SunPower

SunPower Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, May 3, 2023
SunPower, VPP, United States Department of the Treasury, EV, Electricity, GAAP, Crédit Agricole, Treasury, Inflation, BBB, NEM, Crédit Agricole Corporate and Investment Bank, Algorithm, ConsumerAffairs, Weather, Inflation Reduction Act of 2022, New home sales, HASI, Mobile phone, Bank, Cryptocurrency, Renewable energy, Financial adviser

Launched unique VPP offering in California: In April, SunPower and OhmConnect announced a new virtual power plant (VPP) offering.

Key Points: 
  • Launched unique VPP offering in California: In April, SunPower and OhmConnect announced a new virtual power plant (VPP) offering.
  • Continued to diversify panel supply: With three new agreements in place, SunPower has secured panel supply to fully address its anticipated 2023 demand and beyond.
  • Historic growth in SunPower Direct: The company grew SunPower Direct bookings by 97% year-over-year and doubled channel revenue quarter-over-quarter.
  • Expanding multifamily coverage: SunPower grew its New Homes multifamily business, surpassing full year 2022 category bookings in the first quarter of 2023.

SunPower Secures $550M Loan Purchase Commitment From KKR

Retrieved on: 
Wednesday, May 3, 2023
CFO, SunPower, KKR, NYSE, Renewable energy

This transaction, which is subject to customary post-closing conditions, will support SunPower Financial's continued ability to offer attractive loan options to its customers.

Key Points: 
  • This transaction, which is subject to customary post-closing conditions, will support SunPower Financial's continued ability to offer attractive loan options to its customers.
  • "Residential solar is a key area of focus for our Asset-Based Finance business," said Avi Korn, Managing Director at KKR.
  • SunPower launched SunPower Financial™ in 2021 to help make switching to solar even easier.
  • With SunPower Financial, SunPower offers a seamless solution for purchasing solar and other home energy services through a single provider, including design, sales, installation, warranty and financing.

SunPower Announces Chief Operating Officer

Retrieved on: 
Monday, May 1, 2023
SunPower, General Electric, Amazon (company), Bristol Myers Squibb, Gillette, Organization, Amazon, Saint-Gobain, Amazon Go, Growth, Robotics, AWS, Management, Northeastern University

RICHMOND, Calif., May 1, 2023 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services company, today announced Jennifer Johnston as its new Executive Vice President and Chief Operating Officer, effective May 8, 2023.

Key Points: 
  • RICHMOND, Calif., May 1, 2023 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services company, today announced Jennifer Johnston as its new Executive Vice President and Chief Operating Officer, effective May 8, 2023.
  • Johnston most recently served as Chief Operating Officer and Chief Financial Officer at a technology company at the intersection of robotics and retail services.
  • "Jen is a proven leader with deep experience in organizations undergoing significant transformation," said Peter Faricy, SunPower CEO.
  • "I am absolutely thrilled to be joining SunPower as Chief Operating Officer.

SunPower Invests in Wolf River Electric, Expanding Solar Footprint in the Midwest

Retrieved on: 
Thursday, April 27, 2023
SunPower, EV, Corporation, Venture capital financing, Corporate development, Renewable energy

RICHMOND, Calif., April 27, 2023 /PRNewswire/ -- SunPower (NASDAQ:SPWR), a leading solar technology and energy services provider, announced it made a minority investment in one of the largest residential solar providers in Minnesota, Wolf River Electric. Through this relationship, Wolf River is expected to accelerate its already high growth trajectory in Minnesota alongside a growing presence in Iowa and Wisconsin, enabling the companies to serve more customers in the market and increase solar adoption in historically underpenetrated areas.

Key Points: 
  • Wolf River will sell SunPower® solar, SunVault® battery storage, EV charging equipment and financial products on an exclusive basis for the next five years.
  • The dealer's volume in the three states creates a significant net-new geographic coverage opportunity for SunPower to accelerate adoption in the Midwest.
  • Additionally, Wolf River shares SunPower's value for delivering superior customer experience as a top rated solar company currently with a 4.8 star rating on Google.
  • Chardan investment bank acted as the exclusive financial advisor to Wolf River in this transaction, led by Elliot Gnedy, Director.

SunPower and OhmConnect Launch Virtual Power Plant to Help Make Homes Grid-Friendly

Retrieved on: 
Tuesday, April 25, 2023
VPP, SunPower, Partnership, SDG, San Diego Gas & Electric, Electricity, Southern California Edison, SCE, Fire, PG, App Store (iOS/iPadOS), Pacific Gas and Electric Company, Google Play, Digital, Ecosystem, PG&E, Electric battery, Cryptocurrency

RICHMOND, Calif., April 25, 2023 /PRNewswire/ -- SunPower (NASDAQ:SPWR), a leading solar technology and energy services provider, and OhmConnect, the leading provider of residential energy flexibility, today launched a new virtual power plant (VPP) offering for SunPower customers across California. Now, homeowners in select locations with solar and SunVault® battery storage can connect with OhmConnect directly through the mySunPower® app to earn rewards for managing their electricity use during periods of peak demand.

Key Points: 
  • RICHMOND, Calif., April 25, 2023 /PRNewswire/ -- SunPower (NASDAQ:SPWR), a leading solar technology and energy services provider, and OhmConnect , the leading provider of residential energy flexibility, today launched a new virtual power plant (VPP) offering for SunPower customers across California.
  • SunPower and OhmConnect's new VPP helps homeowners make money off the energy stored in their SunVault battery.
  • SunPower and OhmConnect's VPP helps homeowners make money off the energy stored in their SunVault battery.
  • "With our SunPower partnership, OhmConnect can expand the ecosystem of homes that leverage the energy they generate to help stabilize the increasingly vulnerable grid."

