Enphase introduces plans to start united state inverter manufacturing lines in 2023
- On a Nov. 30 webinar with ROTH Capital Partners, Enphase CEO Badri Kothandaraman introduced the firm intends to start four to 6 new united state production lines in 2023. Enphase will be dealing with 3 agreement producers, two of which are current companions, to create 4.8 to 7.2 GWAC of U.S. microinverters per year.
Badri stated the firm is committed to three new lines no matter what occurs with the Inflation Reduction Act (IRA) to satisfy need for its items. Unpredictability continues to be around the domestic manufacturing tax obligation credits in the new law, which is why Enphase is still speaking tentatively about U.S. plans. Suppliers are waiting for even more details from the Dept. of the Treasury about just how products receive the production incentives. Lots of parts of inverters will certainly still need to be sourced from overseas, with final assembly taking place in the U.S
In ROTH's webinar, Enphase stated it thinks it can maintain a majority of the 11 cents/ W credit offered for microinverters. Badri said Enphase would certainly not be making the financial investment in united state ability unless the firm is receiving a considerable ROI.