The recent agreement helps SunPower meet rising demand from homeowners by providing SunPower with significant additional quantities of Maxeon's high efficiency interdigitated back contact (IBC) solar panels, while also enhancing Maxeon's presence in the US residential market.
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Under the new supply agreement, Maxeon expects to sell additional volumes of its Maxeon 6 panels (marketed in the U.S. and Canada under the SunPower brand as M-Series) to SunPower. SunPower will also have the right to negotiate supply of future IBC next generation technology developed by Maxeon. Through these agreements, Maxeon cements the future of the relationship with SunPower and obtains a framework for future collaboration as Maxeon develops its next generation technology and increases capacity.
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