Enphase Energy Inc. recently passed the company milestone of 1 GW (AC) of Enphase Microinverters shipped worldwide.
In 2008, the company launched its first-generation microinverter system in North America and in five years the company has brought to market three succeeding technology generations while expanding internationally.
In the fourth quarter of 2013, Enphase shipped 107 MW (AC) of microinverter systems an increase of 14% compared on the third quarter and 30% year-on-year.
"We continued to see very strong business momentum during the fourth quarter, mainly driven by a healthy residential solar market in the U.S.," said Paul Nahi, CEO of Enphase. "During the fourth quarter, shipments exceeded 100MW of microinverter systems for the first time, marking another record quarter."
Enphase announced on November 5 it expected fourth-quarter revenue to be in the $62 million to $65 million range. As a result of the strong business momentum, Enphase now expects revenue for the final three months of 2013 to be $66 million to $67 million.
The company will release financial results for the fourth quarter and full year in late February.
