Enphase Energy http://enphase.com By combining the power of solar energy and the proven advantages of communications technology, Enphase Energy products make solar power systems productive, reliable, smart and safe. Tue, 21 May 2013 22:40:57 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Enphase Energy Reports First Quarter 2013 Financial Results http://enphase.com/blog/2013/05/reports-first-quarter-2013-financial-results/ http://enphase.com/blog/2013/05/reports-first-quarter-2013-financial-results/#comments Thu, 16 May 2013 23:17:42 +0000 savery http://enphase.com/?p=20079 PETALUMA, Calif., May 7, 2013 -- Enphase Energy, Inc. (Nasdaq:ENPH) announced today financial results for the first quarter ended March 31, 2013.

First Quarter 2013 Highlights

  • Revenue of $45.6 million
  • Non-GAAP gross margin of 27%, up 510 basis points year-over-year
  • Non-GAAP operating expenses flat sequentially at $20.4 million

Enphase Energy reported total revenue for the first quarter of $45.6 million. This is an increase of 7 percent compared to revenue of $42.6 million for the first quarter of 2012, which included approximately $9 million of revenue associated with shipments related to the expiring 1603 grant program. Excluding these 1603 related units, revenue increased 36 percent year-over-year. Units sold in the first quarter of 2013 totaled 315,000.

GAAP gross margin for the first quarter of 2013 was 26.8 percent and non-GAAP gross margin was 27 percent, an increase of 510 basis points when compared to 21.9 percent in the first quarter of 2012.

GAAP operating expenses for the first quarter were $21.9 million and non-GAAP operating expenses were $20.4 million, which is flat compared to the fourth quarter of 2012.

First quarter of 2013 GAAP net loss was $10.4 million, or a loss of $0.25 per share. On a non-GAAP basis, the net loss was $8.7 million, or a loss of $0.21 per share.

The Company exited the quarter with a total cash balance of $36.4 million.

“We are pleased with our first quarter results and are off to a strong start for 2013. During a seasonally softer portion of the year, revenue came in at the high end of our guidance and continues to demonstrate healthy top line growth on a year-over-year basis,” commented Paul Nahi, CEO of Enphase. “Additionally, we improved our gross margins year-over-year, while maintaining tight control on our operating expenses, keeping them flat on a sequential basis.”

Mr. Nahi added, “We continue to make progress with execution on our key initiatives, which include improving operating performance, expanding gross margin, broadening our market opportunity, developing new products and services and charting a path to profitability and sustainable positive cash flows. We remain excited about the solar industry and believe its long term global prospects continue to be tremendous and represent a great opportunity for growth and profitability for those companies with vision and a unique value proposition.”

Business Highlights

  • Renewal of inverter solution agreement with Vivint Solar to be their inverter supplier for 2013.
  • New European leadership established with the appointment of a single Managing Director for Enphase Europe, Middle East and Africa (EMEA) to oversee the execution and future expansion of the business.
  • Product availability announced in Switzerland and Greece through existing distribution partnerships, bringing the number of countries served in the European region to eight.
  • First installation featuring Enphase Microinverters and Phono Solar AC Modules by San Diego Solar Install following the Enphase and Phono Solar partnership announcement in the fall of 2012.
  • Announced 2013 philanthropic partnership with non-profit GRID Alternatives, a collaboration bringing over $14 million in expected lifetime energy savings to low-income families since 2010.

Business Outlook

“Looking forward we expect a strong sequential increase in our top line, with revenues for the second quarter of 2013 to be within a range of $56 million to $60 million, and for gross margin to be within a range of 26 percent to 28 percent,” said Kris Sennesael, CFO of Enphase. “We also expect non-GAAP operating expenses for the second quarter of 2013 to be roughly flat compared to the first quarter of 2013.”

Use of Non-GAAP Financial Measures

The Company has presented certain non-GAAP financial measures in this release. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP. Reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure can be found in the accompanying tables to this press release. These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same captions and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies. As such, these non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

The Company uses these non-GAAP financial measures to analyze its operating performance and future prospects, develop internal budgets and financial goals, and to facilitate period-to-period comparisons. Enphase believes that these non-GAAP financial measures reflect an additional way of viewing aspects of its operations that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting its business.

