Home Energy services IKEA US partners with SunPower to bring solar home solutions to the US

IKEA US partners with SunPower to bring solar home solutions to the US

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Home Solar with IKEA is set to launch in fall 2022 in select California locations for loyal IKEA Family members

CONSHOHOCKEN, Pa., May 12, 2022 /PRNewswire/ — IKEA US and SunPower Corp. (NASDAQ: SPWR), a leading provider of residential solar technology and energy services, today announced that they are partnering to make solar power easier to access. Through this collaboration, members of the IKEA Family loyalty program will be able to purchase solar home solutions, available through SunPower, to generate and store their own renewable energy and live more sustainably. Home Solar with IKEA is expected to launch in some California markets in the fall of 2022.

“At IKEA, we are passionate about helping our customers live more sustainable lives at home. We are proud to partner with SunPower to bring this service to the United States and empower our customers to make individual choices aimed at reducing their overall climate footprint,” said Javier Quiñones, CEO and Chief Sustainability Officer, IKEA US. “Launching Home Solar with IKEA will give more people more control over their energy needs, and our goal is to offer the clean energy service at other IKEA locations in the future.”

Home Solar with IKEA combines the strengths of IKEA retail and home living knowledge with the expertise of SunPower, a trusted brand with over 35 years of experience in the solar industry. SunPower is known for providing high quality, innovative solar products and facilitating customers’ transition to renewable energy. SunPower’s systems are backed by the company’s comprehensive Trusted Warranty, which covers everything from panels and racks to hardware and storage monitoring.¹.

“We are excited to bring great solar products to IKEA customers through a one-stop, easy shopping experience,” said Pierre Faricy, CEO of SunPower. “Together with IