SunPower Inc.

Overview

Mission: Deliver energy-efficient solutions to homeowners and small to medium-sized businesses to lower energy bills and reduce carbon footprint.
Nature of business: End-to-end residential solar energy platform that combines solar system sales and installation with an integrated technology platform, financing solutions, and high-performance equipment. The company manages the customer experience from pre-construction through installation and aftercare using a national network of sales partners and builder partners, plus in-house installation capabilities.
Headquarters: Orem, Utah.
Corporate name history: Rebranded from Complete Solaria, Inc. to SunPower Inc. effective April 22, 2025 (legally effective October 16, 2025). Previously Freedom Acquisition I Corp. (FACT); name change followed a 2023 business combination.

Customers and channels:
- Sells and installs solar systems for residential homeowners, home builders, and small-to-medium commercial customers through third-party sales partners.
- Provides turnkey solutions to sales partners, including software tools, sales support, and branded materials.
Services and process:
- Manages project activities from pre-qualification through installation and aftercare, covering credit and ownership checks, data collection, proposals, electronic contract execution, site audits, final system design, permitting, production estimates, and change orders.
- Offers financing options (loan, lease, power purchase agreement) where financing agreements are between homeowners and financiers.
- Routine maintenance and repairs after installation may be performed by the company or a dedicated service contractor at no additional cost to the customer.

SunPower Assets (acquired Sept. 30, 2024): Assets related to Blue Raven Solar business, New Homes Business, and a Non-Installing Dealer network from SunPower debtors; included Albatross order-to-management software (to be sunset in 2026).
Sunder Energy, LLC (acquired Sept. 24, 2025): Third-party solar sales force that initiates and executes contracts nationwide and acts as an agent for installation companies. Merdeka software platform was included with Sunder.
Ambia Energy, LLC (acquired Nov. 21, 2025): Residential solar installer operating in multiple U.S. markets; generates revenue from selling and installing systems or coordinating third-party installations.
Cobalt Power Systems, Inc. (acquired Jan. 30, 2026): Installer of residential and commercial solar systems in the San Francisco Bay Area.
Historical asset sale:
- Oct. 2023: Sold Solaria Corporation’s solar panel assets to Maxeon Solar Technologies for approximately $11.0 million in a combination of cash and 1,100,000 Maxeon ordinary shares.

Technology platform: A suite of services and tools to support large-scale solar operations, streamline design, proposals, and project management across the lifecycle. The platform is intended to be plug-and-play for broad market reach and to support both large and smaller market entrants.
Order and customer management: Albatross (acquired with SunPower Assets) will be sunset in 2026; Salesforce is the primary system for managing orders and fulfillment.
Operations center and workforce: Expanded operations center supports order processing, customer care, credit and collections, procurement, vendor management, and accounting. Headcount rationalization has been completed as part of cost management.
Supplier management: Purchases modules, inverters, and racking from select distributors under master contracts; uses just-in-time inventory and segregated inventory at build partners. Supplier relationship or cost changes pose execution and margin risks.
Battery and charging: Offers battery storage options and vehicle charging where appropriate; partnership with Enphase presents a path to expand battery storage revenue.

Differentiation: Provides customized, home-specific designs and pricing, a consultative sales process, and a focus on customer savings and experience.
Growth strategy: Expand installation capacity and geographic reach through partner programs and national-scale sales partners with standardized processes; pursue battery storage opportunities; maintain low operational costs through the workforce acquired with the SunPower Assets transaction; use a broad partner network to access new markets.

Competes with traditional utilities on price and predictability, other solar installers and sales aggregators, and finance-driven installation models. The company targets advantages in customer experience, pricing, and build-partner relations.

IP protection: Uses trademarks, trade dress, domain names, copyrights, trade secrets, and contractual protections, including confidentiality and invention assignment agreements with employees, contractors, and third parties.
Incentives and regulation: Operates in a policy environment shaped by rebates, tax credits, net metering, and changes from the Inflation Reduction Act and other legislative provisions. Import tariffs and related trade considerations can affect equipment costs and project economics.

Full-time employees: 785 as of December 28, 2025. The company also engages independent contractors and consultants.
Labor relations: No collective bargaining agreements; no reported work stoppages.
Equity incentives: Maintains equity-based award plans to attract, retain, and motivate personnel.

Facilities: Corporate headquarters in Orem, Utah. The company leases all facilities and does not own real property. Current facilities are considered adequate with the potential to expand on commercially reasonable terms.
Corporate disclosures: Primary executive offices are listed in SEC filings. Public disclosures and filings are available via sec.gov. Website: https://us.sunpower.com

785 full-time employees as of December 28, 2025.
Multiple acquisitions in 2024–2026 to expand sales and installation footprint, including SunPower Assets (2024), Sunder (2025), Ambia (2025), and Cobalt (2026).
Oct. 2023 sale of Solaria panel assets to Maxeon for approximately $11.0 million in stock.