What we think about Enphase (ENPH)
Founded in 2006, Enphase Energy produces a fully integrated solar-plus-storage solution, powering homes and small businesses in over 145 countries.
The company is one of the world’s leading manufacturers of microinverters. Microinverters are a critical component of a solar energy system, converting direct current (DC) electricity generated from solar panels into alternating current (AC) electricity, which can be used to power homes and businesses. Enphase’s microinverters are compatible with virtually all solar panel makes and models, giving customers great flexibility when specifying or upgrading an installation.
The company released its first range of batteries in 2016 and is now deploying the third generation of its storage product, which enables homeowners to upgrade their home solar systems with a reliable battery solution that reduces their electricity bills and helps mitigate the impact of grid blackouts (in 2021, the US power grid was impacted by multiple periods of severe weather, with the average household experiencing seven hours and 20 minutes without power).
Enphase’s latest generation of technology enables utility companies to create ‘Virtual Power Plants’, with distributed power generation and storage that creates better grid stability, improved efficiency, and a significant decrease in greenhouse gas emissions by enabling higher penetration of renewable energy sources into the energy mix. Pilot programmes are being run in eight states.