22 March 2022
"We are looking at a 10% market share in India", Sunil Thamaran, Enphase Energy
The Fremont, California Headquartered Enphase Energy has always travelled the path less travelled. Started in 2006, the solar inverter technology firm went the micro-inverter route, instead of the conventional industry move towards string inverters. Over time, the move has paid rich dividends, with the firm closing 2021 with revenues of $1.38 billion, a strong 78.5% growth over 2020. Most of this, from just the residential+commercial segment it focuses on.
The firm’s microinverters led the charge with shipments of 1,082 MW or 3,033,891 microinverters, even as the Enphase IQ batteries also made their presence felt with 100.2 MW hours of sales. Behind all this is a strong India connect, as the firm has a manufacturing, as well as software development presence in India with almost 1500 employees in total. With the firm finally looking at a market presence in India now, we caught up with Sunil Thamaran, VP and MD, Enphase Energy, who runs the India operations.
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