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SunPower Partners with Nine of 12 Collegiate Teams Competing in the 2013 Formula Sun Grand Prix in Austin, Texas

High Efficiency Maxeon Solar Cells Propel 75 Percent of Participants Around Official Formula 1 Racetrack

SAN JOSE, Calif., June 24, 2013 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR), a global solar energy and technology provider, today announced that nine of 12 university teams will race in the 2013 Formula Sun Grand Prix (FSGP) with solar vehicles powered by SunPower's high efficiency, high reliability Maxeon® solar cells.

The SunPower® all-back contact solar cells collect and convert more sunlight into energy when compared to cells with contacts on the front. This all-back contact allows SunPower cells to generate maximum solar power when applied to limited surface areas found on some rooftops, as well as on the hoods of FSGP racecars.

"SunPower's solar technology continues to be the choice for innovative projects that blaze new trails for renewable energy solutions," said SunPower CEO Tom Werner. "SunPower cells fueling the Formula Sun Grand Prix cars, and the Solar Impulse airplane that recently journeyed above Texas, utilize the same solar technology that power residential rooftops, commercial applications and power plant installations around the globe."

Of 12 university teams that registered to compete in this year's FSGP, nine chose to build and race their solar vehicles with high efficiency SunPower Maxeon solar cells including:

  • Illinois State University
  • Iowa State University
  • Missouri University of Science and Technology
  • Northwestern University
  • Oregon State University
  • Principia College
  • University of Texas at Austin
  • University of Waterloo
  • Western Michigan University

The FSGP is an annual, three-day race where university teams from around the world challenge their solar vehicles to successfully handle curves, braking and acceleration on a grand prix-style course. This year's event will be held in Austin, Texas at the Circuit of The Americas™ on an official Formula 1® racetrack for the first time in FSGP history. The University of Texas at Austin Solar Vehicles Team from the Cockrell School of Engineering will act as local university host.

Various FSGP race events will be held from June 24 - 29, 2013. They are free and open to the public. One FSGP winner will be determined by the most laps completed during designated driving hours, while another team will be recognized for completing the fastest single-lap around the track. Paired with functional vehicle design and solar cell application, high solar cell efficiency will be critical to success since teams have limited solar charging time in the mornings and evenings on race days.

SunPower is an official sponsor of this year's FSGP. The company's Austin employees will be at the event to discuss SunPower's high efficiency solar technology and assist with race-day logistics. Announced in 2010, SunPower's Austin office employs about 100 people who primarily perform operations, IT, finance, and engineering, procurement and construction functions.

About SunPower
SunPower Corp. (NASDAQ: SPWR) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company's quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North America, Europe, Australia, Africa and Asia. For more information, visit www.sunpowercorp.com.

SunPower and Maxeon are registered trademarks of SunPower Corporation in the U.S. and other countries. All other trademarks are the property of their respective owners.

SOURCE SunPower Corp.