The solar microinverter and battery energy storage provider released updates to its product suite to maximize returns under the new net metering rates regime in California.
The microinverter provider is slipping in share price as revenues dip. It announced a $1 billion stock buyback program.
Also on the rise: Michigan energy storage bills can serve as a model for the nation. DOE announces $45 million for pilot manufacturing of solar components. And more.
President Biden delivered a speech celebrating the $500 billion in recent private investment in U.S. manufacturing. Solar inverter manufacturer Enphase announced its first shipments from a U.S. contract manufacturing facility, owned and operated by Flex.
The IQ Battery 5P works in conjunction with the Enphase Energy System and can be configured for self-consumption, savings, or full backup functionality.
An industry survey led by SolarReviews and NABCEP found two-thirds of solar installers expect high electricity prices to drive demand.
Management sees NEM 3.0 changes as a net positive for California and expects strong demand for solar-plus-storage in coming quarters, with installers likely taking another four months of training for integrated systems.
The strategic relationship with Lumio will amplify the impact and distribution of Enphase Energy Systems, providing homeowners more access to sustainable and grid-independent power sources.
Also on the rise: Wisconsin utility decision could spur more rooftop solar development. 50 states of solar incentives–Oklahoma. And more.
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