SAN JOSE, Calif., July 14, 2021 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, and Woodside Homes, one of the top 30 homebuilders in the U.S., today announced that Woodside Homes is now offering SunPower® solar and SunVault™ battery storage systems to owners and buyers in all its Northern California communities. As grid shortages and planned blackouts continue to impact Northern California residents, the companies are responding to soaring demand for more sustainable and reliable energy. SunPower is Woodside Homes' exclusive solar and storage partner in the region.
Demand for home energy storage is soaring across the U.S.; the residential market installed 110.2 MW of storage capacity in Q1 2021 according to the latest Wood Mackenzie report. This trend is evident in the new homes market, with nearly 1 in 3 Woodside Homes customers now requesting to add energy storage to their home.
To answer this strong demand, Woodside Homes announced that it will make SunVault a standard feature in every home in its newest subdivision coming soon to Placer County, Calif. All 128 homes in Brady Vineyards will come with rooftop solar and a 13 kWh SunVault storage system installed as a standard feature. SunVault will be designed to provide power during grid outages to essential loads, including lighting, plug loads and kitchen appliances. Homeowners can see additional electricity bill savings by using their stored energy during peak times when utility rates are the highest or selling excess energy back to the grid. New homes at Brady Vineyards are expected to start selling in the spring of 2022.
"Woodside Homes has long been at the forefront of home energy innovation, incorporating solar electric generation into its building plans for cleaner and more affordable power for more than a decade," said Matt Brost, Senior Director of New Homes sales for SunPower. "Now they are giving home buyers even more freedom and control with the ability to power their homes sustainably and keep their lights on even when the grid goes down."
Woodside Homes has provided more than 4,000 families homes powered by SunPower over the last 14 years, a testament to their commitment to homes that cost less to operate while having a positive impact on the environment. Today, Woodside Homes carefully designs each home's solar electric system to replace the majority of utility-supplied electricity, providing the greatest possible benefit to future homeowners.
"It's clear that home buyers are looking for resiliency, affordability and peace of mind when it comes to powering their homes, and we are making it easier than ever for them to achieve that with the inclusion of our Conscious Comfort solutions, which provides cleaner interior air, energy savings and advanced insulation systems," said Brian Cutting, Division President at Woodside Homes. "SunPower shares our commitment to providing the best quality and service to homeowners, and we look forward to expanding our work together as our customer needs evolve over time."
Solar-equipped Woodside Homes are fitted with SunPower Equinox® systems, which generate more power in less space with fewer visible parts than traditional solar electric systems. SunVault batteries are made with lithium iron phosphate chemistry, which is designed to be safer and more resilient to heat and oxygen exposure than typical lithium-ion batteries.
SunPower is at the forefront of new home energy solutions and compliance, working with 17 of the top 20 builders in California. The company plans to continue to add SunVault to new home communities throughout 2021 and is seeing strong storage bookings across all its segments including new homes, exiting Q2 2021.
For more information on SunVault energy storage, visit: https://us.sunpower.com/home-solar/solar-battery-storage.
For more information on Woodside Homes, including updates on the Brady Vineyards community by Woodside Homes visit: https://www.woodsidehomes.com/california-east-bay-sacramento or call 916-866-3375.
About Woodside Homes
Woodside Homes, one of the top 30 homebuilders in the U.S., is celebrating its 43rd year in the business of designing and building single-family homes for buyers seeking homes that are crafted to help them to live well. Woodside Homes is dedicated to being "Better by Design," delivering an exceptional experience to every customer, serving as a trusted, knowledgeable guide throughout the home buying process.
In 2017, Woodside Homes was acquired by SEKISUI HOUSE, one of the world's largest homebuilders. The two companies joined forces with their shared philosophies in creating sustainable communities that grow and adapt to the needs of today's homebuyers.
About SunPower
Headquartered in California's Silicon Valley, SunPower (NASDAQ:SPWR) is a leading Distributed Generation Storage and Energy Services provider in North America. SunPower offers the only solar + storage solution designed and warranted by one company that gives customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners, businesses, governments, schools and utilities. For more information, visit www.sunpower.com.
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 expected business and project plans, product performance, and cost savings. These forward-looking statements are based on our current assumptions, expectations, and beliefs and involve substantial risks and uncertainties that may cause results 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,: regulatory changes and the availability of economic incentives promoting use of solar energy 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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