Enphase Energy Announces Collaboration with Essent in the Netherlands

Core Insights - Enphase Energy has announced a collaboration with Essent, a major residential energy provider in the Netherlands, to enhance solar energy utilization for customers through the Smart Steering program [1][4]. Group 1: Collaboration Details - The collaboration allows Enphase customers with solar systems to integrate IQ Batteries and participate in Essent's Smart Steering program, aimed at increasing self-consumption and reducing energy bills [1][3]. - Homeowners participating in the Smart Steering program can receive fixed monthly compensation of up to €122, depending on the size of the Enphase IQ Battery, which can be up to 20 kWh [2][4]. Group 2: Market Context - As the Netherlands plans to phase out net energy metering (NEM) by 2027, households will increasingly depend on battery systems to avoid export fees and enhance solar energy utilization [3]. - The Smart Steering program provides predictable monthly incentives linked to intelligent battery management, which will be crucial as market rules change [3]. Group 3: Product Information - The Enphase IQ Battery 5P supports configurations ranging from 5 to 60 kWh, with each 5-kWh unit delivering 3.84 kW of continuous power, optimizing daily performance [4]. - Enphase offers 24/7 customer support and a 15-year warranty for IQ Battery 5P units activated in the Netherlands [4]. Group 4: Company Background - Enphase Energy is a global leader in microinverter-based solar and battery systems, having shipped approximately 83.1 million microinverters and deployed over 4.9 million systems in more than 160 countries [7].