SunPower Corp. and Sunverge Energy Inc. announced an exclusive agreement that offers SunPower's fully integrated SunPower solar power systems and Sunverge's advanced Solar Integration System (SIS) energy storage solutions to residential customers and utilities in the U.S. The two companies are providing a similar offering to Australian customers. SunPower and Sunverge expect to make combined solar and storage solutions broadly commercially available in early 2015.
"Over the next five years, we expect to see a disruptive shift in the energy market, with solar power, energy storage, smart devices, energy management technologies and electric vehicles being combined," said Tom Werner, SunPower CEO. "As we join Sunverge's adaptable and reliable storage solutions with SunPower's high-performance solar technology, we're giving consumers a smart energy solution that will deliver unprecedented levels of personalization, value and control. Providing this integrated solution to utilities allows them to access the benefits of rooftop solar and storage at significant scale."
Sunverge CEO Ken Munson said his company is a leader in distributed energy storage.
"Our unique hardware and software platform allows customers to bundle solar, energy storage and other distributed resources and manage them as a fleet to enhance the long-term value of their energy investments," Munson said.
"Together with SunPower, we can deliver an end-to-end solar and storage solution that bundles services from design and installation to monitoring, support and beyond," Munson said. "This solution offers tremendous benefits on both sides of the meter, from more reliable and cost-effective energy for the consumer to enhanced grid-management and ancillary services capabilities for utilities."