SunPower, First Solar in late-stage discussions to establish 'globe altering' residential solar module

Apr 1, 2022 04:27 PM ET
  • United States household solar installer SunPower is in late-stage conversations with United States thin film maker First Solar to establish the "globe's most advanced domestic solar panel", its CEO Peter Faricy revealed during an expert day discussion that additionally laid out the business's new method.
SunPower, First Solar in late-stage discussions to establish 'globe altering' residential solar module
Image: SunPower

The module will certainly use a twin modern technology method, with First Solar's thin film innovation sitting atop a layer of crystalline silicon cells, Faricy claimed, including that if finished as pictured it would certainly be "the most technically sophisticated property photovoltaic panel in history".

First Solar would certainly producer the module with SunPower coming to be the unique service provider. All going well, the item might become available within two years.

Faricy said the module had the potential to make a big distinction in regards to efficiency, resilience and also worth for consumers, who formerly were incapable to accessibility First Solar's products as they were unique to the business and commercial (C&I) market.

"We anticipate that it will significantly elevate bench for solar module efficiency and also aesthetics," stated SunPower's chief items police officer Nate Coleman.

On the other hand, SunPower is intending to increase its offerings and improve its client service as it looks for to enter into life lengthy relationships with its customers.

Faricy stated the business was relocating from a single product business to a "complete energy item community" that will use clever house options, storage and also household EV chargers alongside solar.

It has actually already launched an updated variation of its battery storage system, dubbed SunVault, and has actually accepted offer its PV and battery storage systems to housing designer Landsea Homes at part of a multi-year unique arrangement.

"We're increasing down on supplying wider range of product or services and also constructing consumer relationships," he stated.

SunPower claimed the total addressable market (TAM) for household solar-- those households that would certainly conserve money from mounting solar-- in the United States would certainly hit 100 million by 2026, versus a forecasted adoption price of just 6.1%.

SunPower is also intending to release 2.5 million of the shares it has in solar modern technology company Enphase Energy as part of a drive to bring its investment ability to greater than US$ 1 billion via to 2025, the presentation exposed.

Somewhere Else, First Solar has actually locked in steel supplies for solar modules made at its under-development producing facility in Ohio, by signing a supply agreement with local provider Ice Industries, which could show important provided volatility in the metal markets.

Solar Installers, Manufacturers