Enphase Surpasses 1GW of Microinverter System Shipments, Expands With New Products

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Enphase reaches a company milestone of 1GW (AC) of its microinverters shipped worldwide to date, and announces the expansion of the Enphase System with new hardware and software products that lower solar system installation and operations costs.

Enphase Energy (Nasdaq: ENPH) has announced the expansion of the Enphase System with new hardware and software products that lower solar system installation and operations costs. New hardware includes a Wi-Fi option for the Envoy Communications Gateway and M215 Microinverter with Integrated Ground for faster and more flexible installs. In addition, new Enlighten software products, MyEnlighten and Enlighten Manager, are now available to improve the solar consumer’s experience and the installer’s management of their fleet of systems.

“With the addition of these new products, we continue to simplify the installer experience with Enphase’s innovative microinverter system,” said Paul Nahi, CEO of Enphase Energy. “Combined with the recent launch of our fourth-generation M250 Microinverter, our position as the leader in microinverter systems has never been stronger.”

Enphase also announced a company milestone of 1GW (AC) of its microinverters shipped worldwide to date. The company launched its first-generation microinverter system in North America in 2008. In five years the company has brought to market three succeeding technology generations while also expanding internationally.

In November Enphase won the fastest-growing clean technology company award out of all listed clean technology companies in Deloitte’s Technology Fast 500. From 2008 to 2012, the company grew 12,890%. The company was ranked 14 overall out of the 500 companies listed.

During Q4 2013, the company shipped 107MW (AC) of microinverter systems — an increase of 14% compared to Q3 2013, and an increase of 30% year-over-year.

“We continued to see very strong business momentum during the fourth quarter, mainly driven by a healthy residential solar market in the U.S.,” said Enphase CEO Paul Nahi. “During the fourth quarter, shipments exceeded 100MW of microinverter systems for the first time, marking another record quarter.” 

Enphase reported in November that it expected revenue during the fourth quarter of 2013 to be within a range of $62 million to $65 million. As a result of the strong business momentum, the company said in a statement that it currently expects revenue for the fourth quarter of 2013 to be within a range of $66 million to $67 million. The company will release financial results for the fourth quarter of 2013 and full year 2013 in late February 2014.