Energy Management Solutions, Including Solar with Storage, Help Customers Control Energy Costs and Benefit Utility Grids, Says SunPower CEO
SunPower Corp. (NASDAQ: SPWR) and Sunverge Energy, Inc. today announced an exclusive agreement that offers SunPower's fully integrated SunPower solar power systems and Sunverge's advanced Solar Integration System (SIS) energy storage solutions to residential customers and utilities in the U.S. The two companies are providing a similar offering to Australian customers. SunPower and Sunverge expect to make combined solar and storage solutions broadly commercially available in early 2015.
"Over the next five years, we expect to see a disruptive shift in the energy market, with solar power, energy storage, smart devices, energy management technologies and electric vehicles being combined," said SunPower CEO Tom Werner. "As we join Sunverge's adaptable and reliable storage solutions with SunPower's high performance solar technology, we're giving consumers a 'Smart Energy' solution that will deliver unprecedented levels of personalization, value and control. Providing this integrated solution to utilities allows them to access the benefits of rooftop solar and storage at significant scale."
"Sunverge is a leader in the distributed energy storage market, with customers and projects around the world and hundreds of systems in production operating to the highest standards of performance, reliability and safety," said Sunverge CEO Ken Munson. "Our unique hardware and software platform allows customers to bundle solar, energy storage, and other distributed resources and manage them as a fleet to enhance the long-term value of their energy investments."
"Together with SunPower, we can deliver an 'end-to-end' solar and storage solution that bundles services from design and installation to monitoring, support and beyond," Munson continued. "This solution offers tremendous benefits on both sides of the meter, from more reliable and cost-effective energy for the consumer to enhanced grid-management and ancillary services capabilities for utilities. No other comparable market offering provides this kind of depth and breadth of service and value to consumers and utilities."
