{"id":83145,"date":"2024-04-25T06:10:29","date_gmt":"2024-04-24T20:40:29","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=83145"},"modified":"2024-06-06T12:50:35","modified_gmt":"2024-06-06T03:20:35","slug":"enphase-iq8-5p-mb2906","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/enphase-iq8-5p-mb2906\/","title":{"rendered":"Enphase Has High Hopes For Turnaround"},"content":{"rendered":"

\"Enphase<\/p>\n

The CEO of microinverter and energy storage firm Enphase believes the company is beginning to climb out of “the bottom”, and should get back to growth shortly.<\/p>\n

Enphase was established in 2006 and is best known for its microinverter products. Unlike a conventional solar inverter<\/a> that is connected to multiple (a string or strings of) solar panels<\/a>, a microinverter is a small device used with each solar panel that performs the same function, with some added features. You can learn more about microinverters here<\/a>.<\/p>\n

For the first quarter of this year, the company reported<\/a> revenue of USD $263.3 million, a decline compared to the fourth quarter of 2023 ($302.57 million). Enphase says this was the result of seasonality and a further softening in U.S. demand, while the firm pursued reducing shipments to manage channel inventory.<\/p>\n

Enphase shipped approximately 1.4 million microinverters and 75.5 megawatt- hours of batteries in the first quarter.\u00a0 The firm has shipped more than 73 million microinverters in total over the years and says approximately 4 million Enphase based systems have been deployed in more than 150 countries, including Australia.<\/p>\n

Q1 shipments are just a fraction of what Enphase has set its sights on once manufacturing is fully realigned – 7.25 million microinverters per quarter, of which 5 million will be manufactured in the US. Previously the company reportedly had capacity for around 10 million units per quarter, but in December last year Enphase announced it was cutting expenses by consolidating facilities across its worldwide sites.<\/p>\n

In the earnings call, Enphase President and CEO Badri Kothandaraman said the company expects to add battery manufacturing capability in the US during the third quarter of 2024. Mr. Kothandaraman says Enphase expects to ship 100- to 120-megawatt- hours of IQ batteries globally in the second quarter, and plans to pilot its fourth-generation battery later in the year.<\/p>\n

Enphase In Australia<\/h2>\n

Commenting specifically on the Australian market, Mr. Kothandaraman noted Enphase Energy Systems being shipped here are powered by IQ8 microinverters and the IQ Battery 5P, which the company introduced in the middle of last year.<\/p>\n

“We expect higher battery attachment rates in Australia during the second half of this year,” he said.<\/p>\n

The IQ Battery 5P is an AC-coupled energy storage system with a total usable capacity of 5.0 kWh and includes six embedded IQ8D-BAT microinverters. More specs and Australian pricing on the IQ Battery 5P can be found on SQ’s solar battery comparison table<\/a>.<\/p>\n

As for the IQ8, it was a *very* long time coming for Australia. Originally unveiled in in October 2021 and available to the US market by December that year, it wasn’t until July 2023 the company began IQ8 microinverter shipments to Australia<\/a>. Currently available locally as individual units are the IQ8AC and IQ8HC, which have a peak output power of 366 W and 384 W respectively, and can be used with solar modules up to 480W and 505W capacity. I noticed the IQ7 series is also still available in Australia.<\/p>\n

The company’s microinverter products have been a solid performer in Australia over the years. Enphase microinverter reviews<\/a> here on SQ from Australian customers have averaged 4.8 stars overall and 4.9 stars in the last 12 months. Australian installers seem to like working with them too, with Enphase taking silver in the SolarQuotes Installers Choice Awards for the best inverters in 2024<\/a>. It also achieved bronze in the best inverter support category this year.<\/p>\n

While the brand has a loyal following here in Australia, like any firm Enphase has its challenges<\/a>; and Mr. Kothandaraman said the company is fully focused on solving installer pain points.<\/p>\n","protected":false},"excerpt":{"rendered":"

The CEO of microinverter and energy storage firm Enphase believes the company is beginning to climb out of “the bottom”, and should get back to growth shortly.<\/p>\n","protected":false},"author":17,"featured_media":83146,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-83145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nEnphase Has High Hopes For Turnaround<\/title>\n<meta name=\"description\" content=\"The CEO of microinverter and energy storage firm Enphase believes the company is beginning to 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But what the fans (well, this guy anyway) really want to know is\u00a0 - where the bloody hell is the IQ 8? In case you're also wondering what the bloody hell a microinverter is, check out this guide\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase results and IQ8 microinverter status","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/enphase-results-iq8.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/enphase-results-iq8.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/enphase-results-iq8.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/enphase-results-iq8.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/enphase-results-iq8.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":55299,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-iq8-microinverter-mb2209\/","url_meta":{"origin":83145,"position":2},"title":"Enphase IQ8 Microinverter Launch – Backup Without A Battery","author":"Michael Bloch","date":"October 26, 2021","format":false,"excerpt":"Enphase Energy has announced its IQ8 microinverters should begin shipping in December for customers in North America. Hopefully, shipments to Australia won't be far behind. First, a quick summary of what a microinverter is: In a conventional rooftop solar power system, all the solar panels feed their output to a\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase IQ8 microinverter","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-iq8-microinverter.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-iq8-microinverter.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-iq8-microinverter.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-iq8-microinverter.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-iq8-microinverter.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":17342,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-microinverter-installation-mb0346\/","url_meta":{"origin":83145,"position":3},"title":"Mega Enphase Microinverter Installation","author":"Michael Bloch","date":"December 5, 2017","format":false,"excerpt":"Enphase Energy has announced the largest installation to date in the Asia-Pacific region of its microinverters, and one of the largest globally. 2,858 Enphase microinverters feature in the 1MW commercial solar power installation constructed for a fast-moving consumer goods (FMCG) company in Bangalore, India. A microinverter is a miniature inverter\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase microinverter - solar eneryg","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/enphase-microinverter-installation.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/enphase-microinverter-installation.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/enphase-microinverter-installation.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/enphase-microinverter-installation.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":22499,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-iq7-microinverter-australia-mb0641\/","url_meta":{"origin":83145,"position":4},"title":"Enphase IQ 7 Microinverters Now Available In Australia","author":"Michael Bloch","date":"June 26, 2018","format":false,"excerpt":"Microinverter manufacturer Enphase Energy (NASDAQ:ENPH) has announced it has started shipping its seventh-generation family of devices, the IQ 7, to Australia and New Zealand. Up until now, the latest microinverters from Enphase available in Australia through official channels were the company's fifth-generation product line, the S-Series. \"We are pleased to\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase IQ 7 microinverter","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/enphase-iq7-microinverter-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/enphase-iq7-microinverter-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/enphase-iq7-microinverter-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/enphase-iq7-microinverter-australia.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":32430,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-microinverters-q2-mb1157\/","url_meta":{"origin":83145,"position":5},"title":"Enphase Going Gangbusters","author":"Michael Bloch","date":"August 1, 2019","format":false,"excerpt":"Enphase has released its financial results for the second quarter of 2019 - and the market was very pleased with what it saw. Enphase (NASDAQ:ENPH) is a US-headquartered manufacturer of microinverters and energy storage solutions. A microinverter is a miniature inverter that operates at a panel level instead of the\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase microinverters","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/enphase-microinverters.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/enphase-microinverters.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/enphase-microinverters.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/enphase-microinverters.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/enphase-microinverters.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/83145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=83145"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/83145\/revisions"}],"predecessor-version":[{"id":84382,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/83145\/revisions\/84382"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/83146"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=83145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=83145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=83145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}