Founded in 2006 by Raghu Belur and Martin Fornage in California, Enphase transformed the solar industry with its microinverter technology. The company listed on the NASDAQ in 2012 and later expanded its portfolio to include smart battery technology and energy management systems. By 2024, Enphase had shipped over 73 million microinverters and deployed more than 5.2 million systems across 165 countries.