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 Enphase has
expanded its global relationship with renewable energy company
BayWa r.e., a leading global developer and solar photovoltaic (PV)
distributor, to distribute Enphase’s IQ7™ family of microinverters
and IQ™ Batteries in Germany and Benelux.
“We have enjoyed a long partnership with Enphase and are pleased
to join forces with the company to expand our product portfolio by
distributing its solar and battery products in Germany,” said
Alexander Schütt, managing director at BayWa r.e. Solar Energy
Systems GmbH. “The German solar and battery market is rapidly
growing, and demand is accelerating. Some of the key reasons we
offer Enphase products to our customers include their ease of
installation, reliability, safety, and excellent performance.”
“We are pleased to expand our global distribution
relationship with BayWa r.e. in Germany and the Benelux countries,”
said Dave Ranhoff, chief commercial officer at Enphase
Energy. “At Enphase, we place great importance on our
distribution strategy, partnering with an exceptional organization
such as BayWa r.e. that has the capability to support a
sophisticated installer network. This is also great news for
installer customers growing their business in these rapidly growing
markets as they can now have more access to Enphase
microinverter-based solar and battery systems with their
unparalleled safety, simplicity, and reliability."
“We have been selling Enphase’s IQ7 family of microinverters in
Benelux since 2021 and began selling IQ Batteries this year,” said
Thomas Lechat, managing director at BayWa r.e. Solar Systems
s.a.r.l. “Our customers value Enphase products’ ease of
installation, reliability, and superior customer service, and are
increasingly looking to electrify their lives with full home energy
management solutions.”
IQ7, IQ7+™, and IQ7A™ Microinverters leverage Enphase’s unique
software-defined architecture and semiconductor integration for
excellent reliability and economies of scale. Enphase
microinverters are subjected to a rigorous reliability and quality
testing regimen with more than one million hours of cumulative
power-on testing, in the aggregate, to ensure exceptional
performance under heat, high humidity, salty air, and extreme cold.
Enphase’s microinverters are designed to be long-lived energy
assets and are backed by a 25-year limited warranty in the European
Union.
Enphase delivers a safe solar-plus-battery solution that does
not expose installers or homeowners to high-voltage
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 Enphase IQ
Batteries accommodate over-the-air software upgrades and come with
a 10-year limited warranty. When used with third-party solar
inverters, the Enphase® App will display essential
data featuring the solar production for the system, to help meet
installer and homeowner needs for a safe and reliable all-in-one
home energy solution.
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 48
million microinverters, and over 2.5 million Enphase-based systems
have been deployed in more than 140 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, IQ7, IQ7+, IQ7A, Enphase App, 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.
About BayWa r.e. AG (BayWa r.e.)
At BayWa r.e. we r.e.think energy - how it is produced, stored
and can be best used to enable the global renewable energy
transition that is essential to the future of our planet.
We are a leading global developer, service supplier, distributor
and solutions provider and have brought over 4.5 GW of energy
online and manage over 10 GW of assets. We are also an Independent
Power Producer with an expanding energy trading business.
BayWa r.e. works with businesses worldwide to provide tailored
renewable solutions. Operating 100% carbon neutral, we are also
committed to our own sustainability journey.
Every day, we are working hard to actively shape the future of
energy in a diverse, equitable and inclusive workplace.
Our shareholders are BayWa AG, a €19.8 billion global business,
and Energy Infrastructure Partners, a leader in energy
infrastructure investment.
For more information, visit
https://solar-distribution.baywa-re.de and follow the company
on Facebook, LinkedIn and Instagram.
Forward-Looking Statements
This press release may contain forward-looking statements,
including statements related to the expected capabilities and
performance of Enphase’s technology and products, including safety,
quality and reliability; the availability and market adoption of
Enphase products; and market demand for residential solar and
battery deployments. 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 June 30, 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
https://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
Enphase Energy (NASDAQ:ENPH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Enphase Energy (NASDAQ:ENPH)
Historical Stock Chart
From Jul 2023 to Jul 2024