Leading PV microinverter manufacturer Enphase Energy has expanded in India by adding Sun-AP Ecopower and Redington as two new distribution partners and establishing a presence in Chennai by appointing a strategic account manager.
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.
Microinverters and power optimisers have become increasingly common features of smaller PV systems. Sara ver Bruggen reports on the technologies’ gradual transition into larger commercial and utility-scale applications.
In PV Tech’s second Solar Power International (SPI) 2016 new product round up several companies have taken a more holistic or scattergun approach to new product announcements, whereby a number of things, like the IoT (Internet of Things) are showcased, rather than a single product.
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.
Ahead of Intersolar North America the rare chance to visit microinverter pioneer Enphase Energy, based about an hour’s drive north of San Francisco in Petaluma, California was not something to turn down, despite a 7am start and a 10-hour plus flight the day before.
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.
Microinverter producer Enphase Energy reported US$64.1 million in revenue on sales of 143MW (AC) or 611,000 microinverters in the first quarter of 2016 as aggressive pricing boosted shipments by 11% but impacted margins and profitability in the seasonally slower quarter.
PV microinverter manufacturer Enphase Energy has cited 2015 as a challenging year for the company, which reported a full-year GAAP net loss of US$22.1 million on revenue of US$357.2 million, compared to US$343.9 million in 2014, a 4% increase.