SunPower and Maxeon Extend Their Current Supply Relationship to Meet Rising Homeowner Demand
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Thursday, January 5, 2023
RICHMOND, Calif., Jan. 5, 2023 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading residential solar technology and energy services provider, and Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, have announced the extension of their supply relationship through 2025. Today's updated agreement helps SunPower meet rising homeowner demand by providing SunPower with significant additional quantities of Maxeon's high efficiency interdigitated back contact (IBC) solar panels, while also significantly enhancing Maxeon's presence in the U.S. residential market.
Key Points:
- Today's updated agreement helps SunPower meet rising homeowner demand by providing SunPower with significant additional quantities of Maxeon's high efficiency interdigitated back contact (IBC) solar panels, while also significantly enhancing Maxeon's presence in the U.S. residential market.
- "This supply agreement solidifies our long-term relationship with Maxeon and further secures the supply of premium panels for our expanding customer base," said Peter Faricy, SunPower CEO.
- Under the new supply agreement, Maxeon expects to sell additional volumes of its Maxeon 6 panels (marketed in the U.S. and Canada under the SunPower brand as M-Series) to SunPower on an exclusive basis.
- "We are pleased to extend our relationship with SunPower, and our renewed supply agreement continues the exclusive supply of our industry leading Maxeon 6 panels through SunPower's very well-established channel into the residential markets across the U.S. and Canada.