Enphase Energy’s Solar Megawatt Shipments (2016-2023)

This statistic highlights Enphase Energy’s Solar Megawatt Shipments, reported on a quarterly basis from Q1 2016 onwards.

Enphase Energy, Inc. is a global energy technology company that provides a microinverter system that converts solar energy into electricity for homes and businesses. The company designs, develop, manufactures, and sells energy solutions that integrate energy generation, storage, control, and communications on a single intelligent platform. Customers and installers can access the data via digital platforms such as the website or smartphones.

Enphase Energy’s Solar Megawatt Shipments

The table below shows the amount of solar power shipped by a given number of microinverters in each quarter:

Microinverters are devices that convert direct current (DC) generated by a single solar module to alternating current (AC) for use or export. Solar power shipped, represents the total capacity of all microinverters, shipped in the respective quarters.

Enphase Energy’s active supply of solar power or microinverters is as follows:

• In Q1 2016, Enphase Energy Inc. shipped 143MW of solar power or 611,000 microinverters.
• From Q1 2016 to Q1 2021, the demand for solar power increased by 480 %, and the company now shipped 830MW of solar power or 24,52,765 microinverters. The demand for solar power is increasing, that’s why the company has shown consistent growth on a year-over-year basis.
• Enphase witnessed the growth of 29.08% in shipment from 643 MW of solar power or 20,12,476 microinverters in Q1 2020 to 830 MW of solar power or 24,52,765 microinverters in Q1 of 2021.
• Enphase Energy Inc. shipped 6.2 million microinverters in 2019, up from 2.8 million in 2018. This represents a more than 100 % increase.
• In Q2 2020, the Covid-19 pandemic reduces solar power shipment by 45%, from 643 MW to 355 MW, or 20,12,476 microinverters to 10,87,662 microinverters. However, the company shipped 9.3 million microinverters in a single year. This equates to a 50% increase in shipment.
• Enphase Energy witnessed 75% growth in solar power shipment From Q3 2020 to Q1 2021. The company experienced strong demand for its solar and storage systems worldwide.

To strengthen its portfolio, the company successfully launched the Enphase installer network in the US and Australia in April 2020. The company is ready to expand its business in the Netherlands, Belgium, and some European countries in 2021. Furthermore, the company acquired two businesses to accelerate its digital transformation. Sofdesk Inc., which provides solar design software to installers, and DIN Engineering Services, LLP’s Solar Design Services, which provides permitting and proposal services to installers.

Company Overview

Enphase Energy Inc is an American energy technology company founded in 2006 by Raghu Belur and Martin Fornage. Its headquarters in Fremont, California.

Enphase Energy uses innovative technology in the solar industry with its micro inverter-based technology and produces a fully integrated solar-plus-storage solution. The company has shipped more than 34 million microinverters to more than 130 countries.

Enphase Energy Inc. has invested over $20 million as a capital investment in Mexico and produced over 2 million microinverters. The company faces tough competition with Sensus Metering Systems, SolarEdge, Maxwell Technologies, and Inaccess.

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