Conference Call Information

Enphase Energy will host a conference call for analysts and investors to discuss its first quarter results and second quarter 2013 business outlook today at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). Open to the public, investors may access the call by dialing 877-644-1284; participant passcode 50273387. A live webcast of the conference call will also be accessible from the "Investor Relations" section of the company’s website at investor.enphase.com. Following the webcast, an archived version will be available on the website for 30 days. In addition, an audio replay of the conference call will be available by calling 855-859-2056; participant passcode 50273387 beginning approximately one hour after the call.

Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, statements related to Enphase Energy’s financial performance, market demands for its microinverters, advantages of its technology, market trends and future financial performance. These forward-looking statements are based on the Company’s current expectations and inherently involve significant risks and uncertainties. Enphase Energy’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to: the future demands for solar energy solutions; the reduction, elimination or expiration of government subsidies and economic incentives for on-grid solar electricity applications; the Company’s ability to achieve broad market acceptance of its microinverter systems and to develop new and enhanced products in response to customer demands and rapid market and technological changes in the solar industry; the success of competing solar solutions that are or become available; the Company’s ability to effectively manage the growth of its organization and expansion into new markets and to maintain or achieve anticipated product quality, product performance and cost metrics; competition and other factors that may cause potential future price reductions for its products; the Company’s ability to optimally match production with demand and dependence on a limited number of outside contract manufacturers and lack of supply contracts with these manufacturers; general economic conditions in domestic and international markets and other risks included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012, which is on file with the SEC and available on the SEC’s website at www.sec.gov. Additional information will also be set forth in those sections in Enphase Energy’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2013, which will be filed with the SEC in the second quarter of 2013. All information set forth in this press release and its attachments is as of May 7, 2013. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

A copy of this press release can be found on the investor relations page of Enphase Energy’s website at investor.enphase.com.

About Enphase Energy, Inc.

Enphase Energy delivers microinverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. Our semiconductor-based microinverter system converts energy at the individual module level and brings a system-based, high technology approach to solar energy generation. www.enphase.com

ENPHASE ENERGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)
     
  Three Months Ended
  March 31,
  2013 2012
Net revenues  $ 45,577  $ 42,600
Cost of revenues 33,376 33,293
Gross profit 12,201 9,307
Operating expenses:    
Research and development 9,026 7,842
Sales and marketing 6,850 5,049
General and administrative 6,036 5,696
Total operating expenses 21,912 18,587
Loss from operations (9,711) (9,280)
Other income (expense), net:    
Interest expense (464) (1,479)
Other income (expense) (49) 640
Total other expense, net (513) (839)
Loss before income taxes (10,224) (10,119)
Provision for income taxes (182) (65)
Net loss attributable to common stockholders  $ (10,406)  $ (10,184)
Net loss per share attributable to common stockholders, basic and diluted  $ (0.25)  $ (5.97)
Shares used in computing net loss per share attributable to common stockholders, basic and diluted 41,149 1,706
 
ENPHASE ENERGY, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
     
     
  March 31, December 31,
  2013 2012
ASSETS    
Current assets:    
Cash and cash equivalents  $ 36,434  $ 45,294
Accounts receivable, net 24,908 27,743
Inventory 22,309 19,843
Prepaid expenses and other 2,492 2,118
Total current assets 86,143 94,998
Property and equipment, net 25,281 25,541
Other assets 1,641 1,752
Total assets  $ 113,065  $ 122,291
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable  $ 9,057  $ 11,272
Accrued liabilities 18,521 19,266
Deferred revenues 1,068 933
Current portion of term loans 2,440 2,384
Total current liabilities 31,086 33,855
Long-term liabilities:    
Deferred revenues 8,378 7,537
Warranty obligations 17,094 15,260
Other liabilities 352 307
Term loans 8,046 8,677
Total liabilities 64,956 65,636
Commitments and contingencies    
Stockholders’ equity:    
Preferred stock — —
Common stock — —
Additional paid-in capital 185,667 183,629
Accumulated deficit (137,432) (127,026)
Accumulated other comprehensive income (loss) (126) 52
Total stockholders’ equity 48,109 56,655
Total liabilities and stockholders’ equity  $ 113,065  $ 122,291
 
