditions. The Company's microinverters are designed to be long-lived energy assets and are backed by a 10-year warranty in the Australian solar market, which can be extended to 15, 20, or 25 years.

In addition to setting the standard for solar microinverter technology today, Enphase helps provide solar installers and homeowners future security. For example, the South Australian government is expected to introduce new standards impacting Distributed Energy Resources (DER) and their approval for connection to the grid at the end of September 2020. These regulations are anticipated to be the strictest grid connection rules in Australia and will spearhead ever-increasing regulatory demands being imposed on solar technology across the country. Enphase IQ 7™ microinverters are projected to be one of the first inverters to meet all changes under the rules without any required design alterations.

"G-Store's success in the Australian solar market highlights the importance for solar installers to build long-term customer relationships based on quality and trust," said Dave Ranhoff, chief commercial officer at Enphase Energy. "Enphase shares G-Store's commitment on both fronts with a focus on developing safe, smart, and reliable energy products, and we stand behind those products with a dedication to continually enhance customer experience."

About Enphase Energy, Inc.

Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 28 million microinverters, and over 1.2 million Enphase systems have been deployed in more than 130 countries. For more information, visit www.enphase.com/au and follow the company on Facebook, LinkedIn, and Twitter.

Enphase, IQ 7, IQ 7+, Envoy, Enlighten, the Enphase logo, and other trademarks or service names are the 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 advantages of Enphase Energy's products and technology, including expected safety, reliability, life expectancy, efficiency, value, performance, and ease of monitoring and maintenance; the anticipated changes to DER standards in Australia and Enphase’s products meeting such standards; and the services and products provided by our 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.

Enphase Contact:

Justin Cohen
Marketing Manager, APAC
jcohen@enphaseenergy.com
+61 438 630 163 

 


FAQ

What new partnership did Enphase Energy announce?

Enphase Energy announced a partnership with G-Store to provide solar solutions in Victoria, Australia.

What products will G-Store use from Enphase Energy?

G-Store will use Enphase IQ 7+ microinverters for their residential solar installations.

What is the warranty period for Enphase microinverters?

Enphase microinverters come with a 10-year warranty, which can be extended up to 25 years.

How does Enphase Energy support compliance with Australian regulations?

Enphase's IQ 7 microinverters are projected to meet new stringent grid connection standards without design alterations.

When are the new Australian grid connection standards expected to take effect?

The new standards regarding Distributed Energy Resources are anticipated to be introduced at the end of September 2020.

Enphase Energy, Inc.

NASDAQ:ENPH

ENPH Rankings

ENPH Latest News

ENPH Stock Data

8.56B
130.60M
3.34%
90.57%
11.73%
Solar
Semiconductors & Related Devices
Link
United States of America
FREMONT