Enphase Energy integrates its solar and battery systems with Octopus Energy's smart tariffs, enhancing customer savings on electricity bills.
Quiver AI Summary
Enphase Energy, Inc. has announced the integration of its Enphase® Energy System with Octopus Energy's smart tariffs, including "Intelligent Octopus Flux" (IO Flux), allowing customers in the U.K. to save on electricity bills. This partnership, which follows a strategic alliance to deploy Enphase's IQ8™ Microinverters and IQ® Battery 5P™, enables users to optimize their energy consumption by automatically charging their batteries during off-peak times and exporting excess energy during peak periods. More than 40% of IO Flux customers reportedly profit from their energy export. The collaboration aims to enhance the value for homeowners while contributing to a greener energy grid. Enphase Energy offers a 25-year warranty for its microinverters and a 15-year warranty for its batteries in the U.K., accompanied by 24/7 customer support.
Potential Positives
- Enphase Energy's integration with Octopus Energy's smart tariffs allows customers to save money on electricity bills, enhancing the value proposition of its solar and battery systems.
- The announcement strengthens Enphase's strategic relationship with Octopus Energy, which is the largest energy provider in the U.K., increasing its market visibility and credibility.
- The Enphase Energy System with IQ8 Microinverters and IQ Battery 5P is fully compliant with U.K. regulations, demonstrating Enphase's commitment to high standards and customer satisfaction.
- The press release highlights Enphase's advanced technology and strong customer support, including a 25-year warranty for IQ8 Microinverters, positioning the company as a reliable long-term partner for homeowners.
Potential Negatives
- Integration with Octopus Energy highlights the dependence of Enphase Energy on third-party partners for enhancing their service offerings, potentially exposing the company to risks associated with partner performance and reliability.
- The mention of forward-looking statements introduces uncertainty regarding the actual performance and market adoption of Enphase's products, which may lead to possible investor concerns about future revenue streams.
- Despite the positive aspects of the partnership, the reliance on the success of Octopus Energy’s smart tariffs could suggest that Enphase's growth and profitability are not entirely under their control.
FAQ
What is the Enphase Energy System?
The Enphase Energy System consists of microinverter-based solar and battery systems designed for efficient energy management.
How does Octopus Energy's Intelligent Octopus Flux work?
Intelligent Octopus Flux optimizes the charging and discharging of solar and battery systems, providing better electricity rates for users.
What benefits do Octopus customers gain with Enphase products?
Octopus customers with Enphase systems can save on electricity bills and even profit by exporting surplus energy during peak times.
What warranties does Enphase offer for its products?
Enphase offers a 25-year warranty for IQ8 Microinverters and a 15-year warranty for IQ Batteries activated in the U.K.
How can customers monitor their Enphase Energy Systems?
Customers can use the Enphase App to monitor performance and intelligently manage their solar and battery systems.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ENPH Insider Trading Activity
$ENPH insiders have traded $ENPH stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ENPH stock by insiders over the last 6 months:
- BADRINARAYANAN KOTHANDARAMAN (President & CEO) has made 3 purchases buying 10,000 shares for an estimated $610,630 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ENPH Hedge Fund Activity
We have seen 310 institutional investors add shares of $ENPH stock to their portfolio, and 387 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORDEA INVESTMENT MANAGEMENT AB added 1,258,778 shares (+131.6%) to their portfolio in Q4 2024, for an estimated $86,452,873
- SWEDBANK AB removed 1,147,423 shares (-33.1%) from their portfolio in Q4 2024, for an estimated $78,805,011
- GOLDMAN SACHS GROUP INC added 940,341 shares (+42.3%) to their portfolio in Q3 2024, for an estimated $106,277,339
- MONTRUSCO BOLTON INVESTMENTS INC. removed 815,128 shares (-92.8%) from their portfolio in Q4 2024, for an estimated $55,982,991
- ALYESKA INVESTMENT GROUP, L.P. added 731,043 shares (+731.0%) to their portfolio in Q3 2024, for an estimated $82,622,479
- ELECTRON CAPITAL PARTNERS, LLC removed 693,492 shares (-58.6%) from their portfolio in Q3 2024, for an estimated $78,378,465
- HOLOCENE ADVISORS, LP removed 672,641 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $76,021,885
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FREMONT, Calif., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that the Enphase ® Energy System has integrated into Octopus Energy’s smart tariffs, such as “Intelligent Octopus Flux” (IO Flux), which can save customers money on electricity bills.
