Enphase Energy ($ENPH) Announces 10% Increase in Demand for IQ8 Microinverters
FREMONT, Calif., February 27, 2023 (Newswire.com) - Enphase Energy (NASDAQ: ENPH) has announced that the company is experiencing growing demand for its IQ8 Microinverters in Pennsylvania.
The state's projected growth in residential solar and battery deployments underscores a need for reliable and resilient energy solutions. Enphase Energy's IQ8-based systems offer Sunlight Backup™ functionality and Sunlight Jump Start™ feature, ensuring energy resilience even during prolonged grid outages.
According to the U.S. Solar Market Insight report, residential solar deployments in Pennsylvania are set to reach approximately 77 MW in 2023, a 10 percent increase from the previous year. In addition, residential battery deployments in Pennsylvania are expected to grow over threefold by 2026.
Dave Ranhoff, chief commercial officer at Enphase Energy, stated: "Our industry-leading platform solutions, together with 24x7 service and support, provide more energy security, sustainability, and peace of mind for homeowners seeking to electrify their lives."
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.
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Source: Green Stock News