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 it has entered the
solar market in Greece with the introduction of IQ8™
Microinverters, with peak output AC power of 384 W, and IQ™
Batteries.
The Greece Ministry of Environment and Energy has launched a
subsidy program in a strategic effort to expand deployments of
solar-plus-battery storage systems and reach its goal of building
two gigawatts of residential solar capacity by 2030. This program
covers up to 65 percent of solar system costs and approximately 90
percent of battery costs, helping to expand clean energy access for
Greek homeowners. Subsidized solar and battery systems are selected
to participate in Greece's net-metering program to support the grid
during peak load shifts.
“Greece has been making progress on its goal to reduce reliance
on fossil fuels and build energy security, but there’s still much
work to be done,” said Armodios Vovos, owner and head engineer at
Armodios Vovos M.E.P.E. “Enphase’s expansion into the Greek solar
market comes at an opportune time, supporting growing demand for
high-performance, reliable, and safe home energy solutions across
the country.”
IQ8 Microinverters are designed to maximize energy production
and can manage a continuous DC current of 14 amperes, supporting
higher powered solar modules through increased energy harvesting,
while maintaining full compatibility with previously released IQ8
Microinverters. The three new microinverters – IQ8MC™, IQ8AC™, and
IQ8HC™ – feature a peak output power of 330 W, 366 W, and 384 W,
respectively, and are designed to seamlessly pair with a full range
of solar modules up to 560 W DC. All IQ8 series microinverters
activated in Greece come with a 25-year limited warranty.
The Enphase® Energy System™ with IQ Batteries offers
configurations ranging from 3.5kWh to an aggregate 42kWh and can be
upgraded throughout the lifetime of the system. Enphase delivers an
enhanced solar-plus-battery solution which 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 smooth operation through excellent
thermal stability.
Enphase IQ Batteries accommodate over-the-air software upgrades
for enhanced longevity and come with a 15-year limited warranty in
select European countries, including Greece. Homeowners can also
use the Enphase® App to monitor performance and intelligently
manage their system. This includes the self-consumption feature,
which minimizes the use of electricity from the grid. In addition,
Enphase offers 24/7 customer support.
“The intelligence behind the IQ8-powered Enphase Energy System
allows Greek homeowners to maximize the sun’s value and meet their
unique energy goals,” said Periklis Gkikas, co-founder and chief
executive officer at Susta. “With IQ Batteries, homeowners can
power their homes with the sun and also be rewarded for providing
excess power to the grid system.”
“IQ8 Microinverters and IQ Batteries are two high-performing
clean energy solutions for the residential market,” said
Kostantinos Symiakos, co-founder at Rodos Energy. “We’re thrilled
to have access to these state-of-the-art products so that we can
help deliver reliable, clean energy to our growing customer
base.”
“The residential solar and battery market in Greece is poised
for solid growth, and the technologies will play a critical role in
decarbonizing and strengthening the country’s power grid,” said
Dave Ranhoff, chief commercial officer at Enphase Energy. “The
launch of IQ8 Microinverters and IQ Batteries in Greece adds to
Enphase’s growing footprint in Europe. We appreciate the support
from our new installer partners in Greece to bring reliable and
intelligent energy solutions to homeowners across the country.”
Distributors and installers in Greece can order IQ8
Microinverters and IQ Batteries starting today. For more
information on Enphase in Greece, 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 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 X (formerly Twitter).
© 2023 Enphase Energy, Inc. All rights reserved. Enphase, the
"e" logo, IQ, IQ8, and certain other marks listed at
https://enphase.com/trademark-usage-guidelines are trademarks or
service marks of Enphase Energy, Inc. in the United States 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 in Greece; and expectations regarding
the growth in deployments of solar-plus-battery storage systems in
Greece. 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
Enphase Energy (NASDAQ:ENPH)
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