Enphase Clears Breakeven on New Battery Product - InvestingChannel

Enphase Clears Breakeven on New Battery Product

Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, noticed its shares climb onTuesday, announcing the launch of its most powerful Enphase® Energy System™ to-date, featuring the new IQ® Battery 5P™ and IQ8™ Microinverters, for customers in India.

India’s power grid is among the most challenging in the world, with frequent outages disrupting daily life for many households. The new Enphase Energy System transforms this situation by enabling uninterrupted, reliable backup power. Key components of the system include:

IQ Battery 5P: Enphase’s most powerful home battery yet, designed for modularity. Starting at 5 kWh, it can scale up to 40 kWh to meet varying home energy needs. With 3.84 kW continuous power and 7.68 kW peak power for short bursts, it enables homeowners to run even the most power-hungry appliances during outages. Built with advanced lithium iron phosphate (LFP) chemistry, the battery offers enhanced safety and significantly less maintenance compared to the widely used lead-acid batteries in India.

IQ® System Controller: The controller (or backup switch) isolates the home from the grid during outages, allowing seamless power supply from Enphase’s solar and IQ Battery 5P systems. The transition is instant, so most homeowners won’t even know there was an outage.

ENPH shares gained 50 cents to $117.50.

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