Enphase Energy Expands its Support for Grid Services Programs Across North America

Core Insights - Enphase Energy is expanding its support for grid services programs, specifically virtual power plants (VPPs), in Puerto Rico, Colorado, and Nova Scotia, Canada, utilizing the IQ Battery 5P [1][5] Grid Services Programs - Grid services programs utilize energy stored in home batteries to alleviate load on the electric grid during peak demand, reducing reliance on expensive and polluting power plants [2] - Homeowners can receive incentives for participating in these programs, which may include discounts on Enphase Energy Systems or ongoing payments [2] Puerto Rico - The LUMA Energy Puerto Rico Customer Battery Energy Sharing Program offers participants with three IQ Battery 5Ps approximately $1,000 per year if the batteries deliver up to 80% of their energy capacity during demand response events [2] Colorado - The Xcel Colorado Renewable Battery Connect Program provides an upfront incentive of $350 per kW, capped at $5,000 per site. Homeowners installing three IQ Battery 5Ps could earn $4,032 upfront plus an annual payment of $100 over five years [3] Nova Scotia - The Efficiency Nova Scotia Eco Shift Pilot rewards participants with $500 upfront and an average performance incentive of $300 per kW delivered per season. A typical 15 kWh Enphase IQ Battery system can earn up to $1,500 per year if it delivers 80% of its energy capacity during demand response events [4] Company Overview - Enphase Energy is a global energy technology company based in Fremont, CA, recognized as the leading supplier of microinverter-based solar and battery systems [6] - The company has shipped approximately 80 million microinverters and deployed around 4.7 million Enphase-based systems in over 160 countries [7]