Enphase expects the volume of business generated to rise again for the April-June period, accompanied by another bump in battery shipments.
A recent offering of 2 million shares at $295 arms the company with capital for “acquisitions and general corporate purposes.” Philip Shen, managing director, ROTH Capital Partners said in an industry note the offering was “well timed,” reiterating a buy rating.
Microinverter provider Enphase entered an agreement with Swell Energy to participate in distributed virtual power plants in California, New York, and Hawaii.
Semper Solaris will install Enphase’s IQ microinverters and batteries. The microinverters have the ability to island the home off-grid in the case of a power outage.
Also on the rise: Enel project joins portfolio of energy + storage installations in Texas. ESS microgrid to provide critical backup to fire-prone region of California. AES acquires Community Energy Solar, bringing U.S. pipeline to more than 40 GW.
Rebates are offered to home battery-owning customers who share data or dispatch power during peak hours.
A quarterly update top-loaded with promising business growth in the company’s residential segment revealed commercial and industrial operations supplied an $8 million loss to the three-month figures, with supply chain issues and project timetables blamed.
Also on the rise: SEIA fires back at A-SMACC’s antidumping tariff request, and Enphase launches a microinverter line for microgrids.
The IQ8 solar microinverters are capable of forming a microgrid during a power outage using only sunlight, providing backup power without a battery. The systems also allow any size Enphase battery to be paired with a solar system.
Solar panels get all the attention due to their good looks, but it’s the inverters that hold all the brains behind your system. Here’s what you need to know.
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