ENPHASE ENERGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
     
  Three Months Ended
  March 31,
  2013 2012
Cash flows from operating activities:    
Net loss  $ (10,406)  $ (10,184)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,660 1,085
Non-cash interest expense 108 937
Stock-based compensation 1,435 706
Change in fair value of convertible preferred stock warrants — (623)
Changes in operating assets and liabilities:    
Accounts receivable 2,835 4,324
Inventory (2,466) (14,433)
Prepaid expenses and other assets (355) (913)
Accounts payable, accrued and other liabilities (759) 11,222
Deferred revenues 976 (6,192)
Net cash used in operating activities (6,972) (14,071)
Cash flows from investing activities:    
Purchases of property and equipment (1,682) (4,605)
Net cash used in investing activities (1,682) (4,605)
Cash flows from financing activities:    
Proceeds from term loans and debt — 2,600
Repayments of term loans (591) (3,287)
Principal payments under capital leases (40) (31)
Proceeds from the exercise of stock options 603 24
Payment of offering costs — (279)
Net cash used in financing activities (28) (973)
Effect of exchange rate changes on cash (178) 28
Net decrease in cash and cash equivalents (8,860) (19,621)
Cash and cash equivalents—Beginning of period 45,294 51,524
Cash and cash equivalents—End of period  $ 36,434  $ 31,903
 
ENPHASE ENERGY, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In thousands, except per share data)
(Unaudited)
     
  Three Months Ended
  March 31,
  2013 2012
Reconciliation of Gross Profit and Gross Margin on a GAAP Basis to Gross Profit and Gross Margin on a Non-GAAP Basis:    
Gross profit on a GAAP basis  $ 12,201  $ 9,307
Stock-based compensation 108 20
Gross profit on a non-GAAP basis  $ 12,309  $ 9,327
Gross margin on a GAAP basis 26.8% 21.8%
Gross margin on a non-GAAP basis 27.0% 21.9%
Reconciliation of Operating Expenses on a GAAP Basis to Operating Expenses on a Non-GAAP Basis:    
Operating expenses on a GAAP basis  $ 21,912  $ 18,587
Stock-based compensation(1) (1,327) (686)
Severance costs (156) —
Operating expenses on a non-GAAP basis  $ 20,429  $ 17,901
(1) Includes stock-based compensation as follows:    
Research and development  $ 478  $ 273
Sales and marketing 378 195
General and administrative 471 218
Total  $ 1,327  $ 686
Reconciliation of Loss from Operations on a GAAP Basis to Loss from Operations on a Non-GAAP Basis:    
Loss from operations on a GAAP basis  $ (9,711)  $ (9,280)
Stock-based compensation 1,435 706
Severance costs 156 —
Loss from operations on a non-GAAP basis  $ (8,120)  $ (8,574)
Reconciliation of Net Loss on a GAAP Basis to Net Loss on a Non-GAAP Basis:    
Net loss on a GAAP basis  $ (10,406)  $ (10,184)
Stock-based compensation 1,435 706
Severance costs 156 —
Non-cash interest expense 108 937
(Gains) losses from convertible preferred stock warrant liability revaluation — (623)
Net loss on a non-GAAP basis  $ (8,707)  $ (9,164)
Reconciliation of Basic and Diluted Net Loss per Share on a GAAP Basis to Basic and Diluted Net Loss per Share on a Non-GAAP Basis:    
Basic and diluted net loss per share on a GAAP basis  $ (0.25)  $ (5.97)
Stock-based compensation 0.04 0.41
Severance costs — —
Non-cash interest expense — 0.55
(Gains) losses from convertible preferred stock warrant liability revaluation — (0.37)
Basic and diluted net loss per share on a non-GAAP basis  $ (0.21)  $ (5.37)
 
ENPHASE ENERGY, INC.
SUPPLEMENTAL OPERATING DATA
(Unaudited)
           
  Quarterly Period
  1Q13 4Q12 3Q12 2Q12 1Q12
Net revenues (in thousands)  $ 45,577  $ 57,568  $ 60,813  $ 55,697  $ 42,600
Gross profit (in thousands) 12,201 16,056 16,324 13,601 9,307
Gross margin 26.8% 27.9% 26.8% 24.4% 21.8%
Microinverter units shipped (in thousands) 315 384 431 403 292
Megawatts shipped(1) 67.7 82.6 92.4 86.0 62.5
(1) Represents the productive capacity of microinverters shipped.

