Asahi shares mark weekly slide after cyberattack halts production
FREMONT, Calif. - Enphase Energy, Inc. (NASDAQ:ENPH), a profitable energy technology company currently trading below its InvestingPro Fair Value, announced Thursday a collaboration with Essent, one of the largest residential energy providers in the Netherlands, to offer financial incentives for customers who expand their solar systems with Enphase IQ Batteries.
Through Essent’s Smart Steering program, participating homeowners may qualify for fixed monthly compensation of up to €122, depending on battery capacity. The program allows Essent to remotely control battery charging and discharging to optimize energy use for both households and the grid.
The partnership comes as the Netherlands prepares to transition away from net energy metering in 2027, when households will need to rely more on battery storage to maximize solar energy utilization and avoid export fees.
"By combining our Smart Steering program with Enphase IQ Batteries, homeowners benefit from fixed, affordable rates and can earn up to €122 per month," said Marleen Prins, chief operating officer at Essent.
The Enphase IQ Battery 5P supports configurations from 5 to 60 kWh, with each 5-kWh unit delivering 3.84 kW of continuous power. Enphase provides 24/7 customer support and offers a 15-year warranty for IQ Battery 5P units activated in the Netherlands.
According to the press release, the initial offer will launch with a limited number of Enphase solar-only customers before broader availability follows.
Essent, part of the E.ON Group, provides electricity, gas, heating, and energy services to millions of customers across the Netherlands.
In other recent news, Enphase Energy has seen a series of significant developments. Jefferies raised its price target for Enphase Energy to $41, citing an improving outlook in the residential solar industry. The firm maintained a Hold rating, indicating steady prospects for the company. Enphase Energy has also started accepting U.S. pre-orders for its next-generation IQ EV Charger 2, with shipments anticipated by November 2025. This smart charger can function independently or integrate with Enphase’s solar and battery systems, providing substantial power for both residential and commercial applications. Additionally, the company unveiled its new IQ Bidirectional EV Charger architecture, designed for vehicle-to-home and vehicle-to-grid capabilities, enhancing its product offerings. Enphase has also begun pre-orders for its GaN-powered IQ9N-3P Commercial Microinverter, which is designed for three-phase grid configurations and boasts high efficiency. Meanwhile, the broader U.S. solar sector has been buoyed by China’s efforts to combat deflation, leading to a gradual recovery in solar wafer prices.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.