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 […]

SunPower Partners with Hannon Armstrong to Safe Harbor 200 Megawatts of Solar

Action will Preserve 30 Percent Investment Tax Credit for Commercial PPA and Residential Lease Customers Through Mid-2022 SAN JOSE, Calif.: SunPower (NASDAQ:SPWR) announced today that it has entered into a joint venture with Hannon Armstrong Sustainable Infrastructure Capital, Inc. (Hannon Armstrong) (NYSE: HASI), to acquire and deploy 200 megawatts (MW) of safe harbored panels, preserving the […]

SunPower Design Studio Enables Millions of Future Solar Homeowners to Create Custom Solar Designs Instantly

New Digital Experience Builds on Company’s Strategic Investment in Software and Machine Learning Technology to Generate Residential Demand SAN JOSE, Calif.: Following the introduction of Instant Design at Google Cloud Next ’19, SunPower (NASDAQ:SPWR) today launched its Design Studio, a web application that combines Instant Design technology, Google Cloud, and Google Sunroof data to deliver customizable home […]