Enphase perth

The Need for Smart Energy: Challenges & Opportunities for the Evolving Grid Keera Single Strategic Account Manager September 2015

The Enphase Promise

We make solar simple and energy smart.

Enphase from Start-­Up to #1

Founded by Raghu Belur and Martin Fornage in California

2006

2007

First microinverter system introduced

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2008 ~ 2011

1 million units s hipped, Enphase expands globally

| © 2015 Enphase Energy, Inc. | CONFIDENTIAL | F or internal use only

Enphase listed on NASDAQ under symbol ENPH

2012

7.2 million units shipped, representing over 1GW

2013

Fourth-­generation technology introduced

2014

Fifth-­generation technology announced

Enphase Leadership Position

#1

#1

#1

Residential PV inverter supplier in the Americas

Monitoring provider globally among power electronics vendors for PV markets

Vendor of single-­phase PV inverters in the Americas

128 PATENT FAMILIES Over 70 patents granted worldwide

Source: IHS and GTM Research 4

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Enphase  Technology

Technology Innovation

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Advanced Semiconductor Design

Proprietary Networking Technology

SaaS Energy Management Platform

Enphase Microinverter

Envoy Communications Gateway

Enlighten Platform

• Converts DC to AC

• Collects performance information

• Analytics ensures maximum production

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Residential Solutions

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Making Solar Simple

Plug-­and-­Play Components = Easier Installs • •

•

No HD conduit required within buildings Single-­bolt mounting

•

Engage System features snap-­together connectors

•

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Easy equipotential bonding – no separate 4mm2 earth cable No additional equipment for Earth Fault Alarm

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Storage  Challenges

Centralised Architecture Solution

Charge Controller

String Inverter

Series/Parallel PV Array

Series/Parallel PV Array Load Center

48 VDC/60A DC Load Off-­Grid Center Inverter Series/Parallel Battery Bank

Load Controllers

Load

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AC Load Center

Utility Meter

Distributed Architecture Solution Managed

by Enlighten PV System Load Center

Utility Meter

Load Controllers Load

Distributed PV (AC Module) 12

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Distributed Architecture Solution Managed Managed

by EEnlighten nlighten by

PV System Load Center Engage Cable

Utility Meter

Energy Storage System

Load Controllers Load

Distributed PV (AC Module) and Distributed Storage (AC Battery) 13

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Technology Advancements

[e]

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[e]

[e]

[e]

94% 175W

95% 190W

96%+ 215W

96.5%+ 250W, 215W

2008 First Gen

2009-­2010 Second Gen

2011-­2013 Third Gen

2014 Fourth Gen

| © 2015 Enphase Energy, Inc. | CONFIDENTIAL | F or internal use only

[e]

97% 230W, 270W 2015 Fifth Gen Announced

S-­Series Microinverter (5th Generation)

• • • •

• •

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| © 2015 Enphase Energy, Inc. | CONFIDENTIAL | F or internal use only

Software defined 230W, 270W 97% CEC efficiency Supports advanced grid functionality, including reactive power control • Volt/Var • Ride through • Freq/watt etc.

Ready for Rule 21 Bi-­directional power flow

Storage as an app

Platform for energy system • Solar as an app • • •

Storage as an app Zero Export as an app Capable of adapting over time

Utilising: • End point monitoring •

Controllability

Power conversion What other apps could we develop?

•

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AC Battery

•

Plug & Play Easy 1 person install

•

270W, 540W

•

1.2kWh

•

Estimated 10-­year battery life ELIIY Power LiFePO4 prismatic cells

•

•

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Residential Solutions

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Affordable  Storage

Affordability Challenge

“Tell ‘em the price, son” Little Do’er Carpets

②

Cost of chemistry Cost of power conversion

③

Cost of installation

④

Cost of integration & control

①

Rightsizing vs One Size Fits All

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| © 2015 Enphase Energy, Inc. | CONFIDENTIAL | F or internal use only

Affordability – Chemistry

• •

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EV market is driving down cost Looks just like VC money in PV market

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Affordability – Power Conversion

Leverages Enphase’s core competency – The ability to produce the most reliable, high volume, high performance, managed power electronic systems

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Affordability – Installation

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| © 2015 Enphase Energy, Inc. | CONFIDENTIAL | F or internal use only

Affordability – Integration

Envoy-­S • Powerline communications between devices • Energy consumption & solar production •

Wifi & Ethernet for reliable networking, cellular optional

•

Revenue grade metering Control for Zero Export

•

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Affordability – Integration

Seamless Integration Enlighten • Energy consumption & solar production

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•

Control dashboard for energy management

•

Adaptive system learns how to optimise usage & savings over time

Modularity & Expandability

• Scalable in 1.2kWh blocks • AC is the USB of electricity

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The Evolving Grid

Leadership in Monitoring

Continuous feedback from 340,000 systems actively monitored in 80 countries Approximately 1 terabyte per day 28

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High Penetration of PV in Hawaii Voltage issues due to high PV penetration HECO estimated tens of millions of dollars to reprogram • Identified 25,000 sites • 6 months in planning • 800,000 microinverters • 1 week rollout • 0 truck rolls Allowed more solar

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The Need for Smart Energy

Smart Solar

Smart Energy Smart Storage

Energy, Inc. | CONFIDENTIAL | F or internal use only 30 | © 2015 Enphase | © 2 013 Enphase Energy, Inc. | Confidential

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RE -­ Barnacle or the Brains of the Grid

OR Adaptable

Controllable

Hyper connected

More smart energy = More Reliable and More Efficient Grid 31

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| © 2015 Enphase Energy, Inc. | CONFIDENTIAL | F or internal use only

Comparison of Storage Solutions METRIC

CENTRALISED

Performance

Lower production and conversion Maximize output of each PV and efficiency storage module

Reliability

Multiple single points of failure

No single point of failure

Price

Many expensive components

Fewer components;; common microinverter for PV and battery

Simplicity

Complex design and installation

Simple design;; Plug and play

Safety

Broad distribution of high voltage Traditional AC wiring;; DC;; thermal runaway of batteries management of thermal runaway

Scalability

Limited by battery and inverter size

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ENPHASE

Incrementally expandable;; mix and match batteries