SAN JOSE, Calif., Sept. 9 /PRNewswire-FirstCall/ -- SunPower
Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of
high-efficiency, solar cells, solar panels, and solar systems, today
announced that the U.S. Department of Energy (DOE) has installed a
205-kilowatt SunPower solar-electric system atop the roof of the Forrestal
Building in Washington, D.C. U.S. Department of Energy Secretary Samuel W.
Bodman dedicated the system at a ceremony being held at the facility today.
"The significance of this solar array is both practical and symbolic --
it improves the way the Department consumes energy and it is a symbol of
America's commitment to using the best available new technologies to
confront the energy challenges we face today and will face tomorrow," said
U.S. Secretary of Energy Samuel W. Bodman."
"We are proud that the Department of Energy, which is investing
research and development funding into a wide spectrum of solar
technologies, chose SunPower's high-efficiency solar panels to help power
its headquarters," said Tom Werner, chief executive officer of SunPower.
"This installation is a testament to the growing adoption of solar energy
on commercial and public buildings. Solar power systems help to minimize a
customer's exposure to electric rate volatility for decades into the
future."
SunPower PowerGuard(R) was chosen for the DOE's rooftop because it
integrated well into the existing roofline. PowerGuard is a patented,
non-penetrating lightweight photovoltaic roofing system that delivers clean
solar electricity to the building while protecting the roof from damaging
effects of weather and UV radiation, as well as insulating the building to
reduce heating and cooling costs. SunPower's high-efficiency 230 solar
panels were used in the DOE's solar system and will generate approximately
222,000 kilowatt hours of electricity annually.
SunPower has also installed solar systems for other government agencies
such as the U.S. Navy in Coronado, Calif., and Pearl Harbor, Hawaii, as
well as atop the roof of the U.S. Postal Service in West Sacramento, Calif.
SunPower has installed a 14 megawatt solar photovoltaic power plant at the
Nellis Air Force Base near Las Vegas, Nev., and has contracted to build a
10 megawatt ground-mounted solar system at the Kennedy Space Center for
Florida Power & Light Company.
The DOE's solar-electric system was installed by two of SunPower's
premier dealers. altPOWER, the market leader in New York City, specializes
in building integrated photovoltaic systems (BIPV), a process whereby solar
cells and panels are incorporated into the shell of a new building.
Standard Solar, based in Maryland, is a turnkey system developer that
specializes in residential and commercial solar power installations. The
company is presently installing solar arrays for homes and businesses
throughout the Mid-Atlantic Region.
About SunPower
SunPower Corporation (Nasdaq: SPWR) designs, manufactures and delivers
high-performance solar electric systems worldwide for residential,
commercial and utility-scale power plant customers. SunPower
high-efficiency solar cells and solar panels generate up to 50 percent more
power than conventional solar technologies and have a uniquely attractive,
all-black appearance. With headquarters in San Jose, Calif., SunPower has
offices in North America, Europe, Australia, and Asia. For more
information, visit http://www.sunpowercorp.com. SunPower is a
majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY).
Forward-Looking Statement
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements are statements that do not
represent historical facts. The company uses words and phrases such as
"will," "growing," "help" and similar expressions to identify
forward-looking statements. Forward-looking statements in this press
release include, but are not limited to, the company's plans and
expectations regarding: (a) the growing adopting of solar energy on
commercial and public buildings; (b) solar power systems helping to
minimize a customer's exposure to electric rate volatility for decades into
the future; and (c) the solar panels generating approximately 222,000
kilowatt hours annually. These forward-looking statements are based on
information available to the company as of the date of this release and
current expectations, forecasts and assumptions and involve a number of
risks and uncertainties that could cause actual results to differ
materially from those anticipated by these forward-looking statements. Such
risks and uncertainties include a variety of factors, some of which are
beyond the company's control. In particular, risks and uncertainties that
could cause actual results to differ include: (i) business and economic
conditions and growth trends in the solar power industry; (ii) the
continuation of governmental and related economic incentives promoting the
use of solar power; (iii) the continued availability of third-party
financing arrangements for the company's customers; (iv) the price and
availability of cells and solar panels; (v) actual electricity generation;
(vi) the actual energy consumption rate; (vii) unexpected changes in
utility service rates; and (viii) other risks described in the company's
Quarterly Report on Form 10-Q for the quarter ended June 29, 2008, and
other filings with the Securities Exchange Commission. These
forward-looking statements should not be relied upon as representing the
company's views as of any subsequent date, and the company is under no
obligation to, and expressly disclaims any responsibility to, update or
alter its forward-looking statements, whether as a result of new
information, future events or otherwise.
SunPower is a registered trademark of SunPower Corp. Cypress is a
registered trademark of Cypress Semiconductor Corp. All other trademarks
are the property of their respective owners.
SOURCE SunPower Corporation
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Related links:
http://www.sunpowercorp.com/
CONTACT:
Ingrid Ekstrom, +1-510-868-1368,
ingrid.ekstrom@sunpowercorp.com, or Helen Kendrick,
+1-408-240-5585, hkendrick@sunpowercorp.com, both of SunPower
Corporation
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