SMA will supply the residential solar company with inverters to accompany solar PV and storage, but details are sparse.
The microinverter specialist posted losses of $7 million in the third quarter but did manage to increase its revenue sequentially by 3% to $77 million.
Saying the company failed to provide sufficient evidence to support any of its claims, a court refused to grant a preliminary injunction to stop Enphase from running the advertisement in question.
In a move that caught some by surprise, the third member of the founding team at Enphase said he felt it was time for a new CEO to continue its global growth. The company expects to name a new CEO by Aug. 31.
The company credited shipments of nearly 2 million optimizers and 75,000 inverters, along with increased sales in Europe, for the increase.
The court rejected SolarEdge’s request for a temporary restraining order but did order an expedited schedule to hear whether the company should get a preliminary injunction to stop Enphase from running the videos.
Two industry powerhouses join forces to combine their experience to maximize up-time for Cypress’ ever-expanding portfolio.
Deal sees the U.S. microinverter specialist license its marketing, sales and manufacturing rights to Flextronics, one of the world’s largest global electronics manufacturers and a longstanding partner of Enphase.
The company shipped 455 MW-AC of inverters from January through March and predicted revenues for Q2 to be within the range of $120 million to $130 million.
It’s the first residential inverter to achieve UL 1741 SA (Supplement A) listing, which has been mandated by California and Hawaii for compliance in September 2017.
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