Press release
Enphase Energy Expands IQ8 Microinverter Deployments in Puerto Rico
FREMONT, Calif., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of
About this update from Enphase Energy, Inc.
[{"type":"text","content":"FREMONT, Calif., Jan. 12, 2023 (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 Puerto Rico have seen growing deployments of Enphase Energy Systems™ powered by IQ8™ Microinverters. According to the U.S. Solar Market Insight report from Wood Mackenzie and the Solar Energy Industries Association, residential solar deployments in Puerto Rico are forecast to reach over 170 MW in 2023, representing a 300 percent increase over the past three years. Residential battery deployments in Puerto Rico are also expected to grow, with forecasts for battery capacity to approximately double by 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie. “For our customers in Puerto Rico who have experienced more frequent and powerful hurricanes, backup power is a critical asset for their homes and businesses,” said Jose Carlos Albiñana, president of Solar Technology LLC. “We’re proud to offer Enphase Energy Systems, featuring safe, reliable, and high-performing IQ8 Microinverter-based technology, so that homeowners can power their homes with clean energy.” “Our goal is to provide our customers with high-quality home energy management solutions,” said Alejandro Uriarte, founder at reSOLient LLC. “IQ8 Microinverters adhere to the highest engineering standards, enabling our customers to feel confident their home energy systems can provide energy reliability and greater grid independence.” Enphase’s revolutionary IQ8-based systems can provide Sunlight Backup™ functionality during an outage even without a battery. For homeowners who want battery backup, there are no sizing restrictions when pairing Enphase IQ™ Batteries with IQ8 Microinverters. With the Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system using only sunlight after a prolonged grid outage that drains the battery. This eliminates the need for a manual restart of the system and gives homeowners greater assurance of energy resilience. Enphase IQ8 solar microinverters are built to last and come with a 25-year limited warranty. “Enphase Energy Systems provide energy security for Puerto Rican homeowners by reducing thei...