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Enphase to Take on Tesla Amid Australia Energy-Storage Push

  • California company targets up to $20 million in 2016 sales
  • Hawaii, Europe are seen as next markets Enphase will target
Updated on

Enphase Energy Inc., the California-based solar-technology company, is targeting $10 million to $20 million in sales of energy-storage systems this year largely in its first markets, Australia and New Zealand, as it takes on competitors including Tesla Motors Inc.

Enphase expects home storage products to start generating revenue in those two countries in the second half of 2016 before introducing the technology in Hawaii and then turning to Europe in 2017, Chief Financial Officer Kris Sennesael said in a phone interview on Monday. The company expects sales of as many as 4,000 systems this year, he said, as the global roll out of the technology for power storage gathers pace.