Residential photo voltaic installer SunPower has made minority investments in photo voltaic sellers Renova Vitality and EmPower Photo voltaic, including each to its “seller accelerator program”.
The US installer’s programme, which was launched in March 2022, supplies photo voltaic sellers capital financing and enterprise technique help to speed up their progress, together with the flexibility to promote SunPower’s photo voltaic, storage and monetary merchandise.
Furthermore, Renova Vitality covers the US states of California and Arizona, the place is has put in 11MW of rooftop photo voltaic in 2021, whereas EmPower Photo voltaic covers Lengthy Island and the larger space of New York and put in 7.79MW of distributed photo voltaic in 2021.
In 2020, EmPower Photo voltaic opened a brand new operation centre in Farmingdale, New York and has since doubled its workforce to assist with the elevated demand for residential photo voltaic round New York.
With this funding, the photo voltaic installer continues its enlargement within the residential market which has been booming within the US this 12 months up to now.
Earlier this 12 months, the corporate partnered with retail large IKEA to broaden the provision of its residence options within the US, with choose IKEA shops in California providing SunPower’s photo voltaic panels and battery storage techniques beginning this Autumn.
“With an rising want for extra inexpensive and resilient power coupled with new federal incentives to undertake clear power, client demand for photo voltaic is at an all-time excessive. By way of these investments, SunPower is enabling native sellers to seize this sturdy demand and develop their enterprise,” mentioned Peter Faricy, CEO at SunPower.
