SAN JOSE, Calif., Aug. 29, 2017 /PRNewswire/ -- Santa Rosa
Junior College (SRJC) recently selected SunPower (NASDAQ:SPWR) to
deploy a fully-integrated solar and storage project. The 100-acre
campus in Santa Rosa will feature
the SunPower® Helix™ Carport system and SunPower's Garage Top
Carport system totaling about 2.6 megawatts, coupled with a
1.3-megawatt (2 megawatt-hour) energy storage system from Stem,
Inc. The 40-acre Petaluma campus
will also install a 1.3 megawatt Helix Carport system.
Designed with customers like schools in mind, the Helix Carport
system features SunPower's high-efficiency solar panels that
maximize energy production, a simplified electrical and cable
management system to secure and conceal wires, as well as
monitoring software that communicates real-time insights for better
energy management. By adding Stem's software-driven energy storage,
Santa Rosa Junior College is expected
to see significant demand charge savings.
"As a large community college that believes strongly in
sustainability, SRJC wants to maximize the value of our solar
energy system with energy storage," said Dr. Frank Chong, Superintendent and President at
SRJC. "This will cut our energy costs even further to improve our
economics, benefit our students, and use taxpayer dollars as wisely
as possible."
The college will own the new solar and energy storage systems,
which were financed by Measure H bond funds. When complete in 2018,
the project will add to a 77-kilowatt SunPower system that has been
operating on top of Frank P. Doyle Library since 2007. The SunPower
systems combined are expected to deliver significant energy cost
savings during their decades of useful life.
SunPower will be responsible for design, engineering and
procurement of materials for the solar and storage project, and
will operate and maintain the solar system. The storage system will
be operated using Stem's software.
"With SunPower headquartered in the San Francisco Bay Area, it's rewarding to see
local colleges install solar to save on energy costs, while
demonstrating the importance of sustainability to students in our
communities," said Nam Nguyen,
SunPower executive vice president. "We look forward to helping
Santa Rosa Junior College maximize the
value of its solar and storage investment with SunPower's
comprehensive, cost-effective energy solutions."
SunPower has long been a trusted solar partner for community
colleges and schools in California
given the company's extensive experience delivering innovative
energy solutions to education customers. To learn more, visit the
company's solar for higher education webpage here.
About SunPower
With more than 30 years of proven
experience, SunPower is a global leader in solar innovation and
sustainability. Our unique approach emphasizes the seamless
integration of advanced SunPower technologies, delivering The
Power of One® complete solar solutions and lasting customer
value. SunPower provides outstanding service and impressive
electricity cost savings for residential, commercial and power
plant customers. At SunPower, we are passionately committed to
changing the way our world is powered. And as we continue shaping
the future of Smart Energy, we are guided by our legacy of
innovation, optimism, perseverance and integrity. Headquartered in
Silicon Valley, SunPower has dedicated, customer-focused employees
in Africa, Asia, Australia, Europe, North
America and South America.
Since 2011, we've been majority-owned by Total, the fourth largest
publicly-listed energy company in the world. For more information,
visit www.sunpower.com.
About Santa Rosa Junior
College
Santa Rosa Junior
College (SRJC) is known for academic excellence, superb
faculty and staff, comprehensive student services and beautiful
facilities. This beloved community institution, turning 100 years
old in 2018, enrolls approximately 26,000 students each semester.
SRJC is dedicated to making higher education accessible and
successful for all. Student life is vibrant, with over 50 clubs,
conference-winning athletic teams, nationally ranked speech and
debate teams, and outstanding theatre arts, music and dance
programs. The College has campuses in Santa Rosa and Petaluma, as well as Shone Farm, Southwest
Santa Rosa Center and the Public Safety Training Center. A 2015
study found that the local economic impact of SRJC totaled
$1.6 billion and over 26,000 local
jobs.
About Stem, Inc.
Stem creates innovative technology
services that transform the way energy is distributed and consumed.
The company's mission is to build and operate the largest digitally
connected energy storage network for our customers. Our world
class analytics optimize the value of customers' energy assets and
facilitate their participation in energy markets, yielding economic
and societal benefits while decarbonizing the grid. Headquartered
in Millbrae, California, Stem is
funded by a consortium of leading investors including Angeleno
Group, Iberdrola (Inversiones Financieras Perseo), GE Ventures,
Constellation Technology Ventures, Total Energy Ventures, Mitsui
& Co. LTD., RWE Supply & Trading, and Mithril Capital
Management. Visit www.stem.com for more information.
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 project plans and timelines,
relative generating capacity, anticipated performance of products,
and projected electricity 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, challenges inherent in constructing and maintaining certain
of our large projects, 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.sunpowercorp.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.
© 2017 SunPower Corporation. All Rights Reserved.
SUNPOWER, the SUNPOWER logo, HELIX and THE POWER OF ONE are
trademarks or registered trademarks of SunPower Corporation in the
U.S. and other countries as well.
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SOURCE SunPower Corp.