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.
The company appears to be making progress with its restructuring, as it continues to launch increasingly sophisticated home energy solutions.
SMA America has launched its new Power+ Solution, combining the Sunny Boy US inverter with the TS4-R Module Level Power Electronics (MLPE) platform, to optimize residential PV systems and ensure higher energy yields.
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.
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