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RegGuheert
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Enphase announces restructuring plans

Tue Sep 27, 2016 6:06 am

Enphase announced last week on their blog that they will lay off 11% of their workforce, raise additional capital and eliminate some non-core projects:
Enphase Energy wrote:This week, our leadership announced a plan to restructure Enphase Energy and raise additional capital so the company is best positioned for success. These actions will enable us to focus on our core competency and our core markets.

As part of the restructuring, Enphase is reducing our worldwide staff by approximately 11% and eliminating certain non-core projects. The restructuring actions are expected to be completed in the fourth quarter of 2016.
RegGuheert
2011 Leaf SL Demo vehicle
2011 miles at purchase. 10K miles on Apr 14, 2013. 20K miles (55.7Ah) on Aug 7, 2014, 30K miles (52.0Ah) on Dec 30, 2015, 40K miles (49.8Ah) on Feb 8, 2017.
Enphase Inverter Measured MTBF: M190, M215, M250, S280

GetOffYourGas
Posts: 1629
Joined: Tue Dec 20, 2011 6:56 pm
Delivery Date: 09 Mar 2012
Location: Syracuse, NY

Re: Enphase announces restructuring plans

Tue Sep 27, 2016 6:28 am

Laying off 11% of the workforce is significant. As painful as these decisions are, I'm glad to see they are willing to make them. There is a lot of churning in general in the alternative energy world. No thanks to the variability of subsidies, which makes it nearly impossible to plan long-term.

And being an election year in the U.S., the next 4 years are especially uncertain.
~Brian

EV Fleet:
2011 Torqeedo Travel 1003 electric outboard on a 22' sailboat
2012 Leaf SV (traded for Bolt)
2015 C-Max Energi (302A package)
2017 Bolt Premier

rmay635703
Posts: 409
Joined: Wed Jan 19, 2011 7:43 pm

Re: Enphase announces restructuring plans

Tue Sep 27, 2016 7:32 am

Couldn't see this coming

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