Enphase continues impressive growth
Enphase Energy has announced a company milestone of 1GW (AC) of Enphase Microinverters shipped worldwide to date. In 2008, the company launched its first-generation microinverter system in North America. In five years the company has brought to market three succeeding technology generations while also expanding internationally.
During the fourth quarter of 2013, Enphase shipped 107MW (AC) of microinverter systems. This is an increase of 14 percent compared to the third quarter of 2013 and an increase of 30 percent 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 Paul Nahi, CEO of Enphase. "During the fourth quarter, shipments exceeded 100MW of microinverter systems for the first time, marking another record quarter."
Enphase previously announced on November 5, 2013, 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, Enphase currently expects revenue for the fourth quarter of 2013 to be within a range of $66 million to $67 million.
Enphase Energy has also 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 further 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."
A Wi-Fi option for greater flexibility when choosing where to locate the Envoy Communication Gateway has been introduced. This new option simplifies connectivity of Enphase Microinverters to Enlighten's web-based software when there is a wireless router on premise.