Maxeon solar panels uniquely capable to meet
mission-critical energy needs in harsh environments
SINGAPORE, May 2, 2024
/PRNewswire/ -- Forecasters at Colorado
State University have predicted an "extremely active,"
record-breaking Atlantic hurricane season, with the highest number
of hurricanes ever predicted since the team began releasing
forecasts in 1995. This raises concerns about power and electrical
interruptions that could severely impact commercial operations for
business and mission-critical services provided by hospitals, fire
departments, law enforcement, and other first responders.
Maxeon Solar Technologies (NASDAQ: MAXN), a global leader in
solar innovation and channels, believes that solar power
systems can provide the resilience and reliability needed to keep
energy flowing during the most challenging conditions. Salt Energy,
a Maxeon Commercial Partner based in Florida, designs and installs commercial and
community solar systems featuring Maxeon panels with hurricane
resistance in mind, capable of withstanding the highest wind loads
of 180 mph, ensuring resilience and reliability in the face of
extreme weather events.
"We specialize in technology and engineering designed to
withstand the high wind loads and corrosive environments of the
Caribbean region, and our
installations are enabled by the unmatched reliability, performance
and durability of Maxeon solar panels," said David Kaul, Vice President of Salt Energy. "We
believe in the importance of designing for remote and harsh
conditions, with the highest standard of quality and resiliency for
high-velocity hurricane zones and coastal exposure."
Three award winning projects in particular, have been noted as
examples of commercial and micro-grid installations delivering
exceptional, hurricane resilient energy production, designed by
Salt Energy using Maxeon panels:
- On the island of Montserrat, a
comprehensive system that earned a CREF Award for Best
Distributed Generation Project includes a 750 KW-AC PV field on
five acres, with battery storage, 11.4 KV grid connection and
rooftop PV rated 180 mph exposure category D. This renewable energy
plant with batteries replaces diesel generator power and reduces
spinning reserve requirements, leading to substantial savings
throughout the year.
- Badia Spices installed 7,200 Maxeon 450-watt modules at their
facility in Miami, Florida. This
3.24 MWp installation is the largest private solar project and the
largest commercial rooftop project in the state. This Solar
Builder Magazine Project of the Year award winner has a
design wind load of 175 mph, exposure C. It provides all the energy
for the air condition loads, production loads, and warehouse
operations for this 300,000 square foot facility, saving more than
$400,000 in utility costs each
year.
- The solar installation on Ragged Island, Bahamas earned a CREF Award for Best Energy
Resilience Project and was also featured in an episode of the
"60 Minutes" TV program. It features a 400KWp PV field, battery
storage and 12.47 KV grid connection, rated 180 mph, exposure D.
This solar microgrid provides over 95% of the energy needs of
Ragged Island, often allowing diesel-powered generators to be
turned off for weeks at a time.
"As extreme weather events become increasingly common, more
solar customers are relying on Maxeon to deliver the most robust
performance, efficiency and reliability to keep their power flowing
and operations uninterrupted," said Vikas
Desai, Chief Commercial Officer, Maxeon. "The unique cell
design, materials and manufacturing processes of our panels enable
superior performance and energy output over time, with greater
durability in tough environments. Together with our partners, we're
delivering exceptional, proven technology backed by the peace of
mind provided by the industry's most robust 40-year warranty."
For more information on resilient solar energy solutions for
commercial and industrial installations, visit
www.saltenergy.com and www.maxeon.com.
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.
About Salt Energy
Salt Energy is a certified solar
contractor offering full turnkey solar services and BESS solutions
for photovoltaic (PV) grid-tie, off-grid, and microgrid systems.
Based in Florida, Salt has been
serving renewable energy clients in Florida and the Caribbean since 1989. Visit
www.saltenergy.com.
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, as amended, including, but not
limited to, statements regarding our technology outlook and future
performance; customer acceptance and demand, market traction, the
Company's expectations of the timing and success of its strategy in
existing and in new markets. 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. 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 report on 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
https://corp.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.
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SOURCE Maxeon Solar Technologies, Ltd.