Leading PV microinverter supplier Enphase Energy reported a strong rebound in sales and shipments, which hit a new record in the second quarter of 2017, yet losses continue and its founding CEO, Paul Nahi announced his resignation from the company.
LG Electronics USA has launched the ‘NeON’ 2 ACe module in collaboration with Enphase Energy at Intersolar 2017. The high-efficiency AC module uses Enphase’s latest IQ6 microinverter technology, which integrated at the module assembly stage is designed to reduce installation time by half, compared with conventional modules, while offering cutting-edge technology.
PV inverter manufacturers SMA Solar, SolarEdge and Enphase have all recently reported first quarter 2017 financial results. As already highlighted by PV Tech, US residential PV installers have reported softer than normal sales in the quarter and dependence on the US market for SMA Solar and Enphase, coupled to continued pricing pressure took a toll on revenues.
Global energy technology company Enphase Energy and residential solar company Sunnova announced a partnership Wednesday that will make Enphase the preferred provider of inverters for Sunnova.
Leading PV microinverter producer Enphase Energy has continued a recent round of fund raising with a US$10 million private placement from two Silicon Valley veterans.
In this week's Movers & Shakers, PV Tech focuses on employment news within German and US energy companies; featuring energy storage, solar cell manufacturing and EPC.
Leading microinverter producer Enphase Energy reported a 10% increase in shipments in the third quarter of 2016 as revenue reached US$88.7 million, just shy of the low-end of revenue guidance.
Microinverter producer Enphase Energy said it was restructuring due to the competitive environment with the loss of approximately 11% of its global workforce and the elimination certain non-core but unspecified projects.
