SunPower extends photovoltaic panel supply agreement with Maxeon via 2025

Jan 9, 2023 03:21 PM ET
  • Residential installation firm SunPower has signed a supply agreement with Maxeon to utilize the firm's photovoltaic panels on projects through 2025.
SunPower extends photovoltaic panel supply agreement with Maxeon via 2025

" This supply agreement solidifies our long-term relationship with Maxeon and additional secures the supply of premium panels for our broadening client base," stated Peter Faricy, SunPower CEO. "Need for solar remains to enhance alongside the need for tidy, affordable as well as reputable power, and SunPower is well positioned to capture this growth with relied on items as well as unmatched consumer experience."

Under the brand-new supply agreement, Maxeon anticipates to market extra volumes of its Maxeon 6 panels (marketed in the united state and Canada under the SunPower brand name as M-Series) to SunPower on an exclusive basis. SunPower will also have the right to negotiate supply of future interdigitated back get in touch with (IBC) future generation technology developed by Maxeon. Maxeon was additionally discovering the opportunity to offer its solar panels to added U.S. installation companies, however Roth Capital is reporting that this brand-new supply agreement with SunPower prevents any type of added sales companions.

"We delight in to prolong our relationship with SunPower, as well as our restored supply agreement continues the exclusive supply of our industry leading Maxeon 6 panels with SunPower's extremely well-established channel right into the household markets across the U.S. and also Canada. The high retail power costs seen in 2022, which look most likely to continue into 2023, have actually created an atmosphere where an increasing number of customers are understanding the advantages of top-quality rooftop solar. Maxeon's cutting-edge panels are well-appointed to deliver these advantages to property owners across the U.S., where they have actually been the gold criterion for practically twenty years. We look forward to remaining to deal with SunPower to advance the power shift in the united state," claimed Mark Babcock, Maxeon interim CEO.

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