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Enphase Energy Inc (NASDAQ:ENPH) Excited After The Declaration That Its Products Met Market Needs

Enphase Energy Inc (NASDAQ:ENPH) has today made an announcement that has impressed most of the interested parties, especially investors. The giant company disclosed that its newest products currently meet needs of the Hawaii and California markets.

This year witnessed Enphase IQ Microinverters obtain UL1741SA certification which means it complies with the California Rule 21.It is a rule that calls for more advanced grid functionality.

There is now more hope that the Enphase energy storage project applications will be moving at a faster pace through the permitting process. This follows the move by the Hawaiian Electric Co.’s Department of Planning and Permitting approval of the integration process.

January 2017 witnessed the unveiling of the Enphase AC Battery. Some top experts have spoken in this particular regard outlining that the faster processing was a good thing. They outlined that it in a major way helped the wide range of customers successfully install solar + storage systems that aligned to all requirements of the customer self-supply program.

The president and CEO of Enphase Energy, Paul Nahi while recently speaking to a number of top news reporters said, “Both of these announcements reinforce the value our newest products bring to key solar markets like California and Hawaii. These are trendsetter markets for solar, so it’s likely we’ll see similar developments in other states in the future, and Enphase is ready.”

Enphase is proud of the fact that it succeeded to obtain over 150 patents. It is glad that it can now continue to drive differentiation through meeting the changing needs of the various solar customers as well as innovation.

During a recent interview with one of the top media houses, an analyst said that it was amazing to observe how the company had been carrying out its activities over the years. He said that the global energy technology company has always been good at delivering smart, easy-to-use solutions according to Yahoo.

Enphase Energy revolutionized solar with its microinverter technology. This is something that has contributed to the company’s success in producing the integrated solar plus storage solution. At the moment, about 13 million microinverters are being shipped in by the provider.

Published by Neha Gupta

Swati has worked in diverse capacities from financial research to currency trading in a span of 3 years.

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