Enphase Energy, Inc. (NASDAQ: ENPH) has made its first entry into the overseas market with its energy storage device. The features of Enphase Energy’s proposal make it competitive, even against the backdrop of the leaders in the market.
Enphase Energy has introduced a new family of batteries called Encharge in Germany. Initially, they will be available from IBC SOLAR AG; however, additional distributors will likely appear in the near future.
Enphase Encharge batteries use the most advanced battery solutions available on the market. Specifically, it is a passively cooled system, that is completely silent.
Additionally, lithium-iron-phosphate batteries are also used, which are less susceptible to fire and can be operated at subzero temperatures. These maintenance-free batteries are equipped with Enphase microinverters for connecting solar panels and come with a 10-year warranty. At the same time, the price of the drive is also lower than that of its competitors: a 3.36 kWh battery costs about $2,400.
The entry of Enphase’s own battery into the international market is a significant milestone. The company is heading towards an end-to-end solution, including an autonomous home. Meanwhile, the rise in weather anomalies and power outages contributes to a growing demand for autonomy. Solar panels and storage can provide the refrigerator and lighting for a long time, allowing you to wait out the elements at home.
The shares of the company gained by 1.80% during the trading session on Friday, reaching a low of $184.63 while ending the day at $191.00. During the trading session, a total of 1.73 million shares were traded which represents a 44.38% incline from the average session volume which is 3.11 million shares. ENPH had ended its last session trading at $186.41.