CONTACT:

Christine Bennett, Enphase Energy
Global Corporate Communications Manager
pr@enphaseenergy.com
+1-707-763-4784

]]> http://enphase.com/blog/2013/05/reports-first-quarter-2013-financial-results/feed/ 0 Enphase Energy Supports Team USC in 2013 U.S. Department of Energy Solar Decathlon http://enphase.com/blog/2013/05/enphase-energy-supports-team-usc-in-2013-u-s-department-of-energy-solar-decathlon/ http://enphase.com/blog/2013/05/enphase-energy-supports-team-usc-in-2013-u-s-department-of-energy-solar-decathlon/#comments Thu, 16 May 2013 20:28:23 +0000 savery http://enphase.com/?p=20126  

Students of sustainable design and building to install the Enphase Microinverter System on solar-powered fluxHome

PETALUMA, Calif. — May 16, 2013 — Enphase Energy, Inc. (NASDAQ: ENPH), announced today its support of Team USC in the 2013 U.S. Department of Energy Solar Decathlon, a biennial competition powered exclusively by the sun. Team USC has received a donation of the Enphase Microinverter System to compete in the design and construction of a solar-powered house that brings sustainable living to the public.

The U.S. Department of Energy Solar Decathlon challenges 20 collegiate teams to design, build and operate solar-powered houses that are cost-effective, energy-efficient and attractive. The winner of the competition is the team that best blends affordability, consumer appeal and design excellence with optimal energy production and maximum efficiency. The competition will take place at the Orange County Great Park in Irvine, Calif. from October 3-13, 2013

“Enphase is proud to contribute our products to the next generation of sustainable engineers, architects and professionals,” said Bill Rossi, Chief Marketing Officer of Enphase Energy. “Powered by our innovative technology, Team USC aims to build a solar house that produces as much energy or more than it consumes.”

“We are thrilled to install Enphase microinverters on our 1,000 square foot house and to learn more about how microinverters can offer more efficiency, safety and trouble-shooting capabilities to homeowners and design engineers,” said Christine Tanguay, a student at USC’s School of Architecture and project manager of Team USC.

Team USC is among four teams from California, the top residential solar market in North America. The team is a collaboration led by the School of Architecture (SOA), consisting of students, faculty, and researchers from SOA, the Viterbi School of Engineering, the Annenberg School for Communication and Journalism, the School of Cinematic Arts, the Rossier School of Education and the Marshall School of Business.

For more information visit http://solardecathlon.usc.edu/.

The Enphase Microinverter System offers a new approach to the installation, operation and maintenance of solar energy systems. Enphase Microinverters, the Envoy Communications Gateway and Enlighten web-based monitoring and analysis software work together to deliver increased energy harvest and unparalleled solar system intelligence. To date, Enphase has shipped over 3.3 million microinverters and is selling into eleven countries across Europe, North America and Asia Pacific.

About Enphase Energy, Inc.

Enphase Energy delivers microinverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. Our semiconductor-based microinverter system converts energy at the individual solar module level and brings a systems-based, high technology approach to solar energy generation. Connect with Enphase on Facebook and follow us on Twitter. www.enphase.com

Contact

Kady Cooper, Enphase Energy
Industry Public Relations Manager
pr@enphaseenergy.com
+1-707-763-4784

Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.

 

]]> http://enphase.com/blog/2013/05/enphase-energy-supports-team-usc-in-2013-u-s-department-of-energy-solar-decathlon/feed/ 0 Enphase, PV Microinverter Builder, Still Growing Revenue and Margin http://enphase.com/blog/2013/05/enphase-pv-microinverter-builder-still-growing-revenue-and-margin/ http://enphase.com/blog/2013/05/enphase-pv-microinverter-builder-still-growing-revenue-and-margin/#comments Tue, 07 May 2013 22:57:39 +0000 Kady http://enphase.com/?p=20047
May 7, 2013
Greentech Media
]]> http://enphase.com/blog/2013/05/enphase-pv-microinverter-builder-still-growing-revenue-and-margin/feed/ 0 Simplifying solar installations http://enphase.com/blog/2013/05/simplifying-solar-installations/ http://enphase.com/blog/2013/05/simplifying-solar-installations/#comments Fri, 03 May 2013 22:53:09 +0000 Kady http://enphase.com/?p=20045
May 3, 2013
ecogeneration Australia
]]> http://enphase.com/blog/2013/05/simplifying-solar-installations/feed/ 0 Enphase Energy Announces 2013 Partnership with GRID Alternatives http://enphase.com/blog/2013/04/announces-2013-partnership-with-grid-alternatives/ http://enphase.com/blog/2013/04/announces-2013-partnership-with-grid-alternatives/#comments Mon, 29 Apr 2013 00:53:11 +0000 savery http://enphase.com/?p=19772

Inverter deal to help supply solar power to over 350 low-income families in California and Colorado

PETALUMA, Calif. — April 24, 2013 — Enphase Energy, Inc. (NASDAQ: ENPH), today announced its 2013 philanthropic partnership with GRID Alternatives, a nonprofit that brings the benefits of solar technology to communities that would not otherwise have access. Under the agreement, Enphase will provide GRID Alternatives with microinverters to help power more than 350 low-income homes in California and Colorado. The partnership will also support nearly 50,000 hours of hands-on installation training for cleantech job seekers and volunteers.

