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SunPower Corp. and Maxeon Photo voltaic Applied sciences Ltd. extending their provide relationship via 2025. The up to date settlement helps SunPower meet rising house owner demand by offering SunPower with vital further portions of high-efficiency interdigitated again contact (IBC) photo voltaic Maxeon panels, whereas additionally massive. enhancing Maxeon’s presence within the US residential market.
“This provide settlement strengthens our long-term relationship with Maxeon and additional secures the availability of premium panels for our rising buyer base,” mentioned Peter Faricy, CEO of SunPower. “Demand for photo voltaic continues to extend together with the will for clear, reasonably priced and dependable vitality, and SunPower is effectively positioned to seize this development with dependable merchandise and an unmatched buyer expertise.”
Underneath the brand new provide settlement, Maxeon expects to promote further volumes of its Maxeon 6 panels (bought within the US and Canada underneath the SunPower model because the M-Collection) to SunPower in an unique primary. SunPower additionally has the precise to barter the availability of future next-generation IBC know-how manufactured by Maxeon, which can allow SunPower to proceed to supply owners with the best effectivity photo voltaic know-how accessible. till as we speak.
“We’re happy to increase our relationship with SunPower, and our renewed provide settlement continues the unique provide of our industry-leading Maxeon 6 panels via SunPower’s well-established channel to residential market throughout the US and Canada,” mentioned Mark Babcock, Maxeon’s. interim CEO. “The excessive retail electrical energy costs seen in 2022, which can possible proceed via 2023, have created an atmosphere the place increasingly more customers are realizing the advantages of top-quality rooftop photo voltaic.”
“Maxeon’s new panels are effectively outfitted to supply these benefits to owners throughout the US, the place they’ve been the gold commonplace for practically 20 years at Babcock,” Babcock continued. “We stay up for persevering with to work with SunPower to advance the US vitality transition”
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