Maxeon Sets Another Solar Panel Efficiency Benchmark and Achieves Leading Reliability Certification


Maxeon 7 panels obtain 24.9% effectivity, extending the Firm’s expertise management Maxeon panels are additionally licensed for impression resistance from hail as much as 45mm diameter

Maxeon Photo voltaic Applied sciences, Ltd. (NASDAQ: MAXN), a world chief in photo voltaic innovation and channels, extends its expertise management by reaching one other main effectivity ranking benchmark for its photo voltaic panels. The Firm at present introduced a module aperture effectivity measurement of 24.9% for its Maxeon 7 panel, as confirmed by testing carried out by the US Nationwide Renewable Power Laboratory (NREL). Maxeon’s new effectivity benchmark builds on a protracted historical past of delivering the trade’s most superior photo voltaic panels and extends the “champion effectivity module” main Maxeon panels beforehand validated by NREL check in 2023.

Maxeon’s record-setting photo voltaic breakthroughs present vital long-term advantages for our prospects.

The Firm additionally confirmed that its back-contact (IBC) panels, marketed exterior the US underneath the SunPower model, are IEC licensed for impression resistance from rain as much as 45mm in diameter, extra bigger than competing photo voltaic panels available on the market. Reaching this distinctive resistance customary offers elevated reliability and sturdiness to help a wider vary of photo voltaic installations all over the world.

“Maxeon continues to push the boundaries of what is potential with photo voltaic, with merchandise that generate probably the most dependable clear vitality for purchasers on day one and for many years to return,” stated Invoice Mulligan, Maxeon CEO. “The primary installations of our new Maxeon 7 panels show the real-world worth our expertise management offers, and additional differentiate Maxeon from our opponents.”

The Maxeon 7 photo voltaic panels are the subsequent evolution of Maxeon’s IBC structure. Along with being designed for enhanced energy, efficiency, and effectivity, Maxeon 7 cells characteristic a singular and patented design to scale back hotspot danger from cell cracking and warmth build-up underneath shaded areas. that situation. This leads to elevated reliability and energy output, as backed by the Firm’s 40-year guarantee. The Maxeon panel’s distinctive efficiency in third-party testing for hail impression resistance can also be particularly vital given the rise in excessive climate occasions related to local weather change.

“Our innovation engine continues to set the tempo for your complete photo voltaic trade, with a eager deal with what issues most to customers, companies and organizations selecting photo voltaic options, ” stated Matt Dawson, Maxeon Chief Know-how Officer. “That is why our group is driving new panel efficiency benchmarks, in addition to advances in cell and module expertise for distinctive reliability, sturdiness, and energy era over time. , ship distinctive long-term advantages for our prospects.”

The brand new Maxeon 7 panels can be found now for chosen companions in Europe. Full industrial availability of the areas is anticipated within the third quarter of 2024.

To learn the way Maxeon is advancing the clear vitality transition click on right here.

About Maxeon Photo voltaic Applied sciences
Maxeon Photo voltaic Applied sciences (NASDAQ:MAXN) is Powering Optimistic Change™. Headquartered in Singapore, Maxeon makes use of greater than 35 years of management in photo voltaic vitality and greater than 1,600 patents to design modern and sustainably produced photo voltaic panels and vitality options for purchasers in residential, industrial, and energy vegetation. Maxeon’s built-in residence vitality administration is a versatile ecosystem of services, constructed round award-winning Maxeon® and SunPower® branded photo voltaic panels. With a community of greater than 1,700 trusted companions and distributors, and multiple million prospects worldwide, the Firm is a world chief in photo voltaic. For extra data go to us at www.maxeon.com, on LinkedIn and Twitter.

Ahead-Wanting Statements

This press launch accommodates forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended, together with, however not restricted to, forward-looking statements about our view of expertise and future efficiency; our expectations relating to buyer acceptance and demand and market attractiveness; the Firm’s expectations of the success of its technique in current and new markets; the Firm’s expectations and plans for short-term and long-term technique, together with our anticipated areas of focus and funding, product and expertise focus. These forward-looking statements are based mostly on our present assumptions, expectations and beliefs and contain vital dangers and uncertainties that would trigger outcomes, efficiency or success to vary materially from these expressed or implied by these expectations. statements. An in depth dialogue of those components and different dangers affecting our enterprise is included within the filings we make with the Securities and Trade Fee (“SEC”) every so often, together with our most up-to-date or report on Type 20-F, particularly underneath the heading “Merchandise 3.D. Threat Elements.” Copies of those filings can be found on-line from the SEC or within the Financials & Filings part of our Investor Relations web site at https://corp.maxeon.com/financials-filings/sec-filings. All forward-looking statements on this information launch are based mostly on data at the moment obtainable to us, and we undertake no obligation to replace these forward-looking statements because of new data or future occasions. .

©2024 Maxeon Photo voltaic Applied sciences, Ltd. All Rights Reserved. MAXEON is a registered trademark of Maxeon Photo voltaic Applied sciences, Ltd. Go to https://corp.maxeon.com/logos for extra data.



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