SAN JOSE, Calif., Aug. 23, 2017 /PRNewswire/ -- SunPower Corp.
(NASDAQ:SPWR) has broken ground on a 10-megawatt solar photovoltaic
system at the Redstone Arsenal U.S. Army post in Alabama which is expected to create more than
200 jobs at peak of construction. With a newly added 1-megawatt
energy storage system, the project is designed to strengthen energy
security and resilience at Redstone
Arsenal, supporting the Army's efforts to reduce electricity
costs at installations while also making them more energy
independent.
"This project reinforces the Army's commitment to advancing
adoption of reliable, cost-effective, home-grown renewable energy
at Redstone Arsenal," said Col.
Thomas Holliday, Garrison Commander, Redstone Arsenal. "We're continually looking
for ways to grow our capability and reduce our cost to provide the
nation with a more efficient defense."
Developed by the U.S. Army Office of Energy Initiatives,
Redstone Arsenal's Directorate of
Public Works, and the U.S. Army Corps of Engineers Huntsville
Center's Energy Division, the innovative project was financed by a
power purchase agreement (PPA), allowing the Army to buy 100
percent of the power generated without having to pay for the power
plant's construction, maintenance and operation. The Army continues
to collaborate with private-sector partners and utilities to build
clean, alternative energy projects including onsite power
generation, electricity storage, and energy control.
"Solar is cost-competitive with traditional energy sources
today, and is helping the U.S. military reduce operational costs,"
said Nam Nguyen, SunPower executive
vice president. "We commend Redstone
Arsenal for managing its significant energy demand with
abundant, renewable solar power. The high performance solar and
storage technology we are installing for the agency will
substantially increase the value of energy produced by the solar
plant over the long term."
SunPower designed and is installing a SunPower® Oasis® Power
Plant system at the site, which is a fully-integrated, modular
solar power block engineered and built for compatibility with a
future micro-grid, further contributing to the overall energy
security of the installation.
As a trusted solar advisor to federal government agencies and
the Department of Defense, SunPower has designed and installed
solar power systems at a number of military facilities including
more than 28 megawatts at Nellis Air Force Base in Nevada and 13.78 megawatts at Naval Air
Weapons Station China Lake in California, as well as 28 megawatts currently
under construction at Vandenberg Air Force Base.
For more information on how solar and storage solutions can
benefit federal agencies, visit www.sunpower.com/government.
About SunPower
As one of the world's most innovative
and sustainable energy companies, SunPower (NASDAQ:SPWR) provides a
diverse group of customers with complete solar solutions and
services. Residential customers, businesses, governments, schools
and utilities around the globe rely on SunPower's more than 30
years of proven experience. From the first flip of the switch,
SunPower delivers maximum value and superb performance throughout
the long life of every solar system. Headquartered in Silicon
Valley, SunPower has dedicated, customer-focused employees in
Africa, Asia, Australia, Europe, and North and South America. For more information about how
SunPower is changing the way our world is powered,
visit www.sunpower.com.
Forward-Looking Statements
This press release
contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, including, but
not limited to, statements regarding expected project timelines,
anticipated cost savings, projected energy output, and projected
job creation. These forward-looking statements are based on our
current assumptions, expectations, and beliefs and involve
substantial risks and uncertainties that may cause results,
performance, or achievement to materially differ from those
expressed or implied by these forward-looking statements. Factors
that could cause or contribute to such differences include, but are
not limited to: regulatory changes and the availability of economic
incentives promoting use of solar energy, challenges inherent in
constructing and maintaining certain of our large projects,
manufacturing challenges that could arise, and fluctuations or
declines in the performance of our solar panels and other products
and solutions. A detailed discussion of these factors and other
risks that affect our business is included in filings we make with
the Securities and Exchange Commission (SEC) from time to time,
including our most recent reports on Forms 10-K and 10-Q,
particularly under the heading "Risk Factors." Copies of these
filings are available online from the SEC or on the SEC Filings
section of our Investor Relations website at
investors.sunpowercorp.com. All forward-looking statements in this
press release are based on information currently available to us,
and we assume no obligation to update these forward-looking
statements in light of new information or future events.
©2017 SunPower
Corporation. All Rights Reserved. SUNPOWER, the
SUNPOWER logo, and OASIS are registered trademarks of SunPower
Corporation in the U.S. and other countries as well.
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