Enphase Boosts Presence in India with Battery Launch
New Delhi, India – Enphase Energy, a global leader in solar microinverters, is set to make a significant stride in the Indian solar market. The company has announced plans to expand its product line in India by introducing lithium-ion batteries by the end of 2024.
This strategic move aligns with Enphase Energy’s commitment to providing comprehensive solar solutions to Indian customers. The introduction of lithium-ion batteries will complement the company’s existing portfolio of microinverters, offering homeowners and businesses a more complete energy storage and management system.
Enphase Energy’s revenue in India has doubled compared to the previous year, demonstrating strong customer demand for its innovative products. This growth is fueled by the increasing adoption of solar energy and the growing need for reliable and efficient energy storage solutions.
Enphase Energy’s Indian Expansion
“India’s solar energy journey is a remarkable story, and we are excited to be a part of it, …To further strengthen our presence, we are expanding our product portfolio beyond solar inverters and introducing lithium-ion batteries specifically tailored for the Indian market.”
Raghu Belur, SVP, Co-Founder, and Chief Products Officer at Enphase Energy
Currently, Enphase Energy manufactures its lithium-ion batteries at a third-party facility in the United States. However, the company is exploring the possibility of establishing a manufacturing plant in India in the future.
Enphase Energy’s strategic expansion in India positions the company as a key player in the country’s transition to a cleaner and more sustainable energy future. With its innovative products and commitment to customer satisfaction, Enphase Energy is well-equipped to meet the growing demand for solar energy and energy storage solutions in India.
Navigating the Lithium Supply Chain
The supply chain for this critical mineral presents significant challenges, particularly due to China’s dominance in both lithium deposits and processing capabilities. Countries like Australia, Chile, China, Argentina, and Brazil hold the lion’s share of lithium reserves, while China has emerged as the primary processor.
The company is actively addressing these supply chain concerns. While the company plans to incorporate lithium-ion-phosphate batteries into its product offerings, it recognizes the importance of diversification and innovation.
To mitigate risks associated with a concentrated supply chain, Enphase has taken steps to diversify its manufacturing operations. While the company initially relied heavily on China for production, it has now shifted a significant portion of its manufacturing to the United States. This strategic move not only reduces dependence on a single region but also aligns with the growing emphasis on domestic production and supply chain resilience.
Enphase’s commitment to diversification extends beyond manufacturing. The company has a strong global presence, with operations in the United States, Mexico, China, and India. Its manufacturing facility in Chennai, India, produces microinverters with an annual capacity of six million units, serving markets in the United States, Brazil, South-East Asia, and Europe. Additionally, Enphase’s R&D center in Bengaluru plays a pivotal role in driving technological advancements and engineering excellence.