Enphase Q4 revenues drop 35% in U.S. and 70% in Europe
Reduced demand and reduced shipments due to high unsold inventory at distributors cratered the company’s revenues in its Q4 2023 report.
Homeowners improve solar plus battery payback period with virtual power plants
Virtual power plants (VPP) coordinate home energy resources, dispatching power to the grid at key times of high electricity demand in exchange for compensation.
Who’s on top of the residential solar-plus-storage market?
Wood Mackenzie’s new leaderboard ranks battery manufacturers and solar-plus-storage installers. Recent findings show that three companies have held 80% of the market since 2018, but that tide is turning as new providers enter the growing market.
Enphase to lay off 10% of workforce
The company is also shutting down contract manufacturing in the U.S. and Romania.
Sunrise brief: Enphase launches three-phase inverter for commercial market
Also on the rise: SMA to build 3.5 GW inverter factory in U.S. Residential air source heat pump for cold climates. And more.
Sunrise brief: U.S. adds 33 GW of solar in 2023
Also on the rise: 2024 will be a year of recovery for residential solar, says Enphase co-founder. Largest solar installation in Mississippi begins operations. And more.
Enphase co-founder: “2024 will be a year of recovery for residential solar”
Raghu Belur, co-founder and chief products officer of Enphase joined pv magazine USA to provide an outlook for 2024.
Enphase launches commercial scale microinverter
The IQ8-3P solar microinverter enables peak power output of up to 480 W.
SolarEdge tumbles on significantly reduced Q4 outlook
The solar inverter provider expects Q4 revenues to be less than half of the $725 million reported in Q3.
Sunrise brief: Advancing iron and salt batteries with $8 million in seed funding
Also on the rise: Enphase stock slides on weakened demand, significantly lowered Q4 guidance. DOE requests input on draft roadmap to fix utility-scale interconnection. And more.
