Leading microinverter firm Enphase Energy reported second quarter 2016 shipments up 30% and revenue 24% higher than the prior quarter as its strategy to offer more competitive pricing enabled by progressive product cost reductions, regained lost customers and market share across multiple regions.
Global shipments of PV inverters will reach 90GW by 2020, valuing at more than US$7.1 billion, according to GTM Research’s latest report, 'The Global PV Inverter and MLPE Landscape 2016'. This represents an average annual growth rate of 11% between 2016 and the end of the decade.
Microinverter maker and energy management specialist Enphase has started taking orders from installers for its AC battery for home PV systems in Australia and New Zealand, with shipments to start arriving in August 2016.
PV microinverter producer Enphase Energy has secured more than 20MW of orders with long-standing customer, Spruce Finance for its owned and operated residential solar systems in the US.
Tigo Energy has showcased its TS4 platform that is claimed to be the world's first junction box (JBox) platform to offer customers different functionalities, replacing the traditional JBox, dependent on budget considerations.
PV inverter manufacturer SolarEdge Technologies has reported record high fiscal first quarter revenue of US$115.1 million, up 16.9% from the previous quarter and 71.8% year-over-year.
