SAN JOSE, Calif., Dec. 18, 2017 /PRNewswire/ -- In partnership with leading architect Dan Brunn, SunPower (NASDAQ: SPWR) today announced the installation of a 10-kilowatt (KW) solar power system for the Los Angeles-based, award-winning architect's personal residence, Bridge House. A showcase for green building possibilities, the home is being built to be net-zero energy compliant, in advance of the California Residential Zero Net Energy Target of 2020, resulting in the amount of energy provided by the rooftop solar system to be equal to the amount of energy consumed by the building on an annual basis. In 2017, more than one-third of homebuilders said green building was a significant share of their overall activity. By 2022, this number is expected to increase to one-half, proving that trends of green construction and building are here to stay.
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"Beautiful, clean energy systems are the way of the future in custom homes," said Brunn. "SunPower's Equinox home solar system on Bridge House effortlessly complements the creation of a waste-free, net-zero energy home. The unique and holistic solar solution naturally fits the home's design integrity, while powering my day-to-day activities with the sun."
Bridge House, located in historic Hancock Park, Los Angeles, stretches 200 feet across the grounds and straddles a brook in an architectural feat that gives the project its name. When complete in 2018, the 4,500-square-foot home will serve as a demonstration of innovative and clean building processes. The green home will educate builders and the public about futuristic, custom home building practices.
SunPower joins several other partners including Dwell magazine and companies such as BONE Structure® and Bosch, to empower Bridge House to act as a social and educational venue. The solar project will be completed by early next year, and includes the game-changing SunPower Equinox system.
Key components of the SunPower Equinox system include high-efficiency SunPower solar panels, integrated SunPower microinverters, the low-profile, all-black SunPower InvisiMount® mounting system for optimal aesthetics, SunPower's EnergyLink™ ecosystem to monitor energy production in real-time, all complete with industry-leading product and power warranty.
Brunn, known for his international, experimental and modern approach to design, prides himself on efficiency and choreography of interiors empathetically designed for the human body. The creation of Bridge House is also intended to showcase ease of eco-friendly design and building.
"SunPower is proud to power Bridge House with the most efficient panels on the market, mirroring Brunn's minimalist approach with sleek and powerful solar," said Martin DeBono, SunPower executive vice president, residential solar. "Our goal is to deliver unbeatable solar power, long-term performance, and elegant curb appeal for all of our residential customers."
As one of the world's most innovative and sustainable energy companies, SunPower (NASDAQ: SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.
SunPower's 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, timeline, and projected energy output. 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 projects, competition and market conditions in the solar and general energy industry, 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 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.
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