Enphase Energy, Inc. announced a new partnership with Green Mountain Power (GMP) in Vermont to launch innovations benefitting customers through technology and grid transformation. GMP selected Enphase to join its home battery lease program where customers have back up power when they need it and share stored energy during peak usage times so GMP can reduce costs for everyone. GMP's battery lease program is a significant part of its growing 75 MW virtual power plant, which is now Vermont's largest dispatchable energy source and peaking plant, helping to reduce costs for all GMP customers while boosting resiliency and grid flexibility.
GMP and Enphase also expect to partner in bringing Vermonters the latest innovations, including access to Enphase's bidirectional electric vehicle charger. The IQ® Bidirectional EV Charger is expected to launch in 2026 and will enable electric vehicles to power homes if the grid is down or send power to the grid during peak demand, adding another form of energy storage to GMP's growing suite of flexible home energy offerings. GMP's battery lease programs will offer eligible customers a ten-year lease of two IQ® Battery 10C?
systems at $55 per month or a one-time payment of $5,500. All products in the 4th-generation Enphase® Energy System - including the IQ Battery 10C, IQ® Meter Collar, and IQ® Combiner 6C - come with Enphase's 15-year warranty, 24/7 customer service, and access to the Enphase® App for advanced system performance monitoring. Enphase also recently announced first shipments of the IQ Battery 10C supplied from manufacturing facilities in the United States that meet the new domestic content requirements.
Enphase Energy, Inc. is a global energy technology company. The Company designs, develops, manufactures and sell home energy solutions that manage energy generation, energy storage and control and communications on one intelligent platform. Its Enphase Energy System brings a high-technology, networked approach to solar generation plus energy storage, by leveraging its design across power electronics, semiconductors and cloud-based software technologies. Its integrated approach to energy solutions maximizes a homeâs energy potential while providing advanced monitoring and remote maintenance capabilities. The Enphase Energy System uses a single technology platform for seamless management of the entire system, including IQ Microinverters, IQ Batteries, IQ EV Charger, and other hardware. It has a built-in system redundancy in both photovoltaic (PV) generation and energy storage. Its commercial systems have been deployed in more than 150 countries.
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