SYDNEY, AUSTRALIA--(Marketwired - September 12, 2016) - Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced that its smart grid ready S-Series Microinverters and AC Battery have been certified as compliant to the AS/NZS 4777.2:2015 grid connection standard.
The Enphase S-Series Microinverter and Enphase AC Battery are fully compliant to AS/NZS 4777.2:2015 when installed with the new Envoy-S Metered +DRM Communication Gateway, which is available now through authorised distributors.* These products have also been listed as approved equipment by the Clean Energy Council in Australia. Enphase is the only microinverter manufacturer that has achieved this certification to date.
AS/NZS 4777.2:2015 replaces AS/NZS 4777.2:2005 and AS/NZS 4777.3:2005, which expire on October 9, 2016. The new standard provides a framework for advanced grid functions and demand response features that enable intelligent distributed energy resources such as the Enphase S-Series Microinverter and AC Battery to contribute to the smooth functioning of the electrical grid and allow greater adoption of renewable resources.
The new standard will be required throughout Australia on October 9, and will be required in New Zealand once regulations are updated to cite the new standard. After October 9, authorities may require new installations or upgrades to existing grid-connected PV and battery storage installations to use inverters that are certified to meet the new standard.
"This certification is the result of a long-term collaborative effort from our technical teams who have worked tirelessly to ensure our systems meet these new requirements ahead of the deadline," said Nathan Dunn, managing director of Enphase Asia-Pacific. "This concerted effort underscores our ongoing investment in the Australian and New Zealand markets, in which we continue to see tremendous future growth opportunities for innovative products like the Enphase Home Energy Solution."
As the global leader in microinverters with more than 12 million shipped to date, Enphase is now establishing itself as a pioneer in AC storage technology. The Company's Australian and New Zealand distribution partners have provided volume projections totalling 70,000 batteries in Australia and New Zealand over the next 12 months.
Installers can find further information and training events at https://enphase.com/en-au/events. To purchase Enphase systems, please contact an authorised distributor.
*AS/NZS 4777.2:2015 certified Enphase products include: Enphase S-Series PV Microinverters: S230-60-LN-2, S230-60-LN-2-AU, S230-60-LN-5, S230-60-LN-5-AU, S270-72-LN-2, S270-72-LN-2-AU, S270-72-LN-5-AU; Enphase AC Battery Microinverter: S270-ACB-LN-YY
This press release contains forward-looking statements, including, but not limited to, statements related to market demand for Enphase Energy's AC batteries in Australia and New Zealand as well as Enphase's ability to meet such demand, competitive position and advantages of its technology. 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: whether current pre-orders result in binding contractual commitments; 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 broader market acceptance of its products and to develop new and enhanced products in response to customer demands and rapid market and technological changes in the solar industry; the success and pricing 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, including distribution inventory levels, 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 Quarterly Report on Form 10-Q for the quarter ended June 30, 2016, which is on file with the SEC and available on the SEC's website at www.sec.gov. All information set forth in this press release and its attachments is as of the date of this press release. 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.
About Enphase Energy
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that connect solar generation, storage and management on one intelligent platform. The company revolutionized solar with its microinverter technology and produces the world's only truly integrated solar plus storage solution. Enphase has shipped approximately 12 million microinverters, and more than 500,000 Enphase residential and commercial systems have been deployed in more than 100 countries. Visit www.enphase.com for more information and follow the company on Facebook, LinkedIn and Twitter.
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