Innovative TOPCon design recognized for
exceptional sustainability, quality, and reliability
SINGAPORE, April 11,
2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd.
(NASDAQ: MAXN), a global leader in solar innovation and channels,
has once again raised the bar for the solar industry with its new
line of SunPower Performance 7 solar panels designed for
distributed generation (DG) projects. Performance 7 panels feature
unique cell design and circuitry combined with quality materials to
deliver outstanding energy production and reliability, and are
Maxeon's latest product to be Cradle to Cradle Certified™ for their
exceptional sustainability by the Cradle to Cradle Products
Innovation Institute.
The new Performance Line provides the right
combination of price and performance backed by our industry-leading
warranty
SunPower Performance 7 solar panels feature the latest
generation of Maxeon's patented TOPCon cell technology in a
shingled-cell design. This innovative architecture offers
significant advantages in power, efficiency, reliability, and
aesthetics. Performance 7 solar panels have also been engineered
for more effective shade management, mitigation of hotspots and
cooler cell temperatures than standard panels.
"Maxeon has built a strong patent portfolio over nearly four
decades of innovation and this is delivering exceptional value to
solar customers with our new SunPower Performance 7 products," said
Bill Mulligan, CEO of Maxeon. "We
are confident that the new Performance Line provides the right
combination of price and performance, helping our customers meet
their financial and energy goals, with the peace-of-mind offered by
our comprehensive, industry-leading warranty."
Manufactured with high-quality materials in a robust glass-glass
construction, Performance 7 solar panels are built to withstand
challenging, real-world conditions like hail, wind, snow, and
extreme temperature swings. Improvements to temperature
coefficients, bifacial factor and annual degradation also help to
ensure reliable, long-term energy yield for customers. As a result,
Performance 7 solar panels are offered with an improved,
best-in-class 30-year Power, Product and Service warranty – more
comprehensive than standard solar panel warranties.
"Maxeon's exceptional transparency and relationship with their
supply chain made this process run smoothly and proved their
commitment to not only the Cradle to Cradle Certification®, but
their commitment to maintaining these relationships with their
recycling partners, customers, and installers in order to achieve
their long-term sustainability goals," says Michelle Molloy, Managing Director of MBDC. "We
are proud to have worked with Maxeon through this process and look
forward to continuing this relationship to foster change throughout
the solar technology industry."
To earn the coveted Cradle to Cradle Certified Bronze
distinction, Maxeon's entire Performance 7 production process and
value chain was assessed and inspected by MBDC, a C2C Certified®
Assessment Body. MBDC utilized the multi-attribute Cradle to Cradle
Certified Product Standard Version 3.1. by the Institute which
includes Material Health, Material Reutilization, Renewable Energy
and Carbon Management, Water Stewardship and Social Fairness.
"Maxeon has proven once again that there's a better way to
enable solar customers to achieve their renewable energy goals,
with products that excel across a wide range of sustainability
metrics," said Lindsey Wiedmann,
Maxeon's Chief Legal & Sustainability Officer. "We are very
proud that our new Performance Line panels are now Cradle to Cradle
certified, empowering our customers to achieve LEED certification –
as C2C is a positive factor for LEED certification – and reach
their other key sustainability goals as they further reduce their
carbon footprint."
The new Performance 7 panels are immediately available for
purchase to residential and commercial customers in EMEA and APAC
through authorized installer networks and distributors.
For more information on the product, click here.
About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive
Change™. Headquartered in Singapore, Maxeon leverages over 35 years of
solar energy leadership and over 1,650 patents to design innovative
and sustainably made solar panels and energy solutions for
residential, commercial, and power plant customers. Maxeon's
integrated home energy management is a flexible ecosystem of
products and services, built around the award-winning
Maxeon® and SunPower® branded solar panels.
With a network of more than 1,700 trusted partners and
distributors, and more than one million customers worldwide, the
Company is a global leader in solar. For more information visit us
at www.maxeon.com, on LinkedIn and Twitter.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934,
including, but not limited to, statements regarding our technology
outlook and future performance; our expectations regarding customer
acceptance and demand and market traction; our expectations and
plans for short- and long-term strategy, including our product and
technology focus; the effectiveness of our environmental and
sustainability efforts and our ability to achieve the expected
benefits; the incorporation of governance-led, sustainable or
environmentally beneficial features in our management, during
development of new projects or processes, or the implementation of
improvements to existing projects and processes; our relationships
with our stakeholders, and our ability to develop and maintain
them. Among other things, the quotations from management in this
press release contain forward-looking statements. These
forward-looking statements are based on our current assumptions,
expectations and beliefs and involve uncertainties that may cause
results, performance, or achievement to materially differ from
those expressed or implied by these forward-looking statements. A
detailed discussion of these factors and other risks that affect
our business is included in filings we make with the SEC from time
to time, including our Form 20-F, particularly under the heading
"Item 3.D. Risk Factors." Copies of these filings are available
online from the SEC or on the Financials & Filings section of
our Investor Relations website at
www.maxeon.com/financials-filings/sec-filings. 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.
©2024 Maxeon Solar Technologies, Ltd. All Rights Reserved.
MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd.
Visit https://corp.maxeon.com/trademarks for more information.
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SOURCE Maxeon Solar Technologies, Ltd.