Enphase announced on February 27th that it has begun production shipments of its most powerful home battery to date, the IQ® Battery 5P™, for customers in Italy.

 

 

 

The battery features a modular design with a 5kWh capacity and can be paired with the new IQ8™ microinverter.

 

 

 

Enphase launched its new home energy system, the IQ® Battery 5P™, and the IQ8 MicroReverse at an event held at the Ferrari Museum in Maranello, Italy, last December.

 

 

 

The new Enphase energy systems with IQ® Battery 5P™ are available in configurations ranging from 5 to 60kWh, thanks to more power, more flexibility in wired communication, a better commissioning experience, and are adapted with the Enphase App to monitor the performance and intelligently manage the battery system, and also include a self-consumption feature to help minimize the use of electricity from the grid.

 

 

 

Notably, all IQ batteries activated in Italy come with a 15-year warranty. As Italy continues its rapid shift to electrification through electric vehicles, heat pumps, and more, Enphase expects to roll out more advanced energy management software for its solar-plus-battery systems in 2024.

 

 

 

Enphase announced at the end of December last year that it was laying off 10% of its global workforce and plans to cease manufacturing operations in Timisoara, Romania, and Wisconsin, U.S., where equipment will be transferred to two manufacturing centers in South Carolina and Texas.Enphase is also resizing its other manufacturing sites to streamline operations. The optimization reduces the company's total global capacity to approximately 7.25 million units per quarter from the current 10 million units per quarter.

 

 

 

Enphase began to experience a decline in the third quarter of 2023 due to California's net metering policy and high inventories in Europe. Company executives believe that high interest rates in 2023 also reduced demand from U.S. consumers, leading to lower shipments for the year.

 

 

 

Enphase's strategy for 2024 is to clear out excess inventory globally while banking on the Federal Reserve to cut interest rates next year.