Residential solar solutions provider SunPower and global solar innovation and technology company Maxeon Solar announced the extension of their supply relationship through 2025. Under the agreement, Maxeon Solar will help SunPower meet the increasing residential solar demand in the U.S. by raising the supply of its high-efficiency premium IBC solar modules, meanwhile enhancing Maxeon's footprint in the U.S. market.
"Demand for solar continues to increase alongside the desire for clean, affordable and reliable energy, and SunPower is well positioned to capture this growth with trusted products and unmatched customer experience," said Peter Faricy, CEO of SunPower.
Maxeon expects to sell additional volumes of its Maxeon 6 panels on an exclusive basis, which are marketed as M-Series under the SunPower brand in the U.S. and Canada. SunPower also receives the right to negotiate the supply of Maxeon's future IBC solar modules, ensuring the company's provision of latest high-efficiency solar technology to customers.
The cooperation further solidifies Maxeon's relationship with SunPower and cements Maxeon's proven track record of supplying its industry-leading IBC technology.
Commenting on the energy market in the U.S., Mark Babcock, Interim CEO of Maxeon Solar, said, "The high retail power prices seen in 2022, which look likely to continue into 2023, have created an environment where more and more consumers are realizing the benefits of top-quality rooftop solar."
"Maxeon's innovative panels are well-equipped to deliver these advantages to homeowners across the U.S., where they have been the gold standard for almost 20 years."
M-Series solar panels are backed by IBC and associated cell technologies to achieve high energy output while satisfying customers' increasing aesthetic needs for the system. They are one of the top premium options for homeowners in the U.S.
