U.S. President Joe Biden to Tour Manufacturing Facility with Flex and Enphase Executives Today
FREMONT, Calif., July 5, 2023 —
Enphase Energy, Inc.
(NASDAQ: ENPH), a global energy technology company and the world's leading
supplier of microinverter-based solar and battery systems, today announced
initial shipments of Enphase IQ ® Microinverters produced in
Columbia, South Carolina by global diversified manufacturer
Flex
(NASDAQ: FLEX). This marks the first production from one of
Enphase Energy’s three contract manufacturing partnerships in the United
States, helping to meet the strong global demand for Enphase’s products. The
Inflation Reduction Act (IRA) has enabled Enphase Energy to begin
manufacturing in the United States, creating new jobs and advancing the
country’s clean energy economy.
Enphase Energy and Flex will be hosting a kickoff event and tour today at
Flex’s manufacturing facility in Columbia, South Carolina. Attendees will
include Joe Biden, president of the United States, Revathi Advaithi, CEO of
Flex, Badri Kothandaraman, president and CEO of Enphase Energy, national and
state government officials, and additional leadership from both Flex and
Enphase Energy.
“Enphase shares our commitment to accelerating the world’s transition to
clean energy through advanced technology and strategic regional
manufacturing,” said Revathi Advaithi, CEO of Flex. “We thank Enphase for
their 15-year partnership to deliver their IQ Microinverters to market
faster and at scale globally with reliable, sustainable business practices.
We also thank President Biden and the U.S. Congress for the Inflation
Reduction Act, which has increased interest and demand for clean technology
and American manufacturing, as evidenced by today’s announcement with
Enphase.”
“We are pleased that President Biden is able to visit our manufacturing
operations at Flex’s factory in South Carolina today, and we appreciate his
support of U.S. companies investing in domestic manufacturing,” said Badri
Kothandaraman, president and CEO of Enphase Energy. “Enphase is proud to be
a leader in expanding the domestic manufacturing of clean energy products
while bringing high-technology jobs and further economic development to the
United States. We thank Flex for its commitment as a valuable partner
globally over the past 15 years, and we are pleased to expand our
partnership in the United States to better service our customers with local
manufacturing."
IQ Microinverters leverage Enphase Energy’s unique software-defined
architecture and semiconductor integration for excellent reliability and
economies of scale. Enphase Energy’s microinverters are subjected to a
rigorous reliability and quality testing regimen with more than one million
cumulative hours of power-on testing to ensure exceptional performance under
heat, high humidity, salty air, extreme cold, and harsh climate conditions,
and come with a 25-year limited warranty in the United States.
For more information about IQ Microinverters, please visit the Enphase
website.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is
the world's leading supplier of microinverter-based solar and battery
systems that enable people to harness the sun to make, use, save, and sell
their own power—and control it all with a smart mobile app. The company
revolutionized the solar industry with its microinverter-based technology
and builds all-in-one solar, battery, and software solutions. Enphase has
shipped approximately 63 million microinverters, and approximately 3.3
million Enphase-based systems have been deployed in more than 145 countries.
For more information, visit
https://www.enphase.com
and follow the company on
Facebook,
LinkedIn
and Twitter.
© 2023 Enphase Energy, Inc. All rights reserved. Enphase, the "e" logo, IQ,
and certain other marks listed at
https://enphase.com/trademark-usage-guidelines
are trademarks of Enphase Energy, Inc. in the U.S. and other countries.
Other names are for informational purposes and may be trademarks of their
respective owners.
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps
a diverse customer base design and build products that improve the world.
Through the collective strength of a global workforce across 30 countries
and responsible, sustainable operations, Flex delivers technology
innovation, supply chain, and manufacturing solutions to diverse industries
and end markets.
Forward-Looking Statements
This press release may contain forward-looking statements, including
statements related to manufacturing, economic development and the creation
of jobs. These forward-looking statements are based on Enphase’s current
expectations and inherently involve significant risks and uncertainties.
Actual results and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of certain risks
and uncertainties, including those risks described in more detail in
Enphase’s most recently filed Quarterly Report on Form 10-Q for the quarter
ended March 31, 2023, its Annual Report on Form 10-K for the year ended
December 31, 2022 and other documents on file with the SEC from time to
time, which are available on the SEC’s website
at https://www.sec.gov/. 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, except as required by law.
Contact:
Enphase Energy
press@enphaseenergy.com
For more information about the Enphase and Flex clean energy innovation event with President Joe Biden, please click here.