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Solar EV Startup Touts $48Mn Funding Round (Ind. Report)
Lightyear
Date: 2021-03-17
In the Netherlands, solar electric vehicle startup Lightyear is reporting it largest funding roud to date -- $48 million led by Zero Point Holding B.V. -- which will be used to support their growth and path towards the first customer deliveries of the company's first electric vehicle called the Lightyear One by the end of this year.

Lightyear One uses 5 square meters of integrated solar cells in the vehicles roof and hood and an efficient powertrain, high yield solar roof and an optimized thermal management system. for electric vehicles. The cells function independently, meaning they produce a higher yield compared to conventional solar cells, according to Lightyear. The Lightyear One can drive up to 55km (34 miles) per day on solar power alone.

Lightyear teamed up with Silicon Valley-based company SunPower Corporation, integrating the company's Maxeon solar cells onto conductive back sheet technology developed by Dutch life sciences company DSM. SunPower is an energy company that designs and manufactures crystalline silicon photovoltaic cells and solar panels based technology invented at Stanford University in California. (Source: Lightyear, PR, Mar., 2021) Contact: Lightyear, Lex Hoefsloot, CEO, www.lightyear.one

More Low-Carbon Energy News Solar,  


SunPower Shuttering Hillsboro, Oregon Plant (Ind. Report)
SunPower
Date: 2021-01-11
SunPower reports it will cease production at its SunPower Manufacturing Oregon solar panel plant in Hillsboro, Oregon by March 2021 and complete the wind-down of the facility in early June. The company is looking into the possible sale of the plant, exploring a joint venture option or assessing potential partnerships.

As previously reported, SunPower completed the spin-off of Maxeon Solar Technologies last August. The spin-off encompassed international panel manufacturing and associated sales, which is now run by Maxeon. Following the split, SunPower is focused on solar and battery storage system sales and services for customers in the U.S. and Canada, as well as developing downstream energy services products like energy management software. (Source: SunPower, PR, GreenTech, 9 Jan., 2020) Contact: SunPower, Thomas H. Werner, CEO, (408) 240-5500, www.sunpower.com

More Low-Carbon Energy News SunPower,  Solar,  


SunPower Secures Res. Solar Lease Financing (Ind. Report)
SunPower
Date: 2020-09-25
San Jose, California-based distributed generation storage and energy services provider SunPower reports it has secured financing commitments from Hannon Armstrong Sustainable Infrastructure Capital, Inc. and other capital providers for its residential solar lease program, as well as its new solar plus storage program, SunPower Equinox® system with SunVault™ storage. These customer financing provisions will supplement the solar loan, solar lease and cash sale alternatives that SunPower presently offers.

SunPower has provided solar lease financing options to customers since 2010 and has offered them through its network of residential solar dealers in many areas across the U.S., new home builders where the company holds a market-leading position, and direct sales teams. Last year, SunPower's U.S. residential business saw annual deployment growth of more than 15 pct bringing the total number of American homes with SunPower solar to over 330,000 households, according to the company website release. (Source: SunPower Corp., Website PR, 22 Sept., 2020) Contact: SunPower, Tom Werner, CEO, www.sunpower.com

More Low-Carbon Energy News SunPower,  Solar,  


COVID-19 Idles SunPower Solar Cell, Module Plants (Ind. Report)
SunPower
Date: 2020-04-24
San Jose, California-based high-performance PV manufacturer SunPower Corp. reports it has idled all of its manufacturing plants located in the US, Mexico, France, Malaysia and the Philippines to restrict the financial and operational impacts of the COVID-19 pandemic. No expected restart dates were announced. (Source: SunPower, PR, PV 21 April, 2020) Contact: SunPower Corp., Thomas H. Werner, CEO, (408) 240-5500, www.sunpower.com

More Low-Carbon Energy News SunPower,  Solar,  


TOTAL Touts Joint Bid for French Offshore Wind Asset (Int'l, M&A)
Total, Elicio,Orsted
Date: 2019-02-22
Paris-headquartered French energy major TOTAL reports it is partnering with Denmark's Orsted and renewable energy producer Elicio in a joint bid for the 600MW capacity Dunkirk offshore wind project in France.

TOTAL's previous renewable energy ventures include its $1.3 billion acquisition of SunPower and purchase of a 23 pct stake in solar and wind energy producer Total Eren.

TOTAL notes it plans to invest between $1.5 and $2 billion $2bn per in low-carbon electricity with a target of about 10 GW of installed capacity by 2022. (Source: TOTAL, Reuters, Business Day, 19 Feb., 2019) Contact: TOTAL, Philippe Sauquet, www.total.com/en; Elicio, +32 59 56 97 00, +32 59 56 97 01 - fax.,info@elicio.be, https://elicio.be/en; Orsted, Henrik Poulsen, CEO, Daniel Lerup, Inv. Relations, +45 99 55 97 22, www.orsted.com

More Low-Carbon Energy News Orsted,  TOTAL,  Offshore Wind,  Wind,  


SunPower Seeks Solar Cell Manufacturing Expansion Investor (Ind. Report)
SunPower Corp
Date: 2019-02-15
San Jose, California-based SunPower Corp reports it is seeking non-equity strategic partner funding for expansion of its Next Generation Technology (NGT) solar cell manufacturing capacity.

