Sunday Nov 27, 2022

Enphase Energy Expands Battery Storage in Rhode Island – Yahoo Finance

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Enphase Energy, Inc.

FREMONT, Calif., July 11, 2022 (GLOBE NEWSWIRE) — 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 Rhode Island have seen growing deployments of Enphase Energy Systems powered by IQ® Microinverters and IQ™ Batteries as increasingly common hurricanes and extreme weather leave homeowners highly vulnerable to power outages.

Residential battery capacity in Rhode Island is increasing year-over-year with forecasts estimating deployments will more than quadruple by the end of 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie.

“With their premium performance, Enphase Energy Systems unlock more energy independence and value for homeowners,” said Hyrum Bond, owner at Rooftop Power, an Enphase Gold level installer. “We’re seeing an increasing number of homeowners in Rhode Island choose to pair IQ Batteries with solar to further maximize their solar systems and provide more peace of mind.”

Homeowners in Rhode Island can now also choose to install Enphase’s IQ8™ Microinverters. IQ8 microinverter-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 Enphase IQ Batteries 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 shares our company values of customer first,” said Jay Gotra, chief executive officer at Smart Green Solar, an Enphase Silver level installer. “I value how focused the company is on a superior customer experience. I would not trust any other brand for our customers solar and battery technology needs. New England homeowners living near the coast have come to expect the threat of hurricanes and power outages every year, but with Enphase products, our customers can sleep sound knowing they have one of the safest and most reliable backup solutions on the market.”

Rhode Island homeowners in National Grid territory can also earn around $1,500 per year depending on the battery system and setting, by enrolling their Enphase IQ Batteries in the ConnectedSolutions program. Through the ConnectedSolutions program, homeowners are compensated for allowing their batteries to discharge during peak demand events to help stabilize the grid.

“The sun is all that is needed to increase energy resilience and power home essentials when the grid is down,” said Mike Sullivan, director of operations at NEC Solar, an Enphase Silver level installer. “Our customers with IQ Batteries are also excited to participate in ConnectedSolutions to help support the grid while continuing to have backup power and peace of mind.”

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 …….

Source: https://finance.yahoo.com/news/enphase-energy-expands-battery-storage-120000407.html

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