SOL - Enphase Energy Begins IQ Battery 5P Shipment in Canada | Benzinga
Enphase Energy, Inc. (NASDAQ: ENPH) recently launched its most powerful home battery solution, IQ Battery 5P, which comes with a 5-kilowatt-hour (kWh) capacity, in the solar market of Canada. The IQ Battery 5P, together with ENPH's new IQ8 microinverters, can supply dependable electricity to residential customers whenever needed.
How Will the Launch Benefit ENPH?
With the latest launch, the third-generation Enphase Energy System will now offer configurations ranging from 5 to 80 kWh to homeowners in Canada. It will also provide an improved experience for homeowners and installers due to its higher power, resilient wired connectivity and an improved commissioning process. With the IQ Battery 5P's durable and scalable energy storage system, homeowners in Canada will be able to control their energy future.
Furthermore, Canadian residents may now track performance and manage their battery systems intelligently using the Enphase App. This includes minimizing the quantity of electricity drawn from the grid by making use of self-consumption capabilities.
Therefore, considering the aforementioned discussion, it is evident that the latest launch will enable ENPH's Canadian clients to become more grid-independent and might attract more homeowners to choose IQ Battery 5P.
Per a white paper published by Energy Storage Canada in February 2024, anywhere between 8,000 MW and 12,000 MW ...