SunPower Helps Electrify Homes for Habitat for Humanity, Creating Sustainable Housing for Low-Income Families

Retrieved on: 
Wednesday, April 19, 2023
SunPower, Partnership, Housing, Sacramento metropolitan area, DE, Humanity, Climate, Ecosystem, Renewable energy

RICHMOND, Calif., April 19, 2023 /PRNewswire/ -- SunPower (NASDAQ:SPWR), a leading solar technology and energy services provider, today announced it is enabling Habitat for Humanity of Greater Sacramento's affordable housing community, Cornerstone, to run on renewable energy. With a donation of high-quality panels and supporting grant, SunPower is empowering Habitat for Humanity to create the first-of-its-kind, all-electric, solar-powered affordable housing community in Sacramento serving low-income families in partnership with Mutual Housing of CA.

Key Points: 
  • With a donation of high-quality panels and supporting grant, SunPower is empowering Habitat for Humanity to create the first-of-its-kind, all-electric, solar-powered affordable housing community in Sacramento serving low-income families in partnership with Mutual Housing of CA.
  • SunPower's donation will be combined with a monetary grant from SunPower Foundation to further support the design, permitting and installation at Cornerstone, distributed through Good Sun.
  • This effort illustrates the company's commitment to provide more homeowners with access to affordable rooftop solar regardless of income.
  • Together with Habitat for Humanity, we are proud to a meaningful impact on the lives of families in Sacramento."

Monarch Private Capital Hires Ryan Edwards as Manager, Renewable Energy

Retrieved on: 
Tuesday, April 18, 2023
Poseidon, Edwards, SunPower, University, Moses Austin, Boeing P-8 Poseidon, MBA, BBA, Associate, University of Wisconsin–Madison School of Education, United States Department of the Navy, Silicon, Investment, Division, Navy, Lockheed P-3 Orion, Economic development, Chairperson, Monarch, Renewable energy, Management

Furthermore, Edwards will endeavor to optimize the transition of closed project acquisitions to asset management while modernizing the operational procedures of the Company's renewable energy division.

Key Points: 
  • Furthermore, Edwards will endeavor to optimize the transition of closed project acquisitions to asset management while modernizing the operational procedures of the Company's renewable energy division.
  • Prior to joining Monarch Private Capital, Edwards was a Project Finance Director for Silicon Ranch Corporation.
  • “I’m excited to take point on project finance transactions with Monarch, securing tax credit equity for renewable energy projects,” said Edwards .
  • For more information on Monarch Private Capital and its ESG-oriented impact investment funds, please contact Brent Barringer by emailing [email protected] .

Solar Energy World Announces New COO Brett Gonce

Retrieved on: 
Thursday, April 13, 2023
Solar, SunPower, Tax, Knowledge, Growth, Construction, Solar energy, SolarCity, Carbon, Safety, Renewable energy

LAUREL, Md., April 13, 2023 /PRNewswire/ -- Solar Energy World, the leading provider of solar panel installation services , is pleased to announce the hiring of Brett Gonce as the company's new Chief Operating Officer (COO).

Key Points: 
  • LAUREL, Md., April 13, 2023 /PRNewswire/ -- Solar Energy World, the leading provider of solar panel installation services , is pleased to announce the hiring of Brett Gonce as the company's new Chief Operating Officer (COO).
  • "We are thrilled to welcome Brett to the Solar Energy World team," said Peter Belman, CEO of Solar Energy World.
  • As Solar Energy World's COO, Brett is eager to apply his knowledge and experience to scale and digitize the organization by implementing systems and processes that will drive operational accuracy and efficiency at Solar Energy World.
  • With Brett Gonce as COO, Solar Energy World is well positioned to continue delivering on that commitment and to expand its operations even further.

SunPower Celebrates Dealers for Excellence in Solar Design and Installation

Retrieved on: 
Thursday, April 13, 2023
SunPower, Communication, Solar System, Electricity, Solar energy, Renewable energy

RICHMOND, Calif., April 13, 2023 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, today recognized five of its dealers for exceptionally designed and deployed solar projects commissioned in 2022.

Key Points: 
  • RICHMOND, Calif., April 13, 2023 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, today recognized five of its dealers for exceptionally designed and deployed solar projects commissioned in 2022.
  • SunPower serves over half a million homes across the country, supported by a robust network of more than 850 dealers.
  • SunPower's 'Excellence in Design and Installation Awards' is an esteemed accolade for SunPower dealers and recognizes solar installation projects that exemplify the company's commitment to outstanding system aesthetics, quality, performance and customer satisfaction.
  • Tayco Electric & Solar for delivering outstanding customer service while completing a complex solar system installation in Salisbury, NC.

SunPower Secures New $450M Financing Commitment to Meet High Solar Loan Demand

Retrieved on: 
Wednesday, April 12, 2023
SunPower, Treasury, Service provider, Growth, Partnership, Health, NYSE, HASI, Energy Community, Renewable energy

The vehicle will acquire loans made to SunPower customers and is non-recourse to SunPower.

Key Points: 
  • The vehicle will acquire loans made to SunPower customers and is non-recourse to SunPower.
  • We continue to build and strengthen our suite of world-class financing products to meet growing demand.
  • "We are proud to work with financing partners who share our commitment to clean energy and feel confident that we have access to the capacity to meet growing demand with attractive loan financing for years to come."
  • With SunPower Financial, SunPower offers a seamless solution for purchasing solar and other home energy services through a single provider, including design, sales, installation, warranty and financing.