ANAHEIM,
Calif., Sept. 10, 2024 /PRNewswire/ --
RE+ 2024 -- Today at RE+ 2024, the largest clean
energy event in North America, Maxeon Solar Technologies, Ltd.
(NASDAQ:MAXN), a global leader in solar innovation and channels,
confirmed that Cypress Creek Renewables, a leading solar and
storage developer and independent power producer, has chosen Maxeon
solar panels for installation at key power plant projects in the
U.S.
Commercial operation for Cypress Creek's largest hybrid
facility, Zier, in Brackettville,
Texas, commenced in May with 208MW of photovoltaic capacity
provided by more than 383,000 Maxeon Performance line solar panels.
The Zier Hybrid Solar Site can generate enough energy to power over
41,000 homes in Texas each year.
The site is designed to set a new standard for renewable,
utility-scale power projects in the U.S., and is indicative of
Cypress Creek's leadership in developing transformational energy
infrastructure.
The success of the collaboration between Maxeon and Cypress
Creek Renewables has resulted in Maxeon providing modules for
additional Cypress Creek projects across the country including in
New York and Washington states.
"Reliable, renewable energy is increasingly critical for
communities, businesses and organizations across the U.S., and
Maxeon is pleased to partner with power producers like Cypress
Creek who are leading the way toward a future of clean energy,"
said Jason Espersen, Maxeon VP &
GM, Utilities and Power Plants. "Maxeon has become the solar panel
producer of choice for utility and power plant developers due to
our successful track record of providing the optimal balance of
price and performance, our supply chain structure, differentiated
products, and our exceptional ESG profile as one of the world's
most sustainable corporations."
"Maxeon is a pioneer and long-time leader in the U.S. solar
industry, and we chose them for our Zier project and for future
projects based on their commitment to provide efficient, reliable,
sustainably produced modules that will advance our mission," said
Peter Toomey, Chief Development
Officer for Cypress Creek.
At RE+, Maxeon will be exhibiting its industry-leading solar
panels and solutions including its Maxeon IBC solar panels
pioneering the future of PV technology, and its Performance 7 solar
panels. Maxeon Performance line panels feature high efficiency
TOPCon cell technology offering solar customers improved
aesthetics, increased mono or bifacial energy generation, and a
lower temperature coefficient for enhanced output in
high-temperature environments. This new line of panels also
features a robust 30-year power, product, and service warranty.
Maxeon is engaging with new and existing partners and showcasing
its latest solar panels and solutions at RE+ booth D23045,
September 10-12.
For more information on solar energy solutions for utility-scale
power plants, visit www.ccrenew.com and www.maxeon.com.
About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive
Change™. Headquartered in Singapore, Maxeon leverages over 35
years of solar energy leadership and over 1,900 patents to design
innovative and sustainably made solar panels and energy solutions
for residential, commercial, and power plant customers. Maxeon's
integrated home energy management is a flexible ecosystem of
products and services, built around the award-winning
Maxeon® and SunPower® branded solar
panels. With a network of more than 1,700 trusted partners and
distributors, and more than one million customers worldwide, the
Company is a global leader in solar. For more information about how
Maxeon is Powering Positive Change™ visit us
at www.maxeon.com, on LinkedIn and on
Twitter/X @maxeonsolar.
About Cypress Creek Renewables
About Cypress Creek
Renewables Cypress Creek Renewables is a leading renewables
developer and independent power producer. It develops, finances,
owns, and operates utility-scale and distributed solar and energy
storage projects across the United
States with a mission to power a sustainable future, one
project at a time. Since inception, Cypress Creek has developed
12GW of solar projects. Today it owns more than 2GW of solar and
has a 30GW solar and storage pipeline. Cypress Creek's leading
O&M services business, Cypress Creek Solutions, operates and
maintains 5GW of solar projects for customers across 24 states. For
more information about Cypress Creek, please visit ccrenew.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934,
including, but not limited to, statements regarding our existing
partnerships; our expectations regarding partner support, customer
acceptance and demand, market traction, opportunities in existing
and new markets; our expectations regarding the appeal, utility,
efficiency and environmental and sustainability benefits of our
product offering; our technology outlook and future performance and
the company's expectations of the timing and success of its product
offering strategy in existing markets. 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. 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 report on Form 20-F, particularly under
the heading "Item 3.D. Risk Factors." and our report on Form 6-K
furnished with the SEC on September 3,
2024. Copies of these filings are available online from the
SEC or on the Financials & Filings section of our Investor
Relations website at
https://corp.maxeon.com/financials-filings/sec-filings. 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.
©2024 Maxeon Solar Technologies, Ltd. All Rights Reserved.
MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd.
Visit https://corp.maxeon.com/trademarks for more information.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cypress-creek-renewables-selects-maxeon-solar-solutions-for-major-utility-scale-projects-302242617.html
SOURCE Maxeon Solar Technologies, Ltd.