Enphase launches battery system for India’s single and three-phase markets

FREMONT, Calif. - Enphase Energy, Inc. (NASDAQ:ENPH), a profitable energy technology company with over $1.4 billion in annual revenue, announced Monday the introduction of its IQ Battery 5P with FlexPhase technology to the Indian market, expanding its energy storage solutions to serve both residential and small commercial customers. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet.

The new battery system supports single-phase and three-phase applications, addressing India’s diverse electrical infrastructure needs. Each 5 kWh battery delivers continuous power of up to 1.28 kW per phase in three-phase configuration and 3.84 kW in single-phase setup. This product launch comes as Enphase maintains a healthy gross profit margin of 33% and demonstrates strong cash flow generation.

The system can temporarily discharge up to twice its maximum continuous power for three seconds when paired with the IQ System Controller 3 INT, enabling operation of high-power devices during grid outages. The battery utilizes lithium-iron phosphate chemistry and offers modular expansion capabilities up to 40 kWh.

"With the IQ Battery 5P and FlexPhase technology, we are delivering a product that meets the needs of homes and small businesses in India, whether wired for single-phase or three-phase power," said Ken Fong, senior vice president of sales at Enphase Energy.

The product comes with a 15-year limited warranty in India and includes features such as Sunlight Jump Start, which allows IQ8 Microinverters to restart batteries using only sunlight after prolonged grid outages that drain the battery.

This launch extends Enphase’s global rollout of FlexPhase technology, which is now available in 18 European countries, Australia, and New Zealand, according to the company’s press release statement.

The IQ Battery 5P with FlexPhase is currently shipping to customers in India, targeting the country’s growing residential and small commercial solar markets where three-phase service is widely available. While Enphase’s stock has faced recent market pressure, InvestingPro analysis suggests the company is currently undervalued, with analysts maintaining positive earnings forecasts for the year ahead. For detailed insights and 10+ additional ProTips about Enphase’s investment potential, visit InvestingPro’s comprehensive research report.

In other recent news, Enphase Energy has reported several key developments. The company announced a collaboration with Essent, a major residential energy provider in the Netherlands, to offer financial incentives for customers who expand their solar systems with Enphase IQ Batteries. This partnership allows participating homeowners to receive monthly compensation based on battery capacity while enabling Essent to optimize energy use. In addition, Enphase has begun accepting U.S. pre-orders for its next-generation IQ EV Charger 2, which can integrate with Enphase solar and battery systems and is expected to ship by November 2025. The company also unveiled a new IQ Bidirectional EV Charger that supports vehicle-to-home and vehicle-to-grid capabilities, enhancing energy management for homeowners.

Furthermore, Enphase has launched pre-orders for its IQ9N-3P Commercial Microinverter, the first to use gallium nitride technology, offering high efficiency and support for large solar panels. Analyst firm Jefferies raised its price target for Enphase Energy to $41, citing an improving outlook in the residential solar sector. These recent developments highlight Enphase Energy’s continued innovation and strategic partnerships in the renewable energy market.

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