SunPower

SunPower and The New Home Company Create Sustainable, Energy Independent Community with Solar, Energy Storage and Electric Vehicle Charging in Every Home

Thursday, October 14, 2021 - 2:00pm

"The New Home Company is creating communities fit for the future, providing residents energy savings and peace of mind," said Matt Brost, Senior Director of New Homes sales for SunPower.

Key Points: 
  • "The New Home Company is creating communities fit for the future, providing residents energy savings and peace of mind," said Matt Brost, Senior Director of New Homes sales for SunPower.
  • SunPower Equinox systems generate more power in less space with fewer visible parts than conventional solar systems.
  • Headquartered inCalifornia'sSilicon Valley, SunPower (NASDAQ:SPWR) is a leading Distributed Generation Storage and Energy Services provider inNorth America.
  • SUNPOWER, the SUNPOWER logo, SUNPOWER EQUINOX and SUNVAULT are trademarks or registered trademarks of SunPower Corporation in the U.S.
    View original content to download multimedia: https://www.prnewswire.com/news-releases/sunpower-and-the-new-home-compa...

Modernized Solutions Make Renewable Energy a Dependable Alternative

Thursday, October 14, 2021 - 2:00pm

NEW YORK, Oct. 14, 2021 /PRNewswire/ -- There is strong demand for new alternative, renewable and green energy.

Key Points: 
  • NEW YORK, Oct. 14, 2021 /PRNewswire/ -- There is strong demand for new alternative, renewable and green energy.
  • In recent years, novel technologies have allowed for more affordable energy storage from alternative energy sources.
  • The OPTEC Solar Generator is powered exclusively by pure solar energy and does not require any alternative fuels.
  • "California is the nation's leader in deploying clean, renewable energy, a trend that is accelerating rapidly," commented Gaylon Morris, Chief Executive Officer of Sunworks.

Modernized Solutions Make Renewable Energy a Dependable Alternative

Thursday, October 14, 2021 - 2:00pm

NEW YORK, Oct. 14, 2021 /PRNewswire/ -- There is strong demand for new alternative, renewable and green energy. In recent years, novel technologies have allowed for more affordable energy storage from alternative energy sources. However, it was the solar sector in particular that went through a surge of implementation, both for residential and commercial purposes. And, according to a research report by Mordor Intelligence LLP, the global solar energy installed capacity is registered to be 728 GW and is estimated to grow to 1645 gigawatts (GW) in 2026, while growing at a CAGR of 13.78% from 2021 to 2026. OPTEC International, Inc. (OTC: OPTI), ReneSola Ltd (NYSE: SOL), SunPower Corp. (NASDAQ: SPWR), Sunworks, Inc. (NASDAQ: SUNW), Canadian Solar Inc. (NASDAQ: CSIQ)

Key Points: 
  • NEW YORK, Oct. 14, 2021 /PRNewswire/ -- There is strong demand for new alternative, renewable and green energy.
  • In recent years, novel technologies have allowed for more affordable energy storage from alternative energy sources.
  • The OPTEC Solar Generator is powered exclusively by pure solar energy and does not require any alternative fuels.
  • "California is the nation's leader in deploying clean, renewable energy, a trend that is accelerating rapidly," commented Gaylon Morris, Chief Executive Officer of Sunworks.

Maxeon Solar Technologies Teams Up with Reenpro to Bring Industry Leading Solar Solutions to the Baltic Region

Thursday, October 14, 2021 - 10:05am

SINGAPORE, Oct. 14, 2021 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announces that they have selected Reenpro as their first local distributor in Lithuania and Latvia. The partnership follows the success of Reenpro's initial collaboration with Maxeon as an authorized installation partner. Under the new distribution agreement, Reenpro will sell SunPower-branded modules, including the new AC modules, from Maxeon Solar Technologies for a growing base of both residential and commercial installers, strengthening Maxeon's presence in the Baltic region.

Key Points: 
  • Under the new distribution agreement, Reenpro will sell SunPower-branded modules, including the new AC modules, from Maxeon Solar Technologies for a growing base of both residential and commercial installers, strengthening Maxeon's presence in the Baltic region.
  • "Reenpro is the perfect partner for us to expand business in the Baltics", said Vincent Maurice, General Manager DG EMEA at Maxeon Solar Technologies.
  • A pioneer in sustainable solar manufacturing, Maxeon leverages a 35-year history in the solar industry and numerous awards for its technology.
  • MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd. Visit https://corp.maxeon.com/trademarks for more information.

New Report Shows Rapidly Increasing Distributed Solar and Storage is Critical to Achieving President Biden’s Climate and Equity Goals at the Lowest Cost

Thursday, October 7, 2021 - 12:00pm

The U.S. must deploy a minimum of 103 gigawatts (GW) of distributed, local solar power and 137 GW of distributed energy storage by 2030 to achieve President Bidens climate and equity goals at the lowest cost.

Key Points: 
  • The U.S. must deploy a minimum of 103 gigawatts (GW) of distributed, local solar power and 137 GW of distributed energy storage by 2030 to achieve President Bidens climate and equity goals at the lowest cost.
  • At least 103 GW of distributed solar and 137 GW of distributed storage must be deployed by 2030 to achieve President Bidens goals at the lowest cost.
  • Scaling up distributed solar and storage reduces stress on utility-scale resources and enables access to 579 GW of utility-scale solar and 442 GW of wind.
  • Scaling up distributed solar and storage saves all ratepayers over $109 billion by 2030 compared to deploying utility-scale renewables only.

Global Solar PV Panels Commercial Segment Booming Aided by Growing Demand for Clean Energy Systems in Residential Sector

Wednesday, October 6, 2021 - 1:45pm

The residential sector is gaining momentum in solar PV panel installations owing to net metering schemes for on-grid systems and availability of energy storage systems for off-grid systems.

