SunPower Launches New Monitoring App Enabling Homeowners to Manage Solar and Storage

SAN JOSE, Calif., Feb. 3, 2021 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, today announced the new mySunPower™ app, the company's new experience for homeowners to review and manage their energy generation, consumption, and battery storage settings from a mobile device. The new mySunPower app for monitoring will be available for download for SunPower Equinox® customers on Feb. 16 on the Apple App Store and Google Play and will be available to all of SunPower's 285,000 monitoring customers by spring 2021.

Designed to integrate seamlessly with SunPower's existing homeowner platform, the mySunPower app makes it possible to optimize energy use, save money, and become less dependent on traditional energy providers in the face of rolling blackouts, natural disasters, and the impacts of climate change.

SunPower has completely rethought the monitoring experience for homeowners. Launch features include:

• Storage system controls: mySunPower users can control their battery settings from the palm of their hand. Homeowners can set their battery to minimize energy costs, lower their carbon footprint, or preserve maximum resilience in the event of unforeseen power outages.
• Live power flow: With live data, Equinox customers with production meters can view the immediate impact of their energy choices, including the effects of changing weather conditions, adjustments in battery settings, or even the use of small appliances such as a microwave in real time.
• In-app alerts: New notification features alert homeowners to important changes to their system status, connectivity, and weather conditions. Additional app features expected to be released later in 2021 include alerts for homeowners to prepare for rolling blackouts and other disruptions.

A TIPPING POINT FOR SOLAR AND STORAGE

According to data from Wood Mackenzie and the Solar Energy Industries Association (SEIA), more than 25 percent of on-site solar systems will be paired with storage by 2025. The new mySunPower app will reduce the learning curve for customers adopting solar and storage through a completely revamped interface, actionable insights based on real-time data, and live in-app updates on the system's status and connectivity. This customer-focused innovation will help facilitate the adoption of solar and storage systems, such as SunPower's SunVault™ storage, transforming North America's distributed energy grid.

"The launch of the new mySunPower app represents a major step forward for solar and storage customers," said Jake Wachman, vice president of software product and engineering. "By combining system monitoring and control in a single, easy-to-use mobile application, SunPower is changing how homeowners interact with renewable energy technology. The new mySunPower app establishes solar and storage systems firmly in the growing smart home ecosystem."

The app will integrate seamlessly with the mySunPower web portal, offering consumers one experience from purchase and installation to monitoring.  For more information on the new capabilities of the mySunPower app, please visit https://us.sunpower.com/products/software/mysunpower.

About SunPower
Headquartered in California's Silicon Valley, SunPower (NASDAQ:SPWR) is a leading Distributed Generation Storage and Energy Services provider in North America. SunPower offers the only solar + storage solution designed and warranted by one company that gives customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners, businesses, governments, schools and utilities. For more information, visit www.sunpower.com.

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 new technology, including the anticipated benefits thereof, and its ability to help customers achieve cost savings and provide electricity during outages. These forward-looking statements are based on our current assumptions, expectations, and beliefs and involve substantial risks and uncertainties that may cause results 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 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.

© 2021 SunPower Corporation. All Rights Reserved. SUNPOWER ,the SUNPOWER logo, SUNPOWER EQUINOX, MYSUNPOWER and SUNVAULT are trademarks or registered trademarks of SunPower Corporation in the U.S.

SOURCE SunPower Corp.