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 installers of
Enphase® products across North America have seen growing
deployments of IQ8™ Commercial Microinverters.
A recent Wood Mackenzie report estimated that only 5.1% of
viable U.S. commercial properties had solar installations by the
end of 2023. IQ8 Commercial Microinverters were launched last year,
enabling solar installers and developers to add or expand their
commercial solar offerings and capitalize on the market opportunity
to grow their businesses. Enphase expects to begin shipping the
commercial microinverters from U.S. manufacturing facilities by the
end of the second quarter of 2024.
"We installed our first Enphase system in 2009 and haven’t
looked back since,” said Andrew Wade, president of My Generation
Energy, an installer of Enphase products in Massachusetts. "The new
Enphase IQ8 Microinverters allow us to expand our business and
tackle the commercial market with the same great products we trust
for our residential customers.”
“The new commercial solution from Enphase enables us to provide
our customers with one of the safest, most reliable, and resilient
solar energy solutions on the market,” said Anil Desai, president
at Glass Range Solar, an installer of Enphase products in
California. “From a more simplified design and installation process
to enhanced monitoring and ongoing operations experience, Enphase
is making our lives easier while giving our customers the ultimate
peace of mind around their investment.”
The IQ8P-3P Commercial three-phase Microinverters are designed
to support 208 V small commercial buildings. The Enphase solution
simplifies the design and installation process, improves energy
harvest with higher uptime, expands system monitoring capabilities
compared to similar solutions, and offers industry-leading safety
through an alternating current (AC)-based system using low-voltage
power. The IQ8P-3P Microinverters are compatible with a wide range
of solar panels from 320 W to 640 W, making the products viable to
support projects now and in the future. The high-quality
manufacturing process and low failure rates unlock an
industry-leading 25-year warranty for all IQ8 Microinverters
activated in the United States.
The commercial Enphase® Energy System™ also includes the new IQ®
Gateway Commercial 2, which can be connected to the internet
through multiple means of communication to enable over-the-air
updates and to the Enphase® App monitoring platform. The IQ Gateway
Commercial 2 and IQ® Microinverters make per-panel energy
monitoring and insights for operations and maintenance simple for
businesses, asset managers, and installers, including Fleet View
for portfolio monitoring and management. Enphase Kiosk software is
provided at no additional cost to display system performance in
real-time, offering marketing, brand value, and sustainability
tracking by showcasing on-site renewable energy generation. The new
microinverters also feature Enphase Burst Mode technology, allowing
panels to start earlier and turn off later in the day where other
systems would stop generating power.
"Residential and commercial facilities stand to reduce their
carbon footprint and unlock long-term energy savings thanks to
Enphase’s modular, durable, and high-performance energy systems,”
said Jason Iahn, president of Lighthouse Solar, an installer of
Enphase products in New York. "The new IQ8 Commercial
Microinverters fulfill the promise of optimal energy production but
also enhanced system resilience, so our installations will stand
the test of time.”
“Our goal at Enphase is to equip solar installers with the tools
they need to grow their business and create happy
customers,” said Mehran Sedigh, senior vice president of
sales at Enphase Energy. “Our dedicated solution for the small
commercial market is designed with the needs of installers and
commercial facility operators in mind, while also supporting the
adoption of renewable energy even further.”
Enphase recently announced support for commercial projects with
Solargraf®, its cloud-based design, proposal, and permitting
software platform. Solar professionals can seamlessly design 3D
models, explore flat roof and ground mount system design options,
and analyze cumulative cash flow for easy financing from third
party financiers. For more information about commercial support on
Solargraf, please visit the website.
For more information about the commercial Enphase Energy System,
please visit the 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 75 million microinverters, and over
4.1 million Enphase-based systems have been deployed in
more than 150 countries. For more information, visit
https://enphase.com/.
© 2024 Enphase Energy, Inc. All rights reserved. Enphase Energy,
Enphase, the “e” logo, IQ, IQ8, Solargraf, and certain other marks
listed at https://enphase.com/trademark-usage-guidelines are
trademarks or service marks 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; growth deployments of IQ8
Commercial Microinverters; the timing of shipments from U.S.
manufacturing facilities; forecasts regarding the size and growth
of commercial and community solar; and the availability and market
adoption of our products. These forward-looking statements are
based on Enphase Energy’s current expectations and inherently
involve significant risks and uncertainties. Enphase Energy’s
actual results and the timing of events could differ materially
from those contemplated by these forward-looking statements as a
result of such risks and uncertainties including those risks
described in more detail in its most recently filed Quarterly
Report on Form 10-Q, Annual Report on Form 10-K, and subsequent
filings on file with the SEC from time to time 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
Enphase Energy (NASDAQ:ENPH)
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