Enphase has worked with GRID Alternatives since 2010 to bring solar to low-income families in the San Francisco Bay Area through employee volunteerism and donations of the Enphase® Microinverter System. By the end of 2013, expected lifetime savings to families served through the three-year partnership will exceed $14 million.

“Expanding our partnership with GRID Alternatives exemplifies Enphase’s commitment to growing the use of solar energy, while also providing the advantages of our microinverter technology to families who can benefit from it the most,” said Bill Rossi, chief marketing officer of Enphase Energy. “Enphase appreciates the value of GRID Alternatives in bringing solar power to our community and those interested in a career in the new clean energy economy.”

In addition to its equipment partnership, Enphase employee volunteers will get on the roof to help install systems for five families in the San Francisco Bay Area this year.

“From its enthusiastic and hardworking volunteers to its generous equipment donations, Enphase has been a great partner to GRID Alternatives from the beginning,” said Erica Mackie, co-founder and CEO of GRID Alternatives. “This new commitment is really going to make a huge difference both for the families and for the job trainees our program serves.”

Petaluma, Calif. residents Mary and Patrick Carter recently received a solar electric system through the partnership. “For many years, we dreamed of having our own clean, green generator on our roof,” said Mary Carter. “GRID and the volunteers from Enphase made our dreams come true.” Their system has reduced their electric bill by over $100 since it went live, savings that goes to support their two young children. Click here to see their system’s production through Enphase’s monitoring and management software Enlighten.

About Enphase Energy, Inc.

Enphase Energy delivers microinverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. Our semiconductor-based microinverter system converts energy at the individual solar module level and brings a systems-based, high technology approach to solar energy generation. Connect with Enphase on Facebook and follow us on Twitter. www.enphase.com

About GRID Alternatives

GRID Alternatives is a non-profit organization that brings the benefits of solar technology to low-income communities. Using a barn-raising model, GRID Alternatives leads teams of volunteers and job trainees to install solar power on qualifying homes, providing needed savings for families struggling to make ends meet while preparing workers for jobs in the fast-growing solar industry and cleaning our air. More than 3000 families have benefitted from the program to date, saving more than $82 million in lifetime electricity costs, and more than 11,000 people have received hands-on solar installation experience. For more information, visit www.gridalternatives.org.


Contact
Christine Bennett
Global Corporate Communication Manager
pr@enphaseenergy.com
+1-707-763-4784

Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.

]]> http://enphase.com/blog/2013/04/announces-2013-partnership-with-grid-alternatives/feed/ 0 Enphase Energy Sponsors Young Professionals in Renewable Energy Program at SOLAR 2013 http://enphase.com/blog/2013/04/enphase-energy-sponsors-young-professionals-in-renewable-energy-program-at-solar-2013/ http://enphase.com/blog/2013/04/enphase-energy-sponsors-young-professionals-in-renewable-energy-program-at-solar-2013/#comments Wed, 24 Apr 2013 15:38:50 +0000 savery http://enphase.com/?p=19750

Free evening event features panel discussing careers in solar and renewable energy

BALTIMORE, Md., April 17, — Enphase Energy, Inc. (Nasdaq: ENPH), will sponsor the first Young Professionals in Renewable Energy program at SOLAR 2013, the annual American Solar Energy Society (ASES) National Solar Conference at the Baltimore Convention Center in Baltimore, Md., on Thursday, April 18. The new YPiRE program is focused on the exploration of career opportunities in the growing sustainable energy industry.

“We are proud to sponsor an ASES industry event that helps promote careers in renewable energy--specifically solar--to the future leaders of this global progression,” said Bill Rossi, chief marketing officer of Enphase Energy. “The solar industry has opportunities for a range of educational interests, from sciences to business to arts, where young professionals can contribute to the budding clean energy economy.”

