Enphase Strengthens Home Battery Storage in Australia: New Revenue Models Through Partnership Between Evergen and Enphase - Stock Rises

Fremont (USA) – Enphase Energy has linked its home battery systems in Australia with the Virtual Power Plant (VPP) platform from Evergen. The aim of the integration is to enable households to participate more actively in flexible electricity markets while generating additional revenue from the use of their battery storage systems.

According to Enphase, owners of Enphase IQ Batteries will be able to optimise their systems more effectively in the future: “Charging at low prices, feeding electricity back during high-price periods, and participating in grid-support programs” will be enabled via the Evergen platform. The platform is already used by energy utilities in Australia and New Zealand and orchestrates numerous VPP programs.

“Integrating with Enphase unlocks more choice and more value for Australian households,” said Ryan Wood, Head of Commercial at Evergen. The platform enables users to “unlock new revenue streams – while also supporting a more resilient electricity grid.”

Enphase also sees the cooperation as a strategic expansion of its offering. “By pairing the federal battery rebate with state incentives, retailer programs, and optimization platforms like Evergen, we can help accelerate battery adoption and deliver a better energy experience for our customers,” said Marco Krapels, Senior Vice President Global Energy Markets and CMO at Enphase Energy.

In Australia, government support schemes are also in place, including the “Cheaper Home Batteries Program,” which, according to the company, can cover up to 30% of eligible system costs. Combined with additional incentives from states and utilities, this is expected to reduce upfront investment barriers for home storage systems.

Enphase points to extensive VPP experience with more than 65 programs across eight countries. The new integration is intended to further advance the flexibilisation of solar and battery systems in the Australian energy market.

Enphase Energy shares rose 10.1% over the past week to EUR 30.51 (closing price, 24 April 2026, Stuttgart Stock Exchange). The stock of the RENIXX World-listed renewable energy company is currently trading at EUR 29.83.

Source: IWR Online, 28 Apr 2026