Home Solar with IKEA set to launch in Fall
2022 in select California
locations for IKEA Family loyalty members
CONSHOHOCKEN, Pa., May 12, 2022
/PRNewswire/ -- IKEA U.S. and SunPower Corp. (NASDAQ:SPWR), a
leading residential solar technology and energy services provider,
today announced that they are teaming up to make solar energy
easier to access. Through this collaboration, members of the IKEA
Family customer loyalty program will be able to purchase home solar
solutions, available through SunPower, to generate and store their
own renewable energy and live more sustainably. Home Solar with
IKEA is expected to launch in select California markets in Fall 2022.
"At IKEA, we're passionate about helping our customers live a
more sustainable life at home. We're proud to collaborate with
SunPower to bring this service to the U.S. and enable our customers
to make individual choices aimed at reducing their overall climate
footprint," said Javier Quiñones, CEO & Chief Sustainability
Officer, IKEA U.S. "The launch of Home Solar with IKEA will allow
more people to take greater control of their energy needs, and our
goal is to offer the clean energy service at additional IKEA
locations in the future."
Home Solar with IKEA combines the strengths of IKEA retail and
knowledge of life at home with the expertise of SunPower, a trusted
brand with more than 35 years in the solar industry. SunPower is
known for delivering high quality, innovative solar products and
making it simple for its customers to switch to renewable energy.
SunPower's systems are backed by the company's
industry-leading Complete Confidence Warranty, which covers
everything from panels and racking to monitoring hardware and
storage¹.
"We are thrilled to deliver exceptional solar products to IKEA
customers through a unique and simplified buying experience," said
Peter Faricy, SunPower CEO.
"Together with IKEA, we can help introduce the incredible benefits
of solar to more people and deliver on our shared value of making a
positive impact on the planet."
Home Solar with IKEA is just one of the many ways IKEA is
working to become circular and climate positive by 2030. In the
U.S., IKEA has a robust renewable energy portfolio — including 2
wind farms, 2 solar farms, 2geothermal systems, seven biogas-fuel
cells and rooftop solar arrays on 90% of IKEA locations.
IKEA U.S. also recently launched the Buy Back & Resell
service nationally in 37 store locations. The service gives IKEA
Family members the opportunity to sell back their gently used IKEA
furniture in exchange for IKEA store credit. Participants will be
able to give their furniture a second life through resale in the
store's As-Is section, providing an even more sustainable and
affordable option for many people.
About IKEA
At IKEA, the vision is to create a better everyday life
for the many people by offering well-designed, functional and
affordable, high-quality home furnishing, produced with care for
people and the environment. Ingka Group (Ingka Holding B.V.
and its controlled entities) is one of 12 different groups of
companies that own and operate IKEA retail under franchise
agreements with Inter IKEA Systems B.V. Ingka Group has three
business areas: IKEA Retail, Ingka Investments and
Ingka Centres. Ingka Group is a strategic partner in the IKEA
franchise system, operating 389 IKEA stores in 32
countries – including 51 retail locations in the
U.S.
For more information on IKEA U.S., see
IKEA-USA.com, @IKEAUSANews, @IKEAUSA or
IKEAUSA on Facebook, YouTube, Instagram and
Pinterest.
About SunPower
SunPower (NASDAQ:SPWR) is a leading
solar, storage and energy services provider in North America. SunPower offers the only solar
+ storage solution designed and warranted by one company that gives
customers control over electricity consumption and resiliency
during power outages while providing cost savings to homeowners.
For more information, visit www.sunpower.com.
SunPower 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 anticipated cost savings,
expected launch plans and timelines, and resiliency. These
forward-looking statements are based on our current assumptions,
expectations, and beliefs and involve substantial risks and
uncertainties that may cause results 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, fluctuations or
declines in the performance of our solar panels and other products
and solutions, and challenges managing our strategic relationships
and partnerships, including our ability to successfully manage
collaboration and supplier relationships. 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.
1 For more information about SunPower's warranty,
visit https://us.sunpower.com/home-solar-system-warranty.
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SOURCE SunPower Corp.; IKEA