SAN JOSE, Calif., Oct. 6, 2015 /PRNewswire/ -- SunPower (Nasdaq: SPWR) has launched a remote operations control center (ROCC) for monitoring and controlling large-scale solar power plants the company operates in the United States, including those that are sold to 8point3 Energy Partners LP (Nasdaq: CAFD), the YieldCo joint venture formed by SunPower and First Solar. It is also being used to monitor operations at solar power plants SunPower has constructed in Latin America, Europe, Africa, Australia, and Asia.
"SunPower's remote operations control center is designed to optimize energy production at our solar power plants, allowing utilities and power plant owners to better manage their energy," said Tom Werner, SunPower CEO and president. "Increasingly, utilities are adding solar to their energy mix to provide their customers with reliable, cost-effective and emission-free energy."
The ROCC employs eight staff members who provide monitoring and controls 24 hours a day, seven days a week, 365 days a year. It is fully compliant with North American Electric Reliability Corporation (NERC) including critical infrastructure protection (CIP) reliability standards. SunPower anticipates the facility will be remotely controlling approximately 1.3 gigawatts of solar power plants by 2016.
"As an energy services provider, our ROCC enables SunPower to be a good manager of the utility grid, and enhance safety at our power plant sites," Werner added. "It is scalable to accommodate the anticipated continued growth of our global power plant fleet."
The ROCC is located in SunPower's Austin, Tex. office, which opened in 2011 and employs more than 250 people.
About SunPower Corp.
As one of the world's most innovative and sustainable energy companies, SunPower (Nasdaq: SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.
SunPower's 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 our plans and objectives for developing our global power plant pipeline and related energy monitoring and controls services. 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. Factors that could cause or contribute to such differences include, but are not limited to: (1) competition in the industry and downward pressure on average selling prices; (2) our liquidity, substantial indebtedness, and our ability to obtain additional financing for our projects and our customers; (3) our ability to meet our cost reduction targets; (4) regulatory changes and the availability of economic incentives promoting use of solar energy; (5) challenges inherent in constructing and maintaining certain of our large projects, such as the Solar Star projects; (6) the success of our ongoing research and development efforts and commercialization of new products and services; (7) fluctuations in our operating results; (8) manufacturing difficulties that could arise; and (9) challenges managing our joint ventures. 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 reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpowercorp.com. 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 SunPower Corp.