SunPower Secures $1 Billion in Solar + Storage Financing Through New Partnership with Tech CU

Four-Year Commitment Diversifies Funding Resources for Homeowners Looking to Go Solar SAN JOSE, Calif.: SunPower Corp. (NASDAQ:SPWR) today announced that a new $1 billion partnership with Technology Credit Union (Tech CU) will increase financing options for qualified U.S. residential solar customers. The new partnership will give SunPower access to capital for its loan program. There […]

California Seeks to Shift Major Battery Incentive Toward Fire, Blackout Resiliency

CPUC proposes to spend $613 million of total $1.2 billion SGIP budget through 2024 on battery-solar systems for high-fire-risk customers. Over its 13-year history, California’s Self-Generation Incentive Program has been the state’s primary driver for distributed solar, biomass power systems, fuel cells. and, over the past half-decade or so, behind-the-meter batteries. Now California regulators are […]

SunPower To Create Two Independent, Industry-Leading, Publicly-Traded Companies

  $298 Million New Strategic Capital Investment to Support Scale-Up of Maxeon 5 Investor’s Call Today at 5:30 a.m. Pacific SAN JOSE, Calif.: SunPower (NASDAQ:SPWR) today announced plans to separate into two independent, complementary, strategically-aligned and publicly-traded companies – SunPower and Maxeon Solar Technologies (Maxeon Solar). Each company will focus on distinct offerings built on extensive […]

SunPower Reports Third Quarter 2019 Results

Record Shipments, Continued Strength Across Global Distributed Generation Markets SAN JOSE, Calif.: SunPower Corp. (NASDAQ:SPWR) today announced financial results for its third quarter ended Sept. 29, 2019. Third Quarter Company Highlights Continued strength in U.S. and international distributed generation (DG) markets Generated positive cash at the business unit level for the quarter SunPower Energy Services (SPES) Record […]

SunPower Building New 35-Megawatt DC Solar Project to Supply Renewable Energy to Chevron’s Lost Hills Oil Field

Largest Solar Electric System in California’s Net Energy Metering Program Once Fully Operational SAN JOSE Calif. : SunPower (NASDAQ:SPWR) today announced construction is underway on the Lost Hills Solar Project. The 35-megawatt DC (29-megawatt AC) system will feature Performance Series solar panels assembled in Hillsboro, Oregon, and deliver low-carbon electricity to Chevron’s (NYSE: CVX) Lost […]
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