In addition to daily networking sessions and lectures, aspiring and transitioning renewable energy professionals are invited to attend a free YPiRE Evening Plenary panel session and cocktail event. The panel will include six speakers who will share their career-defining insights and experiences in entrepreneurship, financing, engineering and policy-making for renewable energy:

  • Ariel Braude, community manager, American Solar Energy Society
  • Edward Davis, senior analyst, project finance, First Solar
  • Alex Kim, hardware engineer, Enphase Energy
  • Tom Krizner, senior mechanical engineer, Enphase Energy
  • Mikhail Naumox, co-founder and director of development, The Global Renewable Energy Education Network
  • Mike Seger, project engineer, Microgrid Energy

The panel session is free and open to the public on Thursday, April 18, at 6:30 p.m. - 8:00 p.m. in the Hyatt Constellation Ballroom F, followed by the YPiRE Reception at 8:30 p.m. - 10:30 p.m. in the Hyatt Pisces room. To learn more about the Young Professionals in Renewable Energy program, visit www.ases.org/solar2013/.

Alex Kim and Tom Krizner play key roles in the design and engineering of Enphase microinverters. The Enphase Microinverter System offers a new approach to the installation, operation and maintenance of solar energy systems. Enphase Microinverters, the Envoy Communications Gateway and Enlighten web-based monitoring and analysis software work together to deliver increased energy harvest and unparalleled solar system intelligence. To date, Enphase has shipped over 3 million microinverters and is selling into ten countries across Europe, North America and Asia Pacific.

About the American Solar Energy Society

Established in 1954, the nonprofit American Solar Energy Society (ASES) is the nation’s leading association of solar professionals and advocates. Our mission is to inspire an era of energy innovation and speed the transition to a sustainable energy economy. ASES leads national efforts to increase the use of solar energy and other sustainable technologies through the publication of the award-winning SOLAR TODAY magazine, the ASES National Solar Tour – the largest grassroots solar event in the world, and the ASES National Solar Conference. For more information about ASES and the SOLAR 2013 conference please visit http://www.ases.org/solar2013.

About Enphase Energy, Inc.

Enphase Energy delivers microinverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. Our semiconductor-based microinverter system converts energy at the individual solar module level and brings a systems-based, high technology approach to solar energy generation. Connect with Enphase on Facebook and follow us on Twitter. www.enphase.com


Contact
Kady Cooper, Enphase Energy
Industry Public Relations Manager
pr@enphaseenergy.com
+1-707-763-4784

Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.

]]> http://enphase.com/blog/2013/04/enphase-energy-sponsors-young-professionals-in-renewable-energy-program-at-solar-2013/feed/ 0 Enphase Energy Announces Conference Call to Review First Quarter 2013 Financial Results, Tuesday, May 7, 2013 at 4:30 p.m. Eastern Time http://enphase.com/blog/2013/04/announces-conference-call-to-review-first-quarter-2013-financial-results/ http://enphase.com/blog/2013/04/announces-conference-call-to-review-first-quarter-2013-financial-results/#comments Tue, 23 Apr 2013 18:16:34 +0000 savery http://enphase.com/?p=19764

Free evening event features panel discussing careers in solar and renewable energy

PETALUMA, Calif., — April 23, 2013 — Enphase Energy, Inc. (NASDAQ: ENPH), announced today the company will host a conference call and webcast on Tuesday, May 7, 2013, at 4:30 p.m. Eastern Time to discuss its first quarter financial results for the period ended March 31, 2013. The call and webcast will follow the release of first quarter financial results after market close. The live webcast can be accessed on the Enphase Energy Investor Relations website at investor.enphase.com, and a recorded version of the call will also be available there approximately one hour after the call.

What:

Enphase Energy’s first quarter 2013 financial results earnings call and webcast
Date:

Tuesday, May 7
Time:

4:30pm ET
Live call:

877.644.1284
International:

+1.707.287.9355
Participant Passcode:

50273387
Replay:

US: 855.859.2056

International: +1.404.537.3406

Passcode: 50273387

The webcast will be archived for up to 30 days.

About Enphase Energy, Inc.

Enphase Energy delivers microinverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. Our semiconductor-based microinverter system converts energy at the individual module level and brings a system-based, high technology approach to solar energy generation. www.enphase.com


Contact
Christine Bennett, Enphase Energy
Global Corporate Communications Manager
pr@enphaseenergy.com
+1-707-763-4784

]]> http://enphase.com/blog/2013/04/announces-conference-call-to-review-first-quarter-2013-financial-results/feed/ 0 Enphase Microinverter System Available in Greece http://enphase.com/blog/2013/04/microinverter-system-available-in-greece/ http://enphase.com/blog/2013/04/microinverter-system-available-in-greece/#comments Thu, 18 Apr 2013 22:52:56 +0000 savery http://enphase.com/?p=19735

New EMEA leadership established for continued growth and expansion

PETALUMA, Calif., LYON, France — April 18, 2013 — Enphase Energy, Inc. (NASDAQ: ENPH), today announced the availability of the Enphase® Microinverter System in Greece through authorized distribution. With shipments now in eight countries in the region, Enphase also announces the appointment Olivier Jacques as Managing Director for Enphase Europe, Middle East and Africa (EMEA) to oversee execution and future expansion of the business.

