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 Jersey 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 resilience as
experts predict an above-normal Atlantic hurricane season this
year.
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 Jersey are predicted to reach
over 134 MW in 2022, representing growth over the last decade of
more than 200 percent. Additionally, residential battery capacity
in New Jersey is increasing steadily year-over-year with forecasts
estimating deployments will grow more than three-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.
“Homeowners in New Jersey that are making the switch to solar
are looking for overall value, including energy savings,
sustainability, and resilience,” said Eric Yablonsky, president at
Powerlutions, an installer of Enphase products. “As an installer
committed to excellence, we’re proud to offer our customers the
highest value with the IQ8-based Enphase Energy System that unlocks
value from the sun, even when the grid is down, with or without a
battery.”
“With increasingly common extreme weather scenarios resulting in
power outages, our customers in New Jersey, Pennsylvania, and
Connecticut are looking for a high-performance and dependable
solution that allows them to power their lives independent from the
grid,” said Eric Dornfeld, president at Green Power Energy, an
installer of Enphase products. “The IQ8 Microinverter has the
unique ability to create its own microgrid which gives homeowners
the ultimate peace of mind. Enphase is powering the next-generation
of clean energy and backup power for our customers."
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.
“Enphase offers the full suite of home energy technology that
make up the industry’s leading comprehensive solution for
homeowners to add long-term value and sustainability to their
properties,” said Christopher Poole, chief financial officer at EMT
Solar, an installer of Enphase products. “Now with IQ8
Microinverters, investing in a solar and battery storage system
from Enphase gets homeowners solar-powered backup for extra
resilience in the event of a grid outage.”
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.
“Enphase is proud to work with New Jersey’s leading installers
to meet the growing demand for solar and battery backup systems,”
said Dave Ranhoff, chief commercial officer at Enphase Energy. “As
we continue our dedication to an excellent customer experience,
including superior service, we’re working with our installer
network in the state to help more homeowners and businesses ensure
energy independence and leverage the full potential of solar to
provide uninterrupted power supply.”
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 48 million microinverters, and over 2.5 million Enphase-based
systems have been deployed in more than 140 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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