SunPower, Maxeon Lengthen Solar Panel Provide Settlement

Peter Faricy

SunPower Corp. and Maxeon Solar Technologies Ltd. are extending their provide relationship by way of 2025. The up to date settlement helps SunPower meet rising house owner demand by offering SunPower with important extra portions of Maxeon’s high-efficiency interdigitated again contact (IBC) solar panels, whereas additionally considerably enhancing Maxeon’s presence within the U.S. residential market.

“This supply agreement solidifies our long-term relationship with Maxeon and further secures the supply of premium panels for our expanding customer base,” says Peter Faricy, SunPower’s CEO. “Demand for solar continues to increase alongside the desire for clean, affordable and reliable energy, and SunPower is well positioned to capture this growth with trusted products and unmatched customer experience.” 

Under the brand new provide settlement, Maxeon expects to promote extra volumes of its Maxeon 6 panels (marketed within the U.S. and Canada beneath the SunPower model as M-Series) to SunPower on an unique foundation. SunPower may even have the best to barter provide of future IBC subsequent era know-how developed by Maxeon, which might allow SunPower to proceed to supply owners the very best environment friendly solar know-how obtainable to this point.

“We are pleased to extend our relationship with SunPower, and our renewed supply agreement continues the exclusive supply of our industry leading Maxeon 6 panels through SunPower’s very well-established channel into the residential markets across the U.S. and Canada,” says Mark Babcock, Maxeon’s interim CEO. “The high retail power prices seen in 2022, which look likely to continue into 2023, have created an environment where more and more consumers are realizing the benefits of top-quality rooftop solar.”

“Maxeon’s innovative panels are well-equipped to deliver these advantages to homeowners across the U.S., where they have been the gold standard for almost 20 years Babcock,” Babcock continues. “We look forward to continuing to work with SunPower to advance the energy transition in the U.S.”

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