Maxeon Solar Technologies, Ltd. is a Singapore-based company that designs and manufactures photovoltaic panels. The company was previously a division of the American company SunPower. Maxeon was spun off from SunPower in August 2020. Maxeon was the primary provider of solar panels for SunPower through March 2024.[2] Beyond the United States, Maxeon has sales operations in more than 100 countries and has the rights to use the SunPower brand in countries outside the United States.
 | |
| Company type | Public |
|---|---|
| |
| Industry | Renewable energy |
| Predecessor | SunPower |
| Founded | August 2020 |
| Headquarters |
|
Area served | Worldwide |
Key people | |
| Revenue |  US$1.06 billion (2022) |
 US$−200 million (2022) | |
| US$−267 million (2022) | |
| Total assets | US$1.26 billion (2022) |
| Total equity |  US$48 million (2022) |
| Owner |
|
Number of employees | 5,344 (2022) |
| Website | maxeon |
| Footnotes / references Financials as of 1 January 2023[update]. References:[1] | |
History
editWhen SunPower spun-off Maxeon in August 2020, the Tianjin Zhonghuan Semiconductor Company invested US$298 million for a 24% interest in Maxeon.[3][4] Chinese technology company TCL later purchased Tianjin Zhonghuan Semiconductor, becoming a major investor in Maxeon. SunPower investor TotalEnergies also kept a significant ownership stake in Maxeon.[1]
In March 2024, Maxeon Solar filed a patent infringement lawsuit against Canadian Solar.[5][6] The alleged infringement was linked to Maxeon's TOPCon solar cell technology.[5][6][7]
Products
editIts products are known for being more expensive, but producing energy more efficiently than competing products.[3][8][9][a] Maxeon panels are often used when there is a limited amount of space for the panels, such as on rooftops.[3][b]
Ordinarily, the electrical contacts are on the front of a solar panel, facing the sun.[10] The front of Maxeon's panels channel the light to electrical contacts on the back of the panel, reducing the amount of sunlight that is reflected rather than turned into energy. Hence, Maxeon panels are sought for efficiency and aesthetic reasons. [11]
Notes
edit- ^ "SunPower panels are known for being the most efficient in the industry, able to convert more of the energy in sunlight into electricity. That can give its panels an advantage for space-constrained installations like rooftops, though they can also be more expensive than rivals’ products." (source: Los Angeles Times)
"SunPower has built a reputation as a maker of highly efficient solar panels and charges a premium price for them." (source: GreenTechMedia)
"SunPower’s panels, though not the cheapest, are much in demand because they are most efficient at transforming sunlight into energy." (source: Reuters) - ^ "That can give its panels an advantage for space-constrained installations like rooftops, though they can also be more expensive than rivals’ products."
References
edit- ^ a b "Maxeon 2022 Annual Report". March 7, 2023.
- ^ Pickerel, Kelly (November 16, 2023). "Maxeon and SunPower will no longer be exclusive starting March 2024". Solar Power World. Retrieved August 29, 2024.
- ^ a b c "One of America's biggest solar-panel makers quits manufacturing". Los Angeles Times. November 12, 2019. Archived from the original on March 8, 2021. Retrieved May 30, 2021.
- ^ Sarkar, Arundhati (November 11, 2019). "SunPower to spin off solar panel manufacturing, shares rise". Reuters. Archived from the original on September 10, 2021. Retrieved May 31, 2021.
- ^ a b "Maxeon Solar files patent infringement lawsuit against Canadian Solar". Reuters. March 25, 2024. Retrieved March 27, 2024.
- ^ a b Jacobo, Jonathan Touriño (March 27, 2024). "Maxeon files US TOPCon patent infringement lawsuit against Canadian Solar". PV Tech. Retrieved March 27, 2024.
- ^ "Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit". Yahoo Finance. March 25, 2024. Retrieved March 27, 2024.
- ^ Wang, Ucilia (April 27, 2009). "Pricing Pressure Beating Down on SunPower". Greentech Media. Archived from the original on March 17, 2021. Retrieved May 31, 2021.
- ^ Groom, Nichola (June 1, 2009). "Handful of players seen ruling the solar roost". Reuters. Archived from the original on September 10, 2021. Retrieved May 31, 2021.
- ^ Grant, Tina (2009). "SunPower Corp.". International Directory of Company Histories. Vol. 91. St. James Press. p. 467.
- ^ Takahashi, Dean (August 18, 2014). "2005: Hot IPO for solar cell maker SunPower". The Mercury News. Archived from the original on June 24, 2021. Retrieved May 29, 2021.
External links
edit- Official website
- Business data for Maxeon Solar Technologies, Ltd.:
