Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology
company and the world’s leading supplier of microinverter-based
solar and battery systems, today announced that Vermont-based
utility Green Mountain Power (GMP) will offer Enphase® Energy
Systems to its customers in a cutting-edge battery lease grid
services pilot program. Homeowners can also enroll in GMP’s “Bring
Your Own Device” (BYOD) grid services program, which enables
customers with their own Enphase Energy Systems to participate and
earn an up-front incentive.
The lease program will provide 100 eligible customers with two
Enphase IQ Battery 10 units for $65 per month for ten years, or for
a single payment of $6,500. That cost does not include
installation. Homeowners benefit from reliable backup power, while
also sharing stored energy during times of high demand to help
reduce overall costs for all GMP customers.
Alternatively, homeowners can buy a new Enphase Energy System or
enroll their existing system in GMP’s BYOD program, which doesn’t
have a limit to the number of participants and enables them to earn
money with their Enphase IQ Batteries through a one-time, upfront
incentive. Eligible customers can sign up and monitor participation
in the Enphase® App and will receive an upfront payment of up to
$9,500 with four Enphase IQ Battery 10s. If homeowners are
retrofitting an existing solar system in one of the areas of the
state where battery power is needed most, they may be eligible to
receive an extra $100 per kilowatt. Program participants will be
enrolled for a term of a minimum of ten years.
Enphase is also launching its Grid Services Manager, a
distributed energy resource management system (DERMS) that GMP will
use to manage virtual power plants with Enphase Energy Systems.
Enphase expects to offer this software product for utility grid
managers and distributed energy resource aggregators in the
future.
“We are excited to offer customers another option for storage,
as we create a stronger and more resilient energy system,” said
Josh Castonguay, VP of innovation and engineering at Green Mountain
Power. “Our storage programs are leading the way, helping to cut
carbon and costs for all of our customers. This pilot expands on
our innovative work, allowing for more customers to access storage
technology.”
Vermont homeowners can now also choose to install Enphase’s
revolutionary IQ8™ solar microinverters. IQ8 eliminates sizing
restrictions on pairing an Enphase IQ Battery with the IQ8 solar
system. This allows homeowners flexibility to start small by
backing up essential loads only and then grow their home battery
systems over time to better meet their needs.
"This new battery backup leasing program makes getting an
Enphase Energy System with its exceptional IQ Batteries an even
easier decision for Vermont homeowners,” said Liam Madden, director
of solar energy at HB Energy Solutions. “With the new IQ8
microinverters, our customers will be able to easily expand their
home battery system over time, giving them even more peace of mind
about their energy future. This partnership allows the homeowners,
local contractors, and utilities to use Enphase's state of the art
technology to help create a more reliable, affordable, and cleaner
grid for all of Vermont.”
"We rely on Enphase IQ microinverters for most of our rooftop
solar customers. Bringing the same integrated communications
platform with detailed energy monitoring and solar production
information for each solar panel, and now for energy storage, is
very exciting," said Simon Piluski, founder of Southern
Vermont Solar. "GMP and Enphase are great partners with us in
serving our community's energy needs now and into the future."
“Everyone should have access to home battery systems, and this
new program is helping make the technology more attractive than
ever before for our customers,” said Alex Mintz, CEO at Power Guru.
“Not only do our customers benefit from reliable power using
Enphase IQ Microinverters and IQ Batteries, but all customers also
benefit by taking advantage of clean, local energy from the sun
when it’s needed most.”
“We’re excited to work with GMP and Enphase to help Vermont
homeowners get greater access to home solar and battery
technology,” said James Moore, co-president at SunCommon. “The
Enphase Energy System is a world-class home energy management
solution designed to meet the unique needs of all our customers,
while exceeding their expectations.”
The Enphase IQ Batteries feature Lithium Iron Phosphate (LFP)
battery chemistry, which provides a long cycle life and safer
operation through excellent thermal stability. The batteries are
equipped with Enphase Power Start™ technology, which helps
seamlessly power-up air conditioners and well-pumps. Enphase IQ
Batteries accommodate over-the-air software upgrades and come with
a 10-year limited warranty with an optional 5-year limited warranty
extension available for purchase, while Enphase IQ8 solar
microinverters come with a 25-year limited warranty.
“We’re proud to work with Green Mountain Power on this program
to offer Vermont homeowners Enphase IQ Batteries and IQ
Microinverters,” said Dave Ranhoff, chief commercial officer at
Enphase Energy. “Our industry-leading software and hardware make
building and deploying virtual power plants easier than ever. And
none of this would be possible without the professionalism and
experience of our local installer partners, who all offer a
best-in-class experience for our mutual customers.”
Learn more about Enphase and the Green Mountain Power home
battery grid services programs here.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in
Fremont, CA, is the world's leading supplier of microinverter-based
solar and battery systems that enable people to harness the sun to
make, use, save, and sell their own power—and control it all with a
smart mobile app. The company revolutionized the solar industry
with its microinverter-based technology and builds all-in-one
solar, battery, and software solutions. Enphase has shipped more
than 42 million microinverters, and approximately 1.9 million
Enphase-based systems have been deployed in more than 130
countries. For more information, visit
https://www.enphase.com and follow the company on
Facebook, LinkedIn and Twitter.
© 2022 Enphase Energy, Inc. All rights reserved. Enphase, the
"e" logo, IQ, Power Start, Enphase App, and certain other names and
marks are registered trademarks of Enphase Energy, Inc. Other names
are for informational purposes and may be trademarks of their
respective owners.
Forward-Looking Statements
This press release may contain forward-looking statements,
including statements related to the expected capabilities and
performance of Enphase Energy’s technology, products, and services,
including safety, quality and reliability; the availability and
market adoption of our products and services; market growth;
increased deployments; and the performance by our grid services and
installation partners. These forward-looking statements are based
on Enphase’s current expectations and inherently involve
significant risks and uncertainties. Actual results and the timing
of events could differ materially from those anticipated in such
forward-looking statements as a result of certain risks and
uncertainties, including those risks described in more detail in
Enphase’s most recent Annual Report on Form 10-K and other
documents on file with the SEC and available on the SEC’s website
at www.sec.gov. Enphase Energy undertakes no duty or obligation to
update any forward-looking statements contained in this release as
a result of new information, future events, or changes in its
expectations, except as required by law.
Contact:
Enphase Energy press@enphaseenergy.com
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