SunPower is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers.
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17 Facts About SunPower
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SunPower was previously marketed its products to commercial and industrial customers before agreeing to sell that business line to TotalEnergies in February 2022.
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SunPower was founded on April 24,1985, by Richard Swanson, who was a Stanford University professor focused on electrical engineering.
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Interest grew as SunPower completed prototype installations and portable electronics that use solar power became more popular.
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Demand for SunPower's products increased in the early 2000s, due to rising utility costs, government subsidies, and its new A-300 solar cell.
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In particular, SunPower grew in Germany and California, where new government subsidies were being introduced.
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SunPower moved into a larger corporate headquarters location in San Jose, California and secured several contracts with major retailers for solar panel installations.
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In 2007, SunPower announced plans to expand its manufacturing facility five-fold and build a second factory.
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SunPower collaborated with PowerLight to develop its roofing-tile solar product called SunTile.
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SunPower was spun-off as a separate business from Cypress in 2008.
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The following year, SunPower cut back production due to an overall market decline in solar power purchases.
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SunPower announced the French oil and gas company Total was acquiring a majority interest in SunPower for $1.
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In 2019, SunPower announced it was going to spin-off its manufacturing division into a separate business in Singapore named Maxeon Solar Technologies.
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The remaining SunPower business became focused on services, installation, batteries, and other products.
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In May 2022, SunPower announced a partnership with IKEA to sell to customers in their California stores.
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SunPower is often used when there is a limited amount of space for the panels, such as on rooftops.
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SunPower first started leasing solar panels in 2011 and started a pilot project for battery products around 2014.
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