“I am focused on growing the international business for Enphase and using regional resources and relationships as leverage to capitalize on new market opportunities,” said Olivier Jacques, Managing Director for Enphase EMEA. “Geographic expansion through existing distribution partnerships, while at the same time establishing new local partners, is a model that increases our market presence in Europe in an efficient and scalable way.”

Europe remains the world’s largest solar market, and Enphase continues to gain share due to the value delivered by its pioneering technology. Last month, Enphase announced it is shipping in Switzerland through existing strategic partnerships with large PV suppliers. Following this model, the Enphase Microinverter System will be marketed and sold in Greece through an official network of authorized distributors.

Greece presents favorable conditions for the solar industry due to its geography, climate and plentiful solar irradiation. Over the last few years the solar market has grown rapidly. According to NPD Solarbuzz Marketbuzz 2013 report, the market was 414MW in 2011. Growth continued in 2012 based upon strong PV economics, and in spite of the country’s financial constraints, NPD Solarbuzz reported the market reached 961MW.

The Greek government is also targeting the solar sector as a way to bolster the weak economy. On March 27, the launch of a close cooperation between Greece and Germany (with the support of an EU Commission's Task Force for Greece) was announced in the field of renewable energy. The cooperation involves technical assistance for investments from the Task Force, with the German environment ministry co-financing the first stage of the program.

For more information about Enphase in Greece, visit: enphase.com/gr.

About Enphase Energy, Inc.

Enphase Energy delivers microinverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. Our semiconductor-based microinverter system converts energy at the individual solar module level and brings a systems-based, high technology approach to solar energy generation. Connect with Enphase on Facebook and follow us on Twitter. www.enphase.com


Contact
Christine Bennett
Global Corporate Communications Manager
pr@enphaseenergy.com
+1-707-763-4784

Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, statements related to Enphase Energy’s financial performance, market demands for its microinverters, advantages of its technology and market trends. These forward-looking statements are based on the company’s current expectations and inherently involve significant risks and uncertainties. Enphase Energy’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to: the future demands for solar energy solutions; the reduction, elimination or expiration of government subsidies and economic incentives for on-grid solar electricity applications; the company’s ability to achieve broad market acceptance of its microinverter systems and to develop new and enhanced products in response to customer demands and rapid market and technological changes in the solar industry; the success of competing solar solutions that are or become available; the company’s ability to effectively manage the growth of its organization and expansion into new markets and to maintain or achieve anticipated product quality, product performance and cost metrics; competition and other factors that may cause potential future price reductions for its products; the company’s ability to optimally match production with demand and dependence on a limited number of outside contract manufacturers and lack of supply contracts with these manufacturers; general economic conditions in domestic and international markets; and other risks detailed in the “Risk Factors” and elsewhere in Enphase Energy’s Securities and Exchange Commission filings and reports, including its Annual Report on Form 10-K for the year ended December 31, 2012. Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.

]]> http://enphase.com/blog/2013/04/microinverter-system-available-in-greece/feed/ 0 Enphase Energy and Vivint Solar Renew Inverter Solution Agreement http://enphase.com/blog/2013/04/vivint-solar-renews-inverter-solution-agreement/ http://enphase.com/blog/2013/04/vivint-solar-renews-inverter-solution-agreement/#comments Thu, 04 Apr 2013 23:39:15 +0000 savery http://enphase.com/?p=19666

Vivint Solar chooses Enphase as 2013 inverter supplier

PETALUMA, Calif. — April 3, 2013 — Enphase Energy, Inc. (NASDAQ: ENPH), today announced the renewal of its relationship with Vivint Solar, Inc. to be their inverter solution for 2013. Vivint Solar is an affiliate of Vivint Inc., a leading provider of home technology services in North America.

