SunPower’s move to double down on its residential business forms part of a strategy that will see the company aim to lower supply chain costs, expand its geographical footprint and add to its product portfolio.
US solar installer SunPower is exploring alternatives for its commercial and industrial solutions (CIS) unit as it increases its residential footprint through the acquisition of Blue Raven Solar.
Renewables developer and asset manager RES has named Eduardo Medina as its new chief executive designate, with the former Vestas, SunPower and Acciona exec set to take over at the end of next month.
Power outages and grid failures as a result of recent extreme weather events are driving the adoption of solar and storage systems among US homeowners, new research from SunPower suggests.
SunPower was boosted by rising homeowner demand for its PV and storage solutions during Q2 as the US solar installer added 13,000 new customers, bringing its total residential install base to more than 376,000.
Maxeon Solar Technologies saw its opening quarter loss widen by 22% year-on-year as materials and logistics costs continue to be a thorn in the side of solar manufacturers.
US solar installer SunPower expects deployment to surge in the coming quarters as tailwinds and refreshed business strategy combine, despite installs within its core residential and light commercial (RLC) segment dropping in Q1 2021.
