Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology
company and the world's leading supplier of microinverter-based
solar and battery systems, announced today that installers of
Enphase® products in Hawaii have seen growing deployments of
Enphase Energy Systems powered by IQ® Microinverters and IQ™
Batteries, as local incentives make solar and battery energy
systems more attractive than ever.
Residential battery capacity in Hawaii, a key growth market for
battery solutions, is increasing steadily year-over-year with
forecasts estimating deployments will triple by the end of 2026,
according to the most recent U.S. Energy Storage Monitor report
from the Energy Storage Association and Wood Mackenzie.
Last year, Enphase announced its participation in Hawaiian
Electric’s (HECO) Battery Bonus grid services program, which offers
financial incentives to HECO customers who add a battery to their
residential solar systems and make it available to the utility
during a fixed two-hour period each day.
“Interest in reliable, clean home solar and battery technology
is taking off as homeowners look to become more energy
independent,” said Mike Tanuvasa, founder at SolarTech Industries,
an Enphase Gold level installer. “The HECO Battery Bonus program
makes installing Enphase IQ Batteries an even easier decision, as
homeowners now get to take advantage of an upfront cash incentive
and have one of the most reliable backup power solutions on the
market.”
Homeowners in Hawaii can now also choose to install Enphase’s
revolutionary IQ8™ Microinverters. IQ8-based systems can provide
Sunlight Backup™ during an outage, even without a battery. For
homeowners who want battery backup, there are no sizing
restrictions on pairing an Enphase IQ Battery with IQ8
Microinverters. In addition, with the Sunlight Jump Start™ feature,
IQ8 Microinverters can restart a home energy system using sunlight
only after prolonged grid outages that may result in a fully
depleted battery. This eliminates the need for a manual restart of
the system and gives homeowners even greater resilience.
“Enphase’s IQ Battery allows our customers to store their own
clean energy so that they can have power even in the event of a
grid outage,” said Regis Brun, owner of Regis Electric, an Enphase
Gold level installer. “The complete Enphase Energy System,
featuring IQ8 Microinverters and IQ Batteries, also enables us to
meet the needs of our growing customer base who want everything
from partial to full energy independence and resilience.”
“In a region with plentiful sunshine, homeowners in Hawaii
should not have to let the solar energy generated from their
residential solar systems go to waste,” said James Rudolph, owner
of Independent Energy. “We’re proud to partner with Enphase to
offer top-quality solar and battery technology, as well as
outstanding customer service to give homeowners an amazing
all-around experience.”
Enphase delivers a safer solar-plus-battery solution that does
not expose installers or homeowners to high-voltage direct current
(DC). 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. The Enphase IQ
Batteries accommodate over-the-air software upgrades and come with
a 10-year limited warranty, while Enphase IQ8 solar microinverters
come with a 25-year limited warranty.
“Hawaii is one of the leading residential battery markets in the
U.S., and we are lucky to be working with some of the best
installers available in the state,” said Dave Ranhoff, chief
commercial officer at Enphase Energy. “We’re thrilled to see a
growing number of homeowners in Hawaii choose Enphase Energy
Systems and will remain laser focused on innovation and customer
service to support continued market expansion.”
For more information about Enphase IQ Batteries and IQ8
Microinverters, please visit the Enphase website.
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 45 million microinverters, and over 2.0 million Enphase-based
systems have been deployed in more than 135 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, IQ8, Sunlight Backup, Sunlight Jump Start, Power
Start, and certain other names and marks are 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 attractiveness of local
incentives; the expected capabilities and performance of Enphase
Energy’s technology and products, including safety, quality and
reliability; the availability and market adoption of our products;
market demand; growth in deployments and the performance by our
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 recently filed Quarterly Report on Form 10-Q for the
quarter ended March 31, 2022, its Annual Report on Form 10-K for
the year ended December 31, 2021 and other documents on file with
the SEC from time to time, which are 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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