Enphase Energy

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Smart Homes: Energy & Water Solutions?
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Renewable home energy generation, Home energy storage, Home energy monitoring and management
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Enphase Energy is a global energy technology company headquartered in Fremont, California. It is the world's leading supplier of microinverter-based solar and battery systems that enable homeowners and businesses to generate, use, store, and sell their own power. Enphase's core technology is a series of microinverter-based systems that have revolutionized energy management across more than 145 countries.

The company's flagship product is the IQ8 Microinverter Series, launched in late 2022. These microinverters convert the direct current (DC) electricity produced by solar panels into alternating current (AC) for powering homes and businesses. Enphase recently started shipping IQ8 Microinverters for residential (IQ8HC-72-M-US) and commercial (IQ8P-3P-72-M-US) applications from manufacturing partners in the US as of July 2024. The IQ8 Series offers innovative features like Sunlight Backup, allowing systems to provide backup power during outages without batteries, and Sunlight Jump Start for restarting after prolonged grid failures.

Other key Enphase products include the IQ Batteries, which provide home energy storage, and the IQ Gateway for monitoring and managing systems. As of July 2024, Enphase had shipped approximately 75 million microinverters worldwide. Its microinverter systems are known for their high reliability, efficiency, and safety, backed by industry-leading 25-year warranties.

Enphase adopted a US-based manufacturing strategy in 2023, opening production facilities in South Carolina and Texas to meet rising demand and leverage the Inflation Reduction Act's incentives. In July 2024, the company launched its first U.S-made commercial microinverters from Texas. Enphase was previously acquired by Flex Ltd. in May 2022.

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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Bayside Pkwy., Fremont California Fremont CA USA
Founded year:
2006
Employees:
251-500
IPO status:
Public
Total funding:
USD 116.0 mn
Last Funding:
USD 10.0 mn (Post IPO Equity; Jan 2017)
Last valuation:
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