Enphase Energy Inc (ENPH)

[swanlinbar]

Growing Concerns Over Climate Change Accelerate Renewable Energy Implementations
9:00 am ET May 14, 2019 (PR Newswire) Print
Climate change has become a major topic of discussion in legislative offices around the world. The constant use of non-renewable energies such as coal and oil have caused significant harm to the Earth's environment and ecosystem. Moreover, non-renewable energies are leading to global warming, and as a result, the increased temperatures are causing polar ice caps and icebergs to melt. Subsequently, the rising ocean level is creating chaos among countries and islands that are situated on sea-level. As part of numerous government initiatives, countries are now shifting towards using renewable energies such as wind, hydro and solar power in order to combat the adverse effects of non-renewable resources. In particular, solar energy is much more sought after than other clean energies because when compared to hydro or wind power, solar energy is more commonly available around the world. Solar energy harnesses energy from the Sun's power directly through solar panels. The panels then pour the energy into storage solutions, allowing for continuous and consistent energy output throughout the day. According to data compiled by Global Market Insights, global solar energy was valued at USD 65 Billion in 2015. By 2023, the market is expected to reach USD 140 Billion. SinglePoint Inc. (OTC: SING), First Solar, Inc. (NASDAQ: FSLR), Canadian Solar Inc. (NASDAQ: CSIQ), SolarEdge Technologies, Inc. (NASDAQ: SEDG), Enphase Energy, Inc. (NASDAQ: ENPH)

Primarily, the solar energy industry is split into two sectors: photovoltaic and concentrated thermal power. Photovoltaic devices generate electricity directly from the sunlight through semiconductors. On the other hand, concentrated thermal power plants use mirrors to concentrate the Sun's energy to drive traditional steam turbines or engines in order to produce electricity, according to the Solar Energy Industries Association. On an international-basis, many countries, such as China, the United Kingdom, Germany, France, and the U.S. have already established solar energy plants. Moreover, regions such as the Middle East and Africa are expected to grow within the solar industry due to the rising electricity prices and government subsidies. Notably, the Paris Agreement is a global initiative signed by 179 parties in order to fight against climate change and adapt to its effects. The Paris Agreement central aim is to strengthen the global response to the threat of climate change by keeping the global temperature increase well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius, according to the U.N. for Climate Change. Due to declining prices of silicon solar panels and a global push for clean energy, the solar energy market is positioned to witness a bright future ahead. In the most optimistic scenario, solar generation is expected to increase by 16-hold between 2016 to 2040, according to data by the International Energy Agency. "The number of homes with solar will tick up pretty quickly," said Justin Baca, Vice President of Markets and Research for Solar Energies Industries Association. "We're personally looking forward to a day when solar is as ubiquitous as AC.
Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, delivers smart, easy-to-use solutions that connect solar generation, storage, and management on one intelligent platform. Enphase Energy, Inc. recently announced that the Company has entered into a multi-year supply agreement with Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) for its power transistors developed using CoolMOS(TM) C7 Gold (G7) superjunction MOSFET technology. The agreement is expected to provide Enphase with an increased supply of high-voltage power transistors starting in the second half of 2019. The high demand for power transistors from the electric vehicle (EV) industry has created industry-wide shortages, impacting Enphase's revenue and gross margin in the past two quarters. With this agreement, Enphase now has access to a dedicated source for 600 V power transistors, backed by a very efficient supply chain. The four Infineon 600 V CoolMOS(TM) G7 Power Transistors used in the AC output stage of seventh-generation Enphase IQ(TM) microinverters enable extremely reliable, high-performance power switching. "This agreement allows us to support the increased demand for Enphase's advanced solar microinverters," said Dr. Steffen Metzger, Senior Director and Product Segment Head high-voltage conversion at Infineon Technologies AG. "Infineon continuously invests in leading-edge technologies and significant production capabilities such as 300-millimeter wafers. Renewable energies and efficient power conversion are focus applications for Infineon. A close cooperation in technology roadmaps and long-term supply between Infineon and key customers like Enphase enables long-term success for both parties."

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia