Maxeon Solar Technologies Expands Its SunPower One Ecosystem To Electric Vehicle Charging With Industry Leader Star Charge

Februari 12, 2023Januari 17, 2023 falma.u99 charge, charging, ecosystem, electric, expands, industry, leader, maxeon, solar, sunpower, technologies, vehicle

The partnership combines Star Charge’s expertise in the research, development, and manufacturing of electric vehicle charging technology with Maxeon’s world-class clean energy technology and next-generation consumer experience, allowing Maxeon to enhance the homeowner benefits of solar production and home energy consumption by adding electric vehicle charging management.

Commenting on the partnership, Mark Babcock, interim CEO of Maxeon Solar Technologies, said: “At Maxeon, we are delighted to continue building out our SunPower One home energy management experience thanks to partnerships with category leaders like Star Charge, ensuring we deliver on our promise of Powering Positive Change. Maxeon’s SunPower One makes clean energy adoption simpler through a fully integrated suite of products that allows consumers to take control of their domestic energy production and consumption, enabling financial and carbon savings. By educating and empowering homeowners with respect to the energy they create and consume, we aim to support and accelerate the global energy transition.”

Toni Cheng, CEO of Star Charge Europe, Group VP, said: “Maxeon Solar Technologies has led the solar panel manufacturing industry in areas such as panel reliability and longevity, unleashing greater value for customers. Building on this, we’re thrilled to see Maxeon taking an innovative approach to improve the experience customers can have with solar energy. We are confident this partnership will help to facilitate the uptake of electric vehicles in parallel with solar panels and have an overall positive impact on the world.”

Endorsing the differentiation that SunPower One brings to the market and to the end consumers, Ralf Elias, Chief Product Officer at Maxeon Solar Technologies, said, “With this partnership, homeowners gain the end-to-end power of producing their own clean energy and taking it with them through EV charging. We look forward to announcing future partnerships that add features to SunPower One’s open and flexible ecosystem, helping consumers drive more savings.”

The EV charging products are expected to be available and integrated in the SunPower One home energy solution in selected European markets in the first quarter of 2023, and rolled out to other markets during the remainder of 2023.

About Maxeon Solar Technologies

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding anticipated partnership, product launch timing and our expectations regarding efficiency, customer acceptance and demand, market traction, upsell and expansion opportunities in existing and new markets; the company’s expectations of the timing and success of its product offering strategy in existing and in new markets, including our anticipated areas of focus and investment, market expansion, future partnerships and product and technology focus. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (“SEC”) from time to time, including our most recent report on Form 20-F, particularly under the heading “Item 3.D. Risk Factors.” Copies of these filings are available online from the SEC or on the Financials & Filings section of our Investor Relations website at /financials-filings/sec-filings. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

SOURCE Maxeon Solar Technologies, Ltd.