CHRISTCHURCH, New Zealand--(BUSINESS WIRE)--
Enphase
Energy, Inc. (NASDAQ:ENPH) today announced the planned expansion of
its global engineering facility in Christchurch, New Zealand to support
the design, development and testing of its microinverters.
The Christchurch engineering location will integrate its existing office
and engineering facilities, expanding the company's headcount in New
Zealand and contributing to its global growth. Located in Middleton, the
new facility will be Enphase's second largest office outside the
company's headquarters in California, United States.
"New Zealand is an untapped market for exceptional engineering talent,"
said Nathan Dunn, Asia-Pacific managing director for Enphase.
"Christchurch's heritage in developing talent in the power electronics
and engineering industry is globally recognised, and Enphase is
delighted to call Christchurch home."
Enphase plans to expand its New Zealand engineering workforce by 35
percent by the fourth quarter 2016 and expects to draw on its
relationship with the University of Canterbury in order to recruit
employees. The University of Canterbury's graduate placement initiative
is aided by a New Zealand government-funded program and administered by
Callaghan Innovation. Furthermore, Enphase has been able to employ the
talent of 18 former Eaton engineers, hired in the wake of that company's
2012 departure from the New Zealand market. These 18 engineers became
the core of Enphase's new facility in Christchurch.
Dunn added, "Enphase's engineers in New Zealand have made several
important and strategic product development contributions. These have
laid the foundation for the entry of our highly successful range of
microinverters into the Australasian and European markets. These regions
combined with all other markets outside of North America, contribute
approximately 15 percent of our global revenue."
New Zealand is a growing market for Enphase as it has traditionally
relied heavily on hydro to power its energy requirements. The New
Zealand Green Party has outlined its vision to deliver solar to 30,000
homes in three years through a proposed 30,000 Solar Homes policy. A
report by Sustainable Electricity Association New Zealand states that
solar installations increased by over 335 percent from 2011 to 2014, to
a total installed capacity of around 10mW.
"We are extremely positive about our business potential and growth in
New Zealand," said Dunn. "It is a unique market where solar has the
potential to grow and expand without the political legacy of subsidies
propping up the renewable energy industry."
Some of Enphase's commercial customers in New Zealand include The
Auckland War Memorial with a 50kW system and The Mussel Pot with a 10kW
system, installed by What Power Crisis and SunPower Solar, respectively.
Enphase recently received the 2014 Global Frost & Sullivan Award in
recognition of the company's Technology Leadership. It cited Enphase as
having made considerable progress toward achieving the company's vision
of providing clean, reliable and affordable solar energy to both the
mainstream commercial and residential sectors through its innovative
microinverters.
About Enphase Energy, Inc.
Enphase Energy delivers microinverter technology for the solar industry
that increases energy production, simplifies design and installation,
improves system uptime and reliability, reduces fire safety risk and
provides a platform for intelligent energy management. Our
semiconductor-based microinverter system converts energy at the
individual solar module level and brings a systems-based, high
technology approach to solar energy generation. Connect with Enphase on Facebook
and follow us on Twitter.
www.enphase.com/au
Forward-Looking Statements
This press release may contain forward-looking statements, including
statements related to Enphase Energy's financial performance, market
demands for its products, and advantages of its technology and market
trends. These forward-looking statements are based on the company'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 these risks and uncertainties and other risks detailed in
the "Risk Factors" and elsewhere in Enphase Energy's latest Securities
and Exchange Commission filings and reports. 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.
Enphase Energy®, the Enphase logo and other trademarks or service names
are the trademarks of Enphase Energy, Inc.
Enphase Energy APAC
Olivia Smith, +61-402-044-811
osmith@enphaseenergy.com
Source: Enphase Energy, Inc.
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