“We are delighted to continue building off our powerful strategic relationship with Vivint Solar. For over a year-and-a-half, our advanced inverter technology, coupled with Vivint Solar’s unique go-to-market, has helped accelerate them toward their goal of becoming the top U.S. installer of residential rooftop solar systems,” said Jeff Loebbaka, senior vice president of worldwide sales and field operations of Enphase Energy.

Vivint Solar customers save money on energy through a power purchase agreement (PPA) in which customers agree to buy the power generated by a solar photovoltaic system installed on their home, at rates that are generally lower than their local utility. In exchange, Vivint Solar designs, installs, operates and maintains the system with no additional out-of-pocket costs for the customers. This business model provides homeowners the benefits of renewable solar energy without a large, upfront investment.

“We are focused on nationwide expansion of our affordable solar offering, and we adopted Enphase early on because of the value their inverter solution delivers,” said Dan Rock, vice president of installs of Vivint Solar. “Enphase inverters provide flexibility to Vivint Solar’s installation crews and provide Vivint Solar’s customers with more efficient solar energy systems, resulting in enhanced savings to our customers.”

Vivint Solar currently operates in California, Hawaii, Maryland, Massachusetts, New Jersey, New York, and Washington D.C. For more information on Vivint Solar’s products and services, visit www.vivintsolar.com.

The Enphase Microinverter System offers a revolutionary new approach to the installation, operation and maintenance of solar energy systems. Enphase Microinverters, the Envoy Communications Gateway and Enlighten web-based monitoring and analysis software work together to deliver increased energy harvest and unparalleled solar system intelligence. To date, Enphase has shipped over 3 million microinverters and is selling into ten countries across Europe, North America and Asia Pacific.

About Vivint

Vivint is a leading provider of home technology services in North America. Vivint’s technology-based platform integrates a wide range of wireless features and components that deliver simple, affordable home security, energy management, home automation, and solar solutions. In 2011, Vivint’s Home Automation package and Advanced Security package received a Consumers Digest “Best Buy” rating. Dedicated to protecting families, increasing energy efficiency, and simplifying lives, Vivint has more than 13 years of experience and supports over 700,000 customers throughout the United States and Canada. For more information, visit www.vivint.com.

About Vivint Solar

Vivint Solar is a leading provider of simple, affordable solar solutions and one of the fastest growing residential solar power providers in North America. As an early adopter of the power purchase agreement (PPA) model, Vivint Solar designs, installs, and maintains cost-effective solar energy systems, allowing consumers to enjoy the benefits of solar with little to no up-front costs. The company is dedicated to providing superior service and support while helping consumers save money, gain energy independence, and go green. For more information, visit www.vivintsolar.com.

About Enphase Energy, Inc.

Enphase Energy delivers microinverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. Our semiconductor-based microinverter system converts energy at the individual solar module level and brings a systems-based, high technology approach to solar energy generation. Connect with Enphase on Facebook and follow us on Twitter. www.enphase.com


Contact
Kady Cooper
Industry Public Relations Manager
Enphase Energy
pr@enphaseenergy.com
+1-707-763-4784

Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, statements related to Enphase Energy’s financial performance, market demands for its microinverters, advantages of its technology and market trends. These forward-looking statements are based on the company’s current expectations and inherently involve significant risks and uncertainties. Enphase Energy’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to: the future demands for solar energy solutions; the reduction, elimination or expiration of government subsidies and economic incentives for on-grid solar electricity applications; the company’s ability to achieve broad market acceptance of its microinverter systems and to develop new and enhanced products in response to customer demands and rapid market and technological changes in the solar industry; the success of competing solar solutions that are or become available; the company’s ability to effectively manage the growth of its organization and expansion into new markets and to maintain or achieve anticipated product quality, product performance and cost metrics; competition and other factors that may cause potential future price reductions for its products; the company’s ability to optimally match production with demand and dependence on a limited number of outside contract manufacturers and lack of supply contracts with these manufacturers; general economic conditions in domestic and international markets; and other risks detailed in the “Risk Factors” and elsewhere in Enphase Energy’s Securities and Exchange Commission filings and reports, including its Annual Report on Form 10-K for the year ended December 31, 2012. Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.

]]> http://enphase.com/blog/2013/04/vivint-solar-renews-inverter-solution-agreement/feed/ 0 Intersolar Germany http://enphase.com/blog/2013/03/intersolar-germany/ http://enphase.com/blog/2013/03/intersolar-germany/#comments Fri, 29 Mar 2013 21:50:10 +0000 Kady http://enphase.com/?p=19589 Intersolar Germany 2013

June 19-21, 2013
Munich, Germany

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