Key Points: 
  • The residential sector is gaining momentum in solar PV panel installations owing to net metering schemes for on-grid systems and availability of energy storage systems for off-grid systems.
  • The commercial segment held the largest market share of 30.4% and was valued at USD 35.0 billion in 2019.
  • Rapid penetration of solar PV panels across corporate offices, hotels, and hospitals coupled with growing power demand from communication base stations and data centers is expected to propel the product demand across the commercial sector.
  • In addition, enhanced panel efficiency, improved energy yield, and module-level monitoring are among the key factors driving the PV panel adoption in this segment."

Global Solar PV Panels Commercial Segment Booming Aided by Growing Demand for Clean Energy Systems in Residential Sector

Wednesday, October 6, 2021 - 1:45pm

PALM BEACH, Fla., Oct. 6, 2021 /PRNewswire/ -- Growing demand for renewable-based clean electricity coupled with government policy tax rebates and incentives to install solar panels is expected to drive the market in the coming years. Firms in commercial and industrial sectors are among the chief consumers of solar photovoltaic (PV) panels owing to their large scale requirement for green power. Economies of scale installation in these sectors compensate for any loss in panel efficiency, thereby making the solar PV systems profitable for large scale power generation. The residential sector is gaining momentum in solar PV panel installations owing to net metering schemes for on-grid systems and availability of energy storage systems for off-grid systems.  The solar power markets have been one of the very few industries that have seen growth in spite of the pandemic. As technology costs have fallen and efficiencies have increased, providing more energy output per square foot, solar has become one of the primary sources of new electrical capacity installed across the United States. A report from Grand View Research said that the global solar PV panels market size was valued at USD 115.2 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027.   Active Companies in the markets today include Green Stream Holdings Inc. (OTCPK: GSFI), Enphase Energy, Inc. (NASDAQ: ENPH), First Solar, Inc. (NASDAQ: FSLR), Sunrun Inc. (NASDAQ: RUN), SunPower Corp. (NASDAQ: SPWR).

Key Points: 
  • The residential sector is gaining momentum in solar PV panel installations owing to net metering schemes for on-grid systems and availability of energy storage systems for off-grid systems.
  • The commercial segment held the largest market share of 30.4% and was valued at USD 35.0 billion in 2019.
  • Rapid penetration of solar PV panels across corporate offices, hotels, and hospitals coupled with growing power demand from communication base stations and data centers is expected to propel the product demand across the commercial sector.
  • In addition, enhanced panel efficiency, improved energy yield, and module-level monitoring are among the key factors driving the PV panel adoption in this segment."

SunPower to Announce Third-Quarter 2021 Results on November 3, 2021

Tuesday, October 5, 2021 - 9:05pm

SAN JOSE, Calif., Oct. 5, 2021 /PRNewswire/ --SunPower Corp. (NASDAQ:SPWR) will discuss its Third-quarter 2021 financial results on a conference call, Wednesday, November 3 at 1:30 p.m. Pacific Standard Time.

Key Points: 
  • SAN JOSE, Calif., Oct. 5, 2021 /PRNewswire/ --SunPower Corp. (NASDAQ:SPWR) will discuss its Third-quarter 2021 financial results on a conference call, Wednesday, November 3 at 1:30 p.m. Pacific Standard Time.
  • The call-in number is (877) 371-5747 conference ID 7999541, passcode: SunPower,or the webcast can be accessed from SunPower's website at http://investors.sunpower.com/events.cfm .
  • Headquartered in California's Silicon Valley, SunPower (NASDAQ:SPWR) is a leading Distributed Generation Storage and Energy Services provider in North America.
  • SUNPOWER and the SUNPOWER logo are registered trademarks of SunPower Corporation in the U.S.
    View original content to download multimedia: https://www.prnewswire.com/news-releases/sunpower-to-announce-third-quar...

SunPower Acquires Blue Raven Solar, One of the Fastest Growing Residential Solar Providers in the U.S.

Tuesday, October 5, 2021 - 12:30pm

"SunPower and Blue Raven share a vision of powering the world with affordable, resilient, sustainable energy.

Key Points: 
  • "SunPower and Blue Raven share a vision of powering the world with affordable, resilient, sustainable energy.
  • Blue Raven CEO Ben Peterson will join SunPower's executive team, and the company expects to build upon Blue Raven's current employee and contractor relationships.
  • Blue Raven Solar believes all homeowners should have equal opportunity to invest in simple, reliable, affordable, high-quality solar power.
  • SUNPOWER and the SUNPOWER logo are trademarks or registered trademarks of SunPower Corporation in the U.S.
    View original content to download multimedia: https://www.prnewswire.com/news-releases/sunpower-acquires-blue-raven-so...

SunPower Launches 25X25 Initiative to Make Renewable Energy More Accessible for Historically Marginalized Communities

Thursday, September 30, 2021 - 9:05pm

The commitments include ambitious targets with initiatives to achieve them by 2025 spanning workforce diversity, solar access expansion and dealer diversity programs.

Key Points: 
  • The commitments include ambitious targets with initiatives to achieve them by 2025 spanning workforce diversity, solar access expansion and dealer diversity programs.
  • "We must use this moment-in-time to ensure the rapid deployment of this critical technology benefits all Americans."
  • "Black professionals working in solar services have roots, relationships and experience in all communities, particularly those disproportionately impacted by climate change.
  • Headquartered inCalifornia'sSilicon Valley, SunPower (NASDAQ:SPWR) is a leading Distributed Generation Storage and Energy Services provider inNorth America.