In 2017 SunPower began ramping up its second manufacturing line that will more than double its NGT nameplate capacity to over 250 MW by the end of 2019. (Source: SunPower, 14 Feb., 2019) Contact: SunPower Corp., Thomas H. Werner, CEO, (408) 240-5500, www.sunpower.com

More Low-Carbon Energy News SunPower Corp.,  Solar ,  


Hawaiian Solar-Storage Peaker Project Now Online (Ind. Report)
AES Corp, Kaua’I Island Utility Cooperative
Date: 2019-01-14
In the Aloha State, the Kauai Island Utility Cooperative and AES Corp. are reporting completion of their joint solar and energy storage project with a "record-breaking photovoltaic peaker capacity" at Lawai.

The Lawai Solar and Energy Storage Project combines a 28-MW solar PV and 100-MWh five-hour duration energy storage system that meets roughly 11 pct of Kauai islands power needs -- more than 50 pct of Kauai island is powered by renewables, according to AES.

The project, which got underway last February, is owned and operated by AES Distributed Energy. The project's energy storage system incorporates SunPower's solar panels and 13,000 lithium-ion battery modules from Samsung SDI.

Hawaii has mandated the use of 100 pct renewable energy by 2045.(Source: AES, PR, Power Eng., 9 Jan., 2019) Contact: AES Corp., Andres Gluski, Pres., CEO, www.aes.com; Kauai Island Utility Cooperative, www.kiuc.coop

More Low-Carbon Energy News Solar,  Energy Storage,  AES Corp. ,  


Walmart Increases Wind, Solar Power Purchases (Ind. Report)
Walmart,EDP Renewables,SunPower
Date: 2018-10-31
Arkansas-headquartered retail juggernaut Walmart is reporting an agreement to purchase 233 MW of utility-scale wind power from Houston-headquartered EDP Renewables North America. The PPA is in keeping with the retail giant's goal of sourcing 100 pct of its global energy needs from renewables.

The Walmart-EDP agreement includes three EDP Renewables developed, owned and operated wind farms in the states of Illinois and Indiana. The deal didn't specify how the electricity will be distributed or whether the power will go directly toward local Walmart or other facilities. Walmart also recently announced an agreement with San Jose, California-based SunPower for the installation of both rooftop and ground-mounted solar systems at 19 Walmart stores and two distribution centers in Illinois, all of which are expected to begin construction early in the new year. (Source: Walmart, Triple Pundit, 30 Oct., 2018) Contact: Walmart, Mark Vanderhelm, VP Energy, http://corporate.walmart.com; EDP Renewables North America, Miguel Prado, CEO, (713)265-0350 - Houston, +351 21 001 25 00, www.edpr.com; SunPower Corp., Thomas H. Werner, CEO, (408) 240-5500, www.sunpower.com

More Low-Carbon Energy News SunPower,  Walmart,  EDP Renewables,  Solar,  Renewable Energy,  Wind,  


SunPower Nails 1.7MW Bose Corp. Solar Installation (Ind. Report)
SunPower
Date: 2018-10-15
San Jose, California-headquartered SunPower is reporting the completion of a 4,000 panel, 2.4 million kWh solar installation at the Bose Corporation's campus in Framingham, Massachusetts.

SunPower provided turnkey service for the installation, including financing, engineering, procurement and construction (EPC) as well as long term operation and maintenance (O&M) support for the fixed-tilt, ground mounted system on the Bose campus. (Source: SunPower, 13 Oct., 018) Contact: SunPower Corp., Thomas H. Werner, CEO, (408) 240-5500, www.sunpower.com

More Low-Carbon Energy News SunPower,  Solar,  


SunPower Concludes SolarWorld Asset Acquisition (M&A)
SunPower,SolarWorld
Date: 2018-10-05
San Jose, California-headquartered SunPower Corp. reports the conclusion of its acquisition of assets of Hillsboro, Oregon-based solar panel maker SolarWorld Americas. Details of the transaction have not been revealed.

SunPower plans to deploy P-Series -- Performance Series -- manufacturing equipment at the Hillsboro plant and expects to start product shipments no later than 1Q, 2019. Hillsboro plant upgrades could come in at as much as $15 million, according to a company statement. (Source: SunPower, Renewables, 2 Oct., 2018) Contact: SolarWorld, www.solarworld-usa.com; SunPower Corp., Thomas H. Werner, CEO, (408) 240-5500, www.sunpower.com

More Low-Carbon Energy News SolarWorld,  SunPower,  Solar,  

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