Raghu Belur who helped direct microinverter leader Enphase Energy for nearly two decades, sees today’s volatile U.S. solar policy and industry conditions as mere speed bumps in the irrepressible spread of solar.
Local installers and their customers can access advocacy groups to tell the stories of the benefits of solar including how it cuts energy costs and builds resilience while also providing jobs and driving profit.
The solar microinverter and battery energy storage provider posted revenue of $356.1 million, falling slightly short of expectations.
Also on the rise: Wyoming legislation attacks net metering, small-scale solar. Enphase full-year revenues down 42%. And more.
Enphase annual revenues declined amid an overall downturn in the residential solar market. The company improved its margins and significantly expanded U.S. manufacturing.
Also on the rise: Software is the future of solar. Enphase IQ8 microinverters are now Build America, Buy America compliant. And more.
Enphase microinverters made at its U.S. contract manufacturing facilities used in federal infrastructure projects are now eligible for participation in programs including the Solar for All initiative.
Enphase Energy has released new software to help homeowners install larger solar and battery systems without major electrical panel upgrades. It uses real-time measurements from current transformers to make immediate decisions.
The solar microinverter provider introduced a 1500 Wh portable battery bank.
Enphase Energy says it plans to restructure its operations, reducing its global workforce by 17% – about 500 employees and contractors – and closing its contract manufacturing site in Mexico.
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