SunPower

Peter Faricy was barely at the helm during the first quarter of 2021 but his first earnings call will involve him explaining a quarter-on-quarter reverse from a $413 million profit to a near $50 million loss.

The solar energy projects are expected to offset around one-third of the electric demand of Baltimore’s public buildings.

SunPower claims that the electricity savings could equal the monthly cost of its 25-year loans for residential solar systems.

SunPower’s distributed-generation services platform, as well as storage and digital solutions, will be key to its long-term growth, CEO Tom Werner said in an earnings call this week.

The SunPower solar monitoring app draws inspiration for its user interface from unlikely non-energy sources such as Spider-Man.

The US module maker plans to start shutting down production in Hillsboro in March. Around 170 employees are affected by the closure. At the same time, however, Sunpower is examining other options for continued operation.

Authorized Sunpower distributors and installers in Germany, Switzerland, France, Belgium, Luxembourg, Malta, and the Netherlands are now offering the Maxeon 5 AC module for rooftop projects. An Enphase microinverter is already integrated into the product.

It took a pandemic, but the U.S. residential solar and storage industry has finally figured out how to lower customer acquisition costs.

With folks housebound by Covid-19 restrictions and more conscious of their home energy needs, April proved a banner month for companies generating digital leads through their own accelerated transition to a new way of working.

Negative second-quarter updates from China and uber-low new-solar figures from India, however, show the world is far from out of the woods yet.