SunPower National Battery Storage Initiative

Rhea-AI Summary

SunPower (Nasdaq: SPWR) launched a national home battery storage initiative with partners Palmetto, The Cool Down, and Enphase to expand access to premium home battery systems via flexible financing and installation with 15-year support.

The program offers Enphase IQ Battery 10C systems, Palmetto LightReach financing, priority access for existing customers, and availability in 45 states.

Positive

• Partnerships with Palmetto, The Cool Down, and Enphase
• Program available in 45 states with priority for customers
• SunPower offers 15-year system support and Enphase 10C

Negative

• Program does not cover 5 states (available in 45 states)

Key Figures

Service support term: 15 years States covered: 45 states Warranty advantage: 5 years longer

3 metrics

Service support term 15 years SunPower installation and system support period

States covered 45 states Program availability within SunPower’s service footprint

Warranty advantage 5 years longer Enphase 10C battery warranty vs. top competitor

Market Reality Check

Price: $1.80 Vol: Volume 934,712 is 1.71x t...

high vol

$1.80 Last Close

Volume Volume 934,712 is 1.71x the 20-day average of 547,986, indicating elevated trading interest ahead of this announcement. high

Technical Shares at $1.805 are trading slightly below the 200-day MA of $1.82 and about 46.44% under the 52-week high.

Peers on Argus

No peers from the listed sector appeared in the momentum scanner, and no same-da...

No peers from the listed sector appeared in the momentum scanner, and no same-day peer headlines were recorded, suggesting today’s -7.44% move is stock-specific rather than sector-driven.

Market Pulse Summary

This announcement outlines a national push to expand home battery storage, leveraging partnerships a...

Analysis

This announcement outlines a national push to expand home battery storage, leveraging partnerships and financing to reach homeowners in 45 states and offering support over 15 years. Investors may track how quickly these collaborations convert into installed systems and recurring service activity. With the stock trading well below its 52-week high and volume recently at 1.71x its 20-day average, future updates on uptake and economics of the program will be important to monitor.

Key Terms

lithium iron phosphate, battery storage, solar energy

3 terms

lithium iron phosphate technical

"the superior safety of its lithium iron phosphate battery cells, and its superior"

A lithium iron phosphate (LFP) battery is a type of rechargeable lithium-ion battery that uses iron and phosphate in its positive electrode, offering a safer, longer‑lasting but lower energy‑density alternative to some other lithium chemistries. Investors watch LFP because it tends to cost less, resists fire and aging better, and relies on different raw materials and supply chains—factors that influence product pricing, manufacturing costs, and market adoption in electric vehicles and energy storage.

battery storage technical

"a strategic initiative to make home battery storage more accessible to American families."

Battery storage is a system that stores electricity in large rechargeable batteries so power can be used later, like a reusable fuel tank for the grid. Investors care because it smooths out when energy is available vs. when it’s needed, can lower costs, create new revenue from selling stored power at peak times, and reduce reliance on unpredictable energy sources, affecting utility and clean-energy company valuations.

solar energy technical

"Battery systems allow homeowners to store solar energy for use during peak-rate hours"

Solar energy is power produced by capturing sunlight and turning it into electricity or heat using panels or collectors, like roof tiles that act as small power plants. It matters to investors because it underpins a fast-growing industry whose returns depend on technology costs, sunlight availability and government policy, offering potential long-term growth, cost savings and exposure to shifts in the broader energy market.

AI-generated analysis. Not financial advice.

With Palmetto LightReach, The Cool Down, and Enphase Energy

OREM, Utah, Jan. 29, 2026 (GLOBE NEWSWIRE) -- SunPower (herein “SunPower,” the “Company,” or Nasdaq: “SPWR”), a solar technology, services, and installation company, today announced a strategic initiative to make home battery storage more accessible to American families. The company has engaged The Cool Down, a lifestyle media platform with a large homeowner audience; Palmetto, a consumer energy platform; and Enphase Energy, (Nasdaq: “ENPH”), which manufactures the state-of-the-art IQ Battery 10C.

