Enphase's US Expansion: 2 Solar Factories and Jobs

• Enphase Energy Inc. has announced its second U.S. factory partnership with Foxconn in Wisconsin. Learn about the Q2 earnings report, shipments from U.S. contract manufacturers, and net IRA benefit of 1.6 million. Third U.S. contract manufacturer shipments to start in Q3 2023.

Enphase Energy Inc. has announced a second U.S. factory partnership, this time with Foxconn in Mount Pleasant, Wisconsin. This follows their first U.S. factory partnership with Flex in South Carolina. The company's Q2 earnings report stated that approximately 50,000 units have been shipped from these two U.S. contract manufacturers and resulted in a net IRA benefit of 1.6 million. Enphase remains on track to begin shipments from the third U.S. contract manufacturer in the third quarter of 2023.

What Benefits Has Enphase Seen From US Factories?

• Enphase Energy Inc. has seen a net IRA benefit of 1.6 million from the two U.S. factories.
• The two factories are located in South Carolina and Wisconsin, respectively.
• The additional U.S. factory partnership with Foxconn in Mount Pleasant, Wisconsin was announced in Q2 earnings report.
• The new partnership is expected to result in increased manufacturing capacity, additional jobs, and new economic development opportunities in the region.
• The U.S. factories are expected to reduce costs and improve delivery times, as well as enable the company to respond quickly to customer demands and market trends.
• Enphase is on track to begin shipments from the third U.S. contract manufacturer in the third quarter of 2023.
• The U.S. factories will help Enphase Energy Inc. to expand into new markets and to better meet customer needs.