SunPower to Boost Sales as Parent Total Expands in Renewablesby
SunPower CEO Werner says ‘ecosystem is coming together nicely’
Total combining its clean energy units to improve offerings
SunPower Corp. will be able to offer new products to homeowners, businesses and utilities as its majority owner, Total SA, continues to consolidate its clean-energy units, said SunPower Chief Executive Officer Tom Werner.
Paris-based Total agreed last month to buy French battery maker Saft Groupe SA as it ratchets up investments in renewable energy, battery storage, power and gas trading and energy efficiency. The oil major plans to invest $500 million a year in renewables.
“Total understands that solar and storage provide a lot of benefits,” Werner said Tuesday in an interview at Bloomberg’s New York headquarters. “The ecosystem is coming together nicely.”
By adding battery systems to solar and energy efficiency packages, San Jose, California-based SunPower, the second-largest U.S. panelmaker, can promise to deliver excess supplies to utilities, creating a new source of revenue.
“Offering firm power is very logical,” Werner said.