SunPower Foundation seeking applications for
clean energy education and workforce training programs that target
underrepresented groups
RICHMOND, Calif., Sept. 6,
2023 /PRNewswire/ -- SunPower (NASDAQ:SPWR), a
leading residential solar technology and energy services provider,
today announced three new grant programs to ensure solar benefits
all Americans. These grants are funded by SunPower Foundation, the
company's philanthropic arm, with the intent to foster an equitable
clean energy transition.
"The climate crisis most severely impacts individuals from
underserved communities that are less prepared and have limited
financial resources to address these impacts," said Maribelle Bostic, head of diversity, equity and
inclusion at SunPower. "A livable climate is a fundamental human
right which relies on the adoption of clean energy solutions.
SunPower Foundation invests in projects that move us closer to a
solar-for-all future and mitigate climate change in a meaningful
way."
The funding is available for 501(c)(3) nonprofit organizations
that are advancing clean energy equity across the U.S.,
including:
- Workforce Development Grant for increasing
workforce diversity in solar by providing career opportunities for
women, minorities and people of color. This includes training
programs, career awareness and STEM education.
- Minority and Women Owned Business Enterprise (MWBE)
Grant for ensuring industry equity and supporting entrepreneurs
in solar with coaching and business development.
- Solar Accessibility, Affordability, and Resiliency
Grant for helping communities that have been historically
underserved or impacted by climate disasters adopt solar
solutions.
This effort builds on the progress SunPower has made toward its
25x25 commitments to make the economic and resiliency benefits
of solar and battery storage available to all Americans. Qualified
entities can apply for grants between $5,000 to $100,000
annually. The initial application window is open now and through
Oct. 20; recipients will be announced
by the end of the year.
Since inception, SunPower Foundation has awarded over
$1 million in grants to expand access
to solar. Previous recipients include GRID Alternatives, Habitat
for Humanity of Greater Sacramento
and Solar Energy International (SEI) among others. To apply or
learn more, visit www.sunpower.com/foundation.
About SunPower
SunPower (NASDAQ:SPWR) is a leading
solar, storage and energy services provider in North America. SunPower offers solar + storage
solutions designed and warranted by one company that gives
customers control over electricity consumption and resiliency
during power outages while providing cost savings to homeowners.
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 plans and
timing 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,
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, 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.sunpower.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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SOURCE SunPower Corp.