The Enphase IQ microinverter is around 30% lighter than previous iterations and will serve to usher in Enphase Energized AC Modules to the U.S. residential solar sector.
The Chinese solar company shipped 5,232 MW in 2016 but saw its revenue fall from $3.5 billion in 2015 to $2.8 billion last year as the global price squeeze on solar modules hit the firm’s bottom line.
The growing demand for affordable electric vehicle batteries is driving cost reductions in lithium-ion battery technology, which is beneficial for affordable stationary storage, according to a new Lux Research report.
Production at the InnovationHub expected to commence in the second quarter of the year, the German storage specialist confirmed. Facility combines sonnen’s U.S. manufacturing operations and product research capabilities.
Israeli module level power electronics firm posts highest gross margin to date despite slowdown in U.S. residential market, which remains the firm’s chief revenue stream.
The German-headquartered solar power company posts year-on-year revenue and shipment increases of 5% and 19%, vows to strengthen competitiveness in 2017 with focus on monocrystalline high-efficiency products. Jobs will be lost along the way, however.
Data from Bloomberg New Energy Finance reveals total of $834 million steered towards the global clean energy industry last year, marking the third consecutive annual increase.
Around 75 jobs will be lost during the microinverter specialist’s restructuring drive, which reflects increased price pressure across the segment, both globally and in the U.S.
SEC filing outlines proposed changes, described by company CEO Paul Nahi as “necessary to create path to sustained profitability”. Restructuring will cost estimated $2 million and follows announcement last year of staff losses.
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