Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, is expanding its footprint in Europe. The company recently announced its entry into the solar markets of Sweden and Denmark through an expanded partnership with the German-based climate tech startup, 1KOMMA5°. This collaboration aims to introduce Enphase® Energy Systems™ powered by IQ8™ Microinverters and IQ™ Batteries to the Scandinavian countries.
Enphase and 1KOMMA5° had previously joined forces to extend Enphase’s presence in Germany and other European markets in 2022. Now, the partnership will bring Enphase's industry-leading technology to homeowners in Sweden and Denmark, offering an integrated solution that seamlessly integrates with 1KOMMA5°'s proprietary energy IoT system called Heartbeat. These systems will also become part of the virtual power plant managed by 1KOMMA5°.
Enphase's IQ8 Microinverters are designed to manage a continuous DC current of 14 amperes and support the latest higher-powered solar modules to maximize energy production. With peak output powers ranging from 330VA to 384VA, these microinverters can pair effectively with a wide range of solar modules, providing homeowners with flexibility in their solar installations. Moreover, all IQ8 Microinverters activated in Denmark and Sweden come with a 25-year limited warranty, ensuring long-term reliability.
The Enphase Energy System, complemented by IQ Batteries, offers homeowners a range of configurations, from 3.5kWh to an aggregate 42kWh. This system can be upgraded throughout its lifetime, allowing homeowners to adapt to their changing energy needs. Enphase's IQ Batteries are based on Lithium Iron Phosphate (LFP) battery chemistry, offering a long cycle life and excellent thermal stability. They also support over-the-air software upgrades to enhance longevity and come with a 15-year limited warranty in select European countries, including Sweden and Denmark.
Dave Ranhoff, Chief Commercial Officer at Enphase Energy, expressed enthusiasm about expanding the partnership with 1KOMMA5°, stating, "The rollout of IQ8 Microinverters and IQ Batteries will give homeowners resilient, reliable, and safer energy solutions, backed by a comprehensive warranty with full 24x7 customer support for an exceptional customer experience."
The move into Sweden and Denmark marks a significant step in Enphase Energy's commitment to providing innovative solar and battery solutions to a broader international audience, helping homeowners harness renewable energy to power their lives.
Source: globenewswire.com