As it has for decades, SunPower has developed strategic partnerships to accelerate solar technology adoption. This initiative is designed to give homeowners access to premium battery systems with flexible financing options to make batteries more affordable.

As AI power usage exacerbates the weather events that continue to strain electrical grids across the country – from today’s winter storms to the upcoming summer heat waves – more American families have come to recognize the value of energy independence. Battery systems allow homeowners to store solar energy for use during peak-rate hours and grid outages, making their existing solar systems more valuable and their households more resilient to grid outages.

Steve Erickson, EVP of SunPower's new Battery Division, said, "We're removing two barriers to battery storage deployment – understanding the options available and being able to afford one of them. The Cool Down media platform reaches homeowners already looking for ways to lower their utility bills and take control of their energy. Palmetto’s LightReach financing removes the upfront cost barrier, and Enphase supplies the most reliable battery in the market. SunPower’s job is to install a premium system solution and support it for 15 years."

Troy Roble, SVP of Business Development Residential at Palmetto, said, "We believe homeowners shouldn't have to choose between energy security and high monthly payments. Our new financing products make adding battery storage viable."

SunPower CEO T.J. Rodgers, said, “I am a hardware guy, and I’ve always liked the compact size of the Enphase 10C battery, the superior safety of its lithium iron phosphate battery cells, and its superior warranty – a full five years longer than the top competitor. Now, Palmetto helps make all of that affordable.”

The program is now available to all homeowners in the 45 states SunPower services, with priority access for existing SunPower customers. Homeowners can learn more by visiting SunPower.com or calling [866-682-5934] to speak with an energy advisor.

About SunPower
SunPower Inc. (Nasdaq: SPWR) is a leading residential solar services provider in North America. The Company’s digital platform and installation services support energy needs for customers wishing to make the transition to a more energy-efficient lifestyle. For more information visit www.sunpower.com.

About The Cool Down
The Cool Down is a lifestyle media platform that helps American consumers save money, upgrade their homes, and make smarter choices for themselves and the planet. For more information, visit https://www.thecooldown.com/.

About Palmetto
Palmetto is a consumer energy platform that offers lease and PPA options through their LightReach financing to help homeowners avoid high upfront costs and rising interest rates—so they can start saving in year one. For more information, visit https://palmetto.com/business/lightreach-solar.

About Enphase
Enphase Energy (Nasdaq: ENPH), a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 84.8 million microinverters, with more than 5.0 million Enphase-based systems deployed in over 160 countries. For more information, visit https://enphase.com/.

Company Contacts:

Steve Erickson	Sioban Hickie
EVP Battery Division	VP Investor Relations
steve.erickson@sunpower.com	IR@sunpower.com
(801) 645-4178	(801) 477-5847
Conner Ruggio
EVP SunPower Direct Division
conner.ruggio@sunpower.com
(909) 576-9673

Source: SunPower Inc.

This press release was published by a CLEAR® Verified individual.

FAQ

What is SunPower's January 29, 2026 battery storage initiative (SPWR)?

The initiative expands homeowner access to premium battery systems through partnerships and financing. According to SunPower, the program pairs Enphase IQ Battery 10C hardware with Palmetto LightReach financing and media outreach from The Cool Down to reach homeowners.

Which battery does SunPower offer in the new program and why is it notable?

SunPower offers the Enphase IQ Battery 10C, notable for compact size and lithium iron phosphate cells. According to SunPower, the battery carries a warranty five years longer than the top competitor and emphasizes safety and reliability.

How does Palmetto LightReach financing affect affordability for SunPower customers?

Palmetto LightReach financing aims to remove upfront cost barriers so homeowners can add battery storage affordably. According to SunPower, the financing options are designed to lower monthly payments and broaden access to premium systems.

Where is the SunPower battery program available and who gets priority access?

The program is available to homeowners in 45 states, with priority for existing SunPower customers. According to SunPower, homeowners in covered states can learn more via the company's website or by calling the provided energy advisor number.

What installation and support does SunPower provide for the battery systems (SPWR)?

SunPower installs a premium system solution and commits to supporting it for 15 years. According to SunPower, the company will handle installation, system integration, and long-term support as part of the offering.