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Enphase Energy Enters Into Energy Storage Business with AC Battery


Introduces a modular, plug-and-play solution that is fully integrated into the Enphase Energy Management System

Las Vegas, Nevada (Solar Power International 2014 – Booth 812) — October 21, 2014 – Enphase Energy, Inc. (NASDAQ: ENPH), announced today its Enphase AC Battery, an advanced energy storage solution with a modular, plug-and-play storage device fully integrated with the just-introduced Enphase Energy Management System. Based on a distributed architecture, the AC Battery is a safe, reliable and easy-to-install storage solution, designed for residential and commercial applications. The modular battery provides system owners with the ability to store solar energy for nighttime or future use, optimizing solar power consumption and giving owners greater energy independence.

“Storage is going to be a multi-billion dollar market and will be essential in helping solar gain broader acceptance and higher penetration,” said Raghu Belur, co-founder and vice president of products and strategic initiatives at Enphase. “It provides benefits for the system owner, while also helping with grid stability. We are bringing the same technological innovation to storage that we brought to solar, by pairing our innovative distributed architecture with the best-in-class battery chemistry in the industry.”

The AC Battery and Enphase Energy Management System will provide new opportunities for the company’s strong sales channels. As part of the AC Battery rollout, Enphase has engaged several installation companies for pilot projects, including Lennar Homes, Hawaii Energy Connection and Vivint Solar in the U.S.; Pretty Green Energy, CJ Electric and Domuneo in Europe; and Metro Solar in Australia.

 

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