{"id":34909,"date":"2019-11-13T07:07:56","date_gmt":"2019-11-12T20:37:56","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=34909"},"modified":"2019-11-13T07:07:56","modified_gmt":"2019-11-12T20:37:56","slug":"sunpower-maxeon-split-mb1290","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/sunpower-maxeon-split-mb1290\/","title":{"rendered":"Big Changes At SunPower"},"content":{"rendered":"

\"SunPower<\/p>\n

SunPower has announced it will spin off much of its solar panel manufacturing into a new company – Maxeon Solar Technologies.<\/p>\n

After the split, SunPower will primarily focus on product innovation, solar system installations, plus high-growth storage and energy services. SunPower’s Q3 2019 results noted record residential and new homes installation bookings and its Equinox residential battery storage solution was launched during the quarter.<\/p>\n

Maxeon Solar Technologies will be engaged in solar panel R&D, manufacturing and marketing; with solar panels produced by Maxeon manufactured in France, Malaysia, Mexico and the Philippines still to be marketed under the SunPower<\/a> brand.<\/p>\n

SunPower will still be involved in early stage research for the development and commercialising of next generation solar panel technologies, but leaving deployment-focused innovation and scale-up to be executed by Maxeon Solar.<\/p>\n

Tom Werner is to continue as CEO and Chairman of SunPower, while current chief executive officer of SunPower’s Technologies business unit, Jeff Waters, has been tapped to be Maxeon Solar’s CEO.<\/p>\n

Like SunPower, Maxeon Solar Technologies will also be a publicly traded company.<\/p>\n

Tianjin Zhonghuan Semiconductor’s Involvement<\/h2>\n

Helping to fund the setup of Maxeon Solar Technologies will be a USD $298 million equity investment by China’s Tianjin Zhonghuan Semiconductor<\/a> Co., Ltd. (TZS), which has had a long association with SunPower.<\/p>\n

“They bring not only the capital necessary to fast-track scale-up our Maxeon\u00ae<\/sup> 5 technology, but also have deep experience across the upstream Asia supply chain,” said Mr. Waters. “SunPower has a long strategic relationship with TZS, having cooperated on seven joint ventures and joint development projects since 2012.”<\/p><\/blockquote>\n

SunPower released its A-Series solar panels<\/a>, based on the company\u2019s Maxeon Gen 5 cells, in March this year in the USA. The 400W\/415W panels feature a factory-integrated microinverter manufactured by Enphase Energy<\/a>. Enphase acquired SunPower\u2019s microinverter business<\/a> in 2018.<\/p>\n

What About Hillsboro?<\/h2>\n

It was only last year SunPower acquired<\/a> what was SolarWorld Americas’<\/a> manufacturing facility in Hillsboro, Oregon. The company says it will maintain its commitment to American manufacturing at Hillsboro, which is currently its Performance Series module assembly facility. By the time the split occurs, SunPower and Maxeon Solar will have entered into a multi-year exclusive supply agreement covering sales within the U.S. and Canada.<\/p>\n

As well as approval of SunPower’s Board of Directors and a special committee of independent directors, the split has the blessing of the company’s main shareholder, Total.<\/p>\n

“During the last years, SunPower has successfully adapted the company and its products in a challenging global solar market,” said Total CEO Patrick Pouyann\u00e9. “As the main shareholder of Sunpower, we support this transaction which will bring clarity and focus for both entities on their respective activities.”<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

SunPower has announced it will spin off much of its solar panel manufacturing into a new company – Maxeon Solar Technologies.<\/p>\n","protected":false},"author":17,"featured_media":34911,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-34909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nBig Changes At SunPower - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"SunPower has announced it will spin off much of its solar panel manufacturing into a new company - Maxeon Solar Technologies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/sunpower-maxeon-split-mb1290\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big Changes At SunPower\" \/>\n<meta property=\"og:description\" content=\"SunPower has announced it will spin off much of its solar panel manufacturing into a new company - 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An AC solar panel is\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Maxeon AC solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/maxeon-ac-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/maxeon-ac-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/maxeon-ac-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/maxeon-ac-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/maxeon-ac-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":58697,"url":"https:\/\/www.solarquotes.com.au\/blog\/sunpower-maxeon-warranty-boost-mb2344\/","url_meta":{"origin":34909,"position":3},"title":"SunPower Maxeon Solar Panels May Outlive You","author":"Michael Bloch","date":"February 7, 2022","format":false,"excerpt":"Premium solar panel manufacturer Maxeon is very confident its modules will last a very long time. So much so, the company has beefed up the warranty on its flagship SunPower Maxeon product line. Solar panels come with two warranties - product and performance. The product warranty covers defects in materials\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SunPower Maxeon solar panel warranty","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/sunpower-maxeon-warranty.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/sunpower-maxeon-warranty.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/sunpower-maxeon-warranty.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/sunpower-maxeon-warranty.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/sunpower-maxeon-warranty.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":61867,"url":"https:\/\/www.solarquotes.com.au\/blog\/maxeon-alphaess-sunpower-mb2474\/","url_meta":{"origin":34909,"position":4},"title":"Maxeon Hooks Up With AlphaESS For SunPower One","author":"Michael Bloch","date":"May 16, 2022","format":false,"excerpt":"High-end solar panel manufacturer Maxeon has made an interesting choice of energy storage and EV charging solutions partner - AlphaESS. On May 5, Maxeon \"unveiled\" the SunPower One integrated home energy solution, stating: \".. the Maxeon's SunPower One solution goes beyond simple monitoring to proactively advise homeowners on ways to\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Maxeon and AlphaESS - SunPower One","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/alpha-ess-maxeon-sunpower.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/alpha-ess-maxeon-sunpower.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/alpha-ess-maxeon-sunpower.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/alpha-ess-maxeon-sunpower.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/alpha-ess-maxeon-sunpower.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":49147,"url":"https:\/\/www.solarquotes.com.au\/blog\/maxeon-solar-results-mb1948\/","url_meta":{"origin":34909,"position":5},"title":"Maxeon Solar Releases Q4 And FY20 Results","author":"Michael Bloch","date":"April 8, 2021","format":false,"excerpt":"SunPower spinoff Maxeon Solar Technologies has published results for the firm's first full quarter as an independent public company, and revealed intentions to assemble solar panels in the USA. About The SunPower\/Maxeon Thing First, a bit of background. In November 2019, SunPower announced it was to spin off much of\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Maxeon Solar Technologies","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/maxeon-solar-technologies.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/maxeon-solar-technologies.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/maxeon-solar-technologies.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/maxeon-solar-technologies.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/maxeon-solar-technologies.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/34909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=34909"}],"version-history":[{"count":3,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/34909\/revisions"}],"predecessor-version":[{"id":34913,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/34909\/revisions\/34913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/34911"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=34909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=34909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=34909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}