On a Nov. 30 webinar with ROTH Capital Partners, Enphase CEO Badri Kothandaraman introduced the corporate plans to start out 4 to 6 new U.S. manufacturing traces in 2023. Enphase can be working with three contract producers, two of that are present companions, to provide 4.8 to 7.2 GWAC of U.S. microinverters per yr.
Badri mentioned the corporate is dedicated to a few new traces no matter what occurs with the Inflation Discount Act (IRA) to fulfill demand for its merchandise. Uncertainty stays across the home manufacturing tax credit within the new regulation, which is why Enphase continues to be talking tentatively about U.S. plans. Producers are ready for extra data from the Dept. of the Treasury about how merchandise qualify for the manufacturing incentives. Many components of inverters will nonetheless should be sourced from abroad, with remaining meeting taking place within the U.S.
In ROTH’s webinar, Enphase mentioned it believes it may possibly maintain a majority of the 11¢/W credit score accessible for microinverters. Badri mentioned Enphase wouldn’t be making the funding in U.S. capability except the corporate is receiving a major ROI.
