SAN FRANCISCO and SAN JOSE, Calif., Dec.
17, 2014 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR) and
Sunverge Energy, Inc. today announced an exclusive agreement that
offers SunPower's fully integrated SunPower solar power systems and
Sunverge's advanced Solar Integration System (SIS) energy storage
solutions to residential customers and utilities in the U.S. The
two companies are providing a similar offering to Australian
customers. SunPower and Sunverge expect to make combined solar and
storage solutions broadly commercially available in early 2015.
"Over the next five years, we expect to see a disruptive
shift in the energy market, with solar power, energy storage, smart
devices, energy management technologies and electric vehicles being
combined," said SunPower CEO Tom
Werner. "As we join Sunverge's adaptable and reliable
storage solutions with SunPower's high performance solar
technology, we're giving consumers a 'Smart Energy' solution that
will deliver unprecedented levels of personalization, value and
control. Providing this integrated solution to utilities allows
them to access the benefits of rooftop solar and storage at
significant scale."
"Sunverge is a leader in the distributed energy storage market,
with customers and projects around the world and hundreds of
systems in production operating to the highest standards of
performance, reliability and safety," said Sunverge CEO
Ken Munson. "Our unique hardware and
software platform allows customers to bundle solar, energy storage,
and other distributed resources and manage them as a fleet to
enhance the long-term value of their energy investments."
"Together with SunPower, we can deliver an 'end-to-end' solar
and storage solution that bundles services from design and
installation to monitoring, support and beyond," Munson continued.
"This solution offers tremendous benefits on both sides of
the meter, from more reliable and cost-effective energy for the
consumer to enhanced grid-management and ancillary services
capabilities for utilities. No other comparable market offering
provides this kind of depth and breadth of service and value to
consumers and utilities."
About SunPower Corporation
SunPower Corporation
(NASDAQ: SPWR) designs, manufactures and delivers the highest
efficiency, highest reliability solar panels and systems available
today. Residential, business, government and utility customers rely
on the company's quarter century of experience and guaranteed
performance to provide maximum return on investment throughout the
life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in
North America, Europe, Australia, Africa and Asia. For more information, visit
www.sunpower.com.
About Sunverge Energy Inc.
Sunverge Energy is a
California-based company founded
in 2009 with the vision of integrating solar, storage, and smart
controls to maximize value for both electricity consumers and
providers. That vision led to the creation of the Sunverge
Solar Integration System (SIS), a distributed energy storage
solution comprising batteries, power electronics, and multiple
energy inputs controlled by software running in the
cloud. The system lowers costs, ensures energy
reliability, helps strengthen the grid, and accelerates the
integration of renewable energies and electric
vehicles. Sunverge investors include Southern Cross Venture
Partners, Siemens Venture Capital, and Total Energy Ventures
International. For more information, please visit
www.sunverge.com.
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SOURCE SunPower Corp.