Enphase Energy has launched its seventh-generation ‘Enphase IQ’ microinverters for the Enphase Home Energy Solution with ‘IQ’. The ‘Enphase IQ 7 Micro’ and ‘Enphase IQ 7+ Micro’ are designed for worldwide markets and have started shipping to distributors in the United States. Enphase IQ 7 microinverters will continue to be phased into markets around the world through the first half of 2018.
Leading PV microinverter supplier Enphase Energy has appointed current COO, Badri Kothandaraman as its new president and CEO, after the sudden departure of long-term CEO, Paul Nahi in early August, 2017.
PV company JinkoSolar announced Tuesday that it has launched its new Eagle AC — an integrated product featuring JinkoSolar's high-efficiency monocrystalline PERC PV module and the IQ6 Microinvter from Enphase Energy.
Leading PV microinverter supplier Enphase Energy reported a strong rebound in sales and shipments, which hit a new record in the second quarter of 2017, yet losses continue and its founding CEO, Paul Nahi announced his resignation from the company.
LG Electronics USA has launched the ‘NeON’ 2 ACe module in collaboration with Enphase Energy at Intersolar 2017. The high-efficiency AC module uses Enphase’s latest IQ6 microinverter technology, which integrated at the module assembly stage is designed to reduce installation time by half, compared with conventional modules, while offering cutting-edge technology.
PV inverter manufacturers SMA Solar, SolarEdge and Enphase have all recently reported first quarter 2017 financial results. As already highlighted by PV Tech, US residential PV installers have reported softer than normal sales in the quarter and dependence on the US market for SMA Solar and Enphase, coupled to continued pricing pressure took a toll on revenues.
Leading PV microinverter producer Enphase Energy said it would reduce its workforce by 18% as the company struggles to regain profitability. The company had previously announced an 11% cut in jobs in September, 2016.