Enphase Energy, Inc.

Enphase Energy, Inc. is a leading provider of home energy solutions for the solar photovoltaic industry. Founded in 2006 and headquartered in Fremont, California, the company designs, develops, manufactures, and sells its solutions all around the world. Enphase’s flagship product is the semiconductor-based microinverter, which converts energy at the individual solar module level. This microinverter is combined with the company’s proprietary networking and software technologies to provide energy monitoring and control services.

Enphase also offers AC battery storage systems, an Envoy communications gateway and an Enlighten cloud-based monitoring service, along with other accessories. The company’s solutions can be bought by solar distributors, large installers, OEMs, strategic partners, and homeowners. Enphase also offers an upgrade program and an online store.

The impressive growth of Enphase Energy, Inc. is illustrated by the company’s growth in revenue, profits and market share; with total revenue growing from $24.8 million in 2012 to $902 million in 2020. Net income has grown from a loss of $36 million in 2012 to $33 million in 2020. Additionally, their market share of the microinverter market increased from less than 5% in 2012 to more than 50% in 2020, making Enphase Energy a dominant player in the market.

Enphase Energy has consistently focused on innovation and is recognized for its development of game-changing products and services. The company is committed to contributing to a more sustainable environment, and is focused on creating solutions to reduce energy costs and reduce environmental impact. As Enphase Energy continues to push the boundaries of solar innovation, they remain the best choice for homeowners looking to reduce their electricity costs and contribute to a cleaner planet.