SunPower Expands In Texas By Acquiring Prime Project Assets From Houston Installer Greenlight Solar; Co. Partners With SOLRITE Energy To Expand Residential Solar And Storage Offerings And Accelerate Its VPP Business; Terms Not Disclosed

SunPower Inc. ("SunPower," or the "Company")(Nasdaq SPWR), a solar technology, services, and installation company, today announced an expansion in Texas through the acquisition of prime project assets from Houston installer Greenlight Solar, as well as a second strategic partnership with Fort Worth financier SOLRITE Energy to expand its residential solar and storage offerings and accelerate its Virtual Power Plant (VPP) business in which residential and commercial batteries can sell power.

The expansion adds experienced local talent and operating capabilities to support growth in Texas, a top-3 U.S. solar market. SunPower will bring its sales, installation and lifetime warranty support to join with SOLRITE’s VPP solution and solar financing capabilities to serve more customers with a broader platform connected to distributed energy markets.