Why we recommend SunPower panels from Maxeon Solar Technologies
SunPower from Maxeon Solar Technologies is one of the most prestigious and long-lasting solar panel brand one can purchase in Australia. A few years ago, if one wanted the best panels, it was SunPower brand or LG Solar. Now that LG has decided to exit panel manufacturing, SunPower from Maxeon is still leading the pack in performance, output, and durability.
SunPower brand panels are known for their exceptional efficiency. Their unique solar cell technology enables them to convert a higher percentage of sunlight into electricity compared to conventional panels. This means they generate more electricity from the same amount of sunlight, maximising the energy production and savings. Year, after year, after year.
General
Founded in 2020 as a spin-off of SunPower Corporation, Maxeon Solar Technologies leverages 38 years of global experience and a strong technology reputation in the solar industry. They have produced solar panels for many decades and have a track record of excellence, innovation and customer satisfaction.
History
Founded in 2020 as a spin-off of SunPower Corporation, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), designs and manufactures high-efficiency solar panels, and has sales operations in more than 100 countries.
The Company is a leader in solar innovation with access to over 1,000 patents and two best-in-class solar panel product lines, the SunPower Maxeon line and the SunPower Performance line.
Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,700 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a +35-year history in the solar industry and numerous awards for its technology.
Technology
Maxeon has been a leader in solar panel production for decades. Their research and development have resulted in several leading and award-winning technologies still found in their panels today. The Company offers two solar panel lines: SunPower Maxeon line and SunPower Performance line.
SunPower Maxeon solar panels are designed to be different, and proven to be better across more than five cell generations, 3.5 billion cells and 33 million panels, even in the harshest of conditions. Conventional solar cells lose power over time because of corrosion and breakage. The unique design of SunPower Maxeon solar cells eliminates 86% of the reasons that conventional cells fail, such as metal gridlines, to maximise energy capture.
SunPower Maxeon Cells
The Maxeon solar cells boast industry-leading efficiency and are known for their exceptional performance even in very hot or cold conditions. Their panels in comparison tests have often scored higher output than standard panels. In actual field testing across 8 years and 800,000 panels at 264 sites, SunPower Maxeon solar panels demonstrated the lowest degradation rates in the industry,1 almost 4x stronger reliability than conventional panels. In addition, each panel is backed by the industry-leading 40-year Complete Confidence Panel Warranty.
SunPower Performance Series
A more price-focused product, that doesn’t compromise on quality and efficiency though, is the SunPower Performance line. Panels from this line are often used in large-scale commercial and utility applications but also deliver well in residential PV systems. Performance panels come with a leading 25-year Complete Confidence Panel Warranty.
SunPower One
Maxeon has recently launched the SunPower One integrated home energy solution, which will be based on a flexible ecosystem of products and services, including Maxeon’s market-leading solar panels, as well as SunPower Reserve, the Company’s energy storage system, and actionable household energy insights. Designed to be intuitive and engaging, the Maxeon’s SunPower One solution goes beyond simple monitoring to proactively advise homeowners on ways to optimize their energy usage. Over time, it learns about a homeowner’s pattern of electricity consumption and suggests strategies to drive further energy bill savings. Built upon a 35+ year history of solar energy industry leadership, Maxeon’s SunPower One solution enables consumers to take full control of their domestic energy consumption.
Manufacturing
As a committed signatory and supporter of the United Nations Global Compact (UNGC) and the UN Sustainable Development Goals (UN SDGs), we demonstrate our dedication to driving sustainability within the solar industry through our industry-first green credentials for our solar panels and our LEED-certified facilities. Currently, Maxeon has four production facilities located in the Philippines, Mexico and Malaysia. As our product reach extends to Africa, Asia, Oceania, Europe and the Americas, we offer our products across the international solar power market through our trusted network of more than 1,700 partners and distributors. Expanding on a rich, 35+ year legacy of challenging the innovation boundaries of the solar industry, Maxeon has achieved numerous accolades for its leadership in novel solar manufacturing technology. We have successfully enabled more than 1,000,000 customers to embark on their sustainable journeys, creating positive impact through their transition to solar energy.
Ownership
Maxeon is a publicly traded company on the NASDAQ Global Select Market under the symbol “MAXN”. Other shareholders are TCL Zhonghuan Renewable Energy Co. (TZE) which owns more than 23% of the Company, while TotalEnergies owns around 15%.
Global Distribution
Currently, SunPower panels from Maxeon are sold in over 100 countries around the world. The company has a global distribution network that includes over 1,000 sales and installation partners. Key markets include Europe, Australia, the U.S., Latin America, and some countries in Asia.
Advantages
Other
Maxeon Solar Technologies is a leading manufacturer of high-quality solar panels and a renowned foundation player in the solar energy industry. With a +35-year of technology innovation legacy, the company is a global leader in solar, with a global headquarters in Singapore and regional headquarters in France, California and Australia.
Maxeon has been included in the 19th annual Corporate Knights’ 2023 Global 100 Index of the most sustainable corporations, earning a place in the top 1% of all global companies evaluated.
For their Maxeon line of panels, the Company utilises a unique IBC solar cell technology which boasts a solid copper foundation enhancing durability and power output. This innovative design ensures that panels can capture more sunlight and generate more electricity, even in low-light or shaded conditions. As a result, Maxeon panels produce higher energy yields and have a longer lifespan compared to traditional solar panels. Maxeon panels come with a 40-year warranty, the best and longest in the solar industry.
