SAN JOSE, Calif., Nov. 7, 2016 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a global solar technology and energy services provider, today announced a new multi-year commitment to nonprofit GRID Alternatives, the nation's largest nonprofit solar installer. Under the partnership, SunPower will donate more than two megawatts of high efficiency solar panels over a three-year period. The commitment will provide enough solar to help power approximately 550 homes and will also provide job training in underserved communities.
SunPower's investment will also support GRID Alternatives' Solar Futures program, which provides both classroom and hands-on solar training to K-14 students, with a focus on high school juniors and seniors. GRID Alternatives has been providing solar training for high school students in California since 2010, and SunPower's support is helping to expand that work nationally.
"SunPower is proud to extend our ten-year support of GRID Alternatives for another three years, as they continue to bring access to clean energy for everyone and expand their valuable education program," said Doug Richards, SunPower executive vice president. "GRID Alternatives is helping students understand and experience solar technology first-hand in an industry that is expected to grow with the popularity of renewable energy."
SunPower has been a GRID Alternatives supporter since 2006, and a major equipment partner since 2012. Nearly 950 households have gone solar through the partnership to-date. SunPower employees have also volunteered more than 3,600 hours of their time to install solar for low-income families.
"We're so grateful to have a long-time partner like SunPower that shares our vision of an inclusive clean energy transition," said GRID Alternatives co-founder and CEO Erica Mackie. "SunPower's multi-year commitment allows us to continue growing our work nationally, helping underserved communities across the country access the clean power, financial savings and career opportunities solar provides."
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.
About GRID Alternatives
GRID Alternatives is America's largest non-profit solar installer bringing clean energy technology and job training to low-income families and underserved communities through a network of community partners, and philanthropic supporters. GRID has installed 7600 solar electric systems with a combined installed capacity of 27MW, saving $213 million in lifetime electricity costs, preventing 600,000 tons of greenhouse gas emissions, and providing over 28,000 people with solar training. GRID has ten regional offices and affiliates serving California, Colorado, the Mid-Atlantic and New York tri-state regions, and Tribal communities nationwide. Its international program also provides off-grid solar to rural communities in Nicaragua and Nepal. For more information, visit www.gridalternatives.org.
SunPower 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 projected timelines and expected energy output. 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 challenges inherent in constructing certain projects, and fluctuations or declines in the performance of our solar panels and other products and solutions. 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.
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