Enphase Energy Expands IQ8 Microinverter Deployments in New York
June 16 2022 - 8:00AM
Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology
company and the world's leading supplier of microinverter-based
solar and battery systems, announced today that installers of
Enphase® products in New York have seen growing deployments of
Enphase Energy Systems powered by IQ8™ Microinverters
following the product’s launch in North America late last year. IQ8
Microinverters paired with Enphase’s industry leading
IQ™ Batteries give homeowners more energy security as
increasingly common heat waves and other natural disasters strain
the grid.
According to the most recent U.S. Solar Market Insight report
from Wood Mackenzie and the Solar Energy Industries Association,
residential solar deployments in New York are predicted to reach
nearly 150 MW in 2022, with growth expected to more than double
over the next decade. Additionally, residential battery capacity in
New York is increasing steadily year-over-year with forecasts
estimating deployments will grow nearly five-fold by the end of
2026, according to the most recent U.S. Energy Storage Monitor
report from the Energy Storage Association and Wood Mackenzie.
“As summer heatwaves and the potential for power outages loom,
New York homeowners can find support with reliable backup power and
clean energy technology from Enphase,” said Scott Maskin, founder
and chief executive officer at SUNation Solar Systems, an Enphase
Gold level installer. “IQ8 Microinverters and IQ Batteries power
one of the highest performing and most customizable home energy
systems available, allowing us to tailor the system to the specific
energy needs of each customer.”
Enphase’s revolutionary IQ8-based systems can provide Sunlight
Backup™ functionality during an outage, even without a battery. For
homeowners who want battery backup, there are no sizing
restrictions on pairing Enphase IQ Batteries with IQ8
Microinverters. In addition, with the Sunlight Jump Start™ feature,
IQ8 Microinverters can restart a home energy system using sunlight
only after prolonged grid outages that may result in a fully
depleted battery. This eliminates the need for a manual restart of
the system and gives homeowners even greater resilience. Enphase
IQ8 solar microinverters come with a 25-year limited warranty.
“IQ8-based energy systems from Enphase offer a distinct
advantage over conventional solar systems without battery storage,
as the Enphase system can continue operating when the grid is
down,” said Achilles Tzoulafis, owner of Infinity Energy, an
Enphase Gold level installer with operations in New York and New
Jersey. “Homeowners can also add an IQ Battery to help take even
more control of their energy generation and consumption.”
“We aim to bring peace of mind to homeowners regarding power
outages by providing Enphase Energy Systems,” said Carlo Lanza,
president and founder at Harvest Power, an Enphase Gold level
installer. “IQ8 Microinverters eliminate the sizing restrictions
when pairing solar with home batteries and can even eliminate the
need for a battery at all. This next-generation technology enables
flexible, customizable home energy solutions to meet the growing
demand in New York.”
The IQ8 Microinverter system is the first in the world to be
certified by UL, a global safety science leader, for the new North
American safety and grid interconnection standards for connecting
solar inverters, energy storage systems, and distributed energy
resources to the grid. Enphase’s IQ8 Microinverters, paired with
the IQ™ Combiner 4/4C and IQ™ Gateway, create the first complete
residential DER system certified by UL.
“We’re seeing growing interest in IQ8-based Enphase Energy
Systems across the United States driven by rising utility rates and
the desire for more energy independence,” said Dave Ranhoff, chief
commercial officer at Enphase Energy. “Enphase is grateful to its
installers in New York who work tirelessly to deliver leading home
energy management solutions to homeowners across the state.”
For more information about Enphase IQ8 Microinverters and IQ
Batteries, please visit the Enphase website.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in
Fremont, CA, is the world's leading supplier of microinverter-based
solar and battery systems that enable people to harness the sun to
make, use, save, and sell their own power—and control it all with a
smart mobile app. The company revolutionized the solar industry
with its microinverter-based technology and builds all-in-one
solar, battery, and software solutions. Enphase has shipped more
than 45 million microinverters, and over 2.0 million Enphase-based
systems have been deployed in more than 135 countries. For more
information, visit https://www.enphase.com and follow the
company on Facebook, LinkedIn and Twitter.
© 2022 Enphase Energy, Inc. All rights reserved. Enphase, the
"e" logo, IQ, IQ8, Sunlight Backup, Sunlight Jump Start, IQ
Combiner, IQ Gateway, and certain other names and marks are
trademarks of Enphase Energy, Inc. Other names are for
informational purposes and may be trademarks of their respective
owners.
Forward-Looking Statements
This press release may contain forward-looking statements,
including statements related to the expected capabilities and
performance of Enphase Energy’s technology and products, including
safety, quality and reliability; the availability and market
adoption of Enphase products; market demand for residential solar
and battery deployments; and growth in deployments of Enphase
Energy Systems. These forward-looking statements are based on
Enphase’s current expectations and inherently involve significant
risks and uncertainties. Actual results and the timing of events
could differ materially from those anticipated in such
forward-looking statements as a result of certain risks and
uncertainties, including those risks described in more detail in
Enphase’s most recently filed Quarterly Report on Form 10-Q for the
quarter ended March 31, 2022, its Annual Report on Form 10-K for
the year ended December 31, 2021 and other documents on file with
the SEC from time to time, which are available on the SEC’s website
at https://www.sec.gov/. Enphase Energy undertakes no duty or
obligation to update any forward-looking statements contained in
this release as a result of new information, future events, or
changes in its expectations, except as required by law.
Contact:
Enphase Energy press@enphaseenergy.com
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