Enphase Energy Announces Partnership with Green Mountain Power to Launch Innovations in Vermont including the Home Battery Lease Program

Core Insights - Enphase Energy has partnered with Green Mountain Power to enhance customer benefits through technology and grid transformation [1][2] - The partnership includes a home battery lease program aimed at providing backup power and reducing costs during peak usage times [1][2] - Enphase's IQ Battery systems are part of GMP's 75 MW virtual power plant, which is Vermont's largest dispatchable energy source [2][3] Company Overview - Enphase Energy is a leading global energy technology company based in Fremont, California, specializing in microinverter-based solar and battery systems [5] - The company has shipped approximately 84.8 million microinverters and deployed over 5 million Enphase-based systems in more than 160 countries [5] Product Details - GMP's battery lease program offers a ten-year lease for two IQ Battery 10C systems at $55 per month or a one-time payment of $5,500 [3] - All products in the 4th-generation Enphase Energy System come with a 15-year warranty and 24/7 customer service [3] - Enphase plans to launch a bidirectional electric vehicle charger in 2026, allowing electric vehicles to power homes or send power to the grid [2][3]