SAN JOSE, Calif., Oct. 11, 2018 /PRNewswire/ -- A 1.7-megawatt
solar installation from SunPower (NASDAQ:SPWR) is now fully
operational at Bose Corporation's headquarters in Framingham, Mass. SunPower designed,
constructed, financed, and will operate and maintain the
fixed-tilt, ground-mount system along the southern hillside of what
is commonly known as "The Mountain."
Nearly 4,000 high-quality SunPower® solar panels are expected to
generate 2.4 million kilowatt hours of energy annually, bringing
enough electricity onto the grid to supply a substantial portion of
the Bose campus through a 20-year power purchase agreement.
"Corporate renewable energy programs are growing, especially in
Massachusetts where Bose is
headquartered," said Nam Nguyen,
SunPower executive vice president, commercial solar. "We're proud
to be working with Bose to further advance solar development in the
Commonwealth, and to support the company's commitment to long-term
sustainability as a leading global brand."
SunPower, the No. 1 commercial solar provider in America with
the most megawatts installed according to Wood Mackenzie (formerly
GTM Research), has a footprint across the U.S. including
Massachusetts and New
England. Learn more here about how SunPower is helping
corporate customers in the area drive down electricity costs while
generating reliable energy over the long term.
About Bose Corporation
Bose Corporation was founded in 1964 by Dr. Amar G. Bose, then a professor of electrical
engineering at the Massachusetts Institute of Technology.
Today, the company is driven by its founding principles, investing
in long-term research to develop new technologies with real
customer benefits. Bose innovations have spanned decades and
industries, creating and transforming categories in audio and
beyond. Bose products for the home, in the car, on the go and
in public spaces have become iconic, changing the way people listen
to music.
Bose Corporation is privately held. The company's spirit
of invention, passion for excellence, and commitment to
extraordinary experiences can be found around the world —
everywhere Bose does business.
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.
SunPower's 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 relative
generating capacity and projected cost savings. 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, 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 Form 10-K and Form 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.
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SOURCE SunPower Corp.