Last year, Enphase announced a new strategic relationship with Octopus to deploy IQ8™ Microinverters and IQ ® Battery 5P™ in the U.K. Octopus Energy uses Kraken - its proprietary software platform - to manage, control, and optimize distributed energy resources (DERs), allowing customers to flexibly control Enphase’s solar and battery systems. Many Octopus customers have already integrated this technology to unlock low-cost home energy rates.
Now, Octopus customers with Enphase solar and battery systems can benefit from Intelligent Octopus Flux - a smart import and export tariff. The product optimizes the charging and discharging of solar and battery systems, aiming to provide customers the best rates for consuming and selling electricity.
According to Octopus, more than 40% of IO Flux customers make a profit on their energy bills', getting paid for the energy they export rather than paying for energy import. Octopus customers with Enphase batteries can automatically charge when prices are lowest and export surplus energy during peak times, maximizing savings and supporting grid balance.
"Intelligent Octopus Flux helps customers make the most of their solar panels, optimizing usage in real time to cut bills,” said Nick Chaset, executive vice president at Octopus Energy. “Teaming up with Enphase, renowned for its reliable, top-notch tech, means we can deliver even more value to U.K. homeowners - saving money while building a smarter, greener grid together.”
Octopus Energy is the largest energy provider in the U.K., offering customer service and energy products to more than nine million households. The company has operations in 27 countries and its advanced data and machine learning platform, Kraken, supports more than 60 million customers worldwide.
The third-generation Enphase Energy System with IQ Battery 5P and IQ8 Microinverters offers a significantly improved experience for homeowners and installers because of more power, resilient wired communication, and an improved commissioning experience. Homeowners can also use the Enphase ® App to monitor performance and intelligently manage their systems. Enphase Energy Systems are fully G100-2 compliant to support the latest U.K. Electricity Networks Association requirements for grid connection of solar and battery storage. In addition, Enphase offers 24/7 customer support and an industry-leading warranty for both solar and battery products. This includes a 25-year warranty for all IQ8 Microinverters and a 15-year warranty for all IQ Batteries activated in the United Kingdom.
"This partnership with Octopus Energy represents the next step in our mission to deliver more value to homeowners by combining advanced technology with innovative energy programs,” said Marco Krapels, vice president of worldwide business development at Enphase Energy. “We're excited to work with Octopus on a global scale to provide meaningful wins for homeowners, Octopus, and all ratepayers, ultimately driving a cleaner, more cost-effective energy future."
Enphase Energy is also a participant in the Octopus Energy GridBoost battery program in Texas. For more information about Enphase Energy Systems in the United Kingdom, visit the website . For more information about Octopus Energy, please visit their 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 more than 73 million microinverters, and approximately 4.0 million Enphase-based systems have been deployed in more than 150 countries. For more information, visit https://enphase.com/ .
©2025 Enphase Energy, Inc. All rights reserved. Enphase, the “e” logo, IQ, IQ8, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks of Enphase Energy, Inc. in the United States and other countries. Other names are for informational purposes and may be trademarks of their respective owners.
About Octopus Energy Group
Octopus Energy is a global clean energy tech business, driving the affordable, green energy system of the future. Under its own retail brand, Octopus delivers world-class customer service and cutting edge energy products to 9 million households globally. Its operations span 27 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects.
Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 60 million customer accounts worldwide through licensing deals with companies such as EDF, E.ON and Origin Energy. Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide. For more information, check out our website .
Forward-Looking Statements
This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality and reliability; the availability and market adoption of Enphase Energy’s products in the United Kingdom; and Enphase Energy’s expectations about cost savings on electricity bills and unlocking low-cost home energy rates. 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 contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. 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
[email protected]
This press release was published by a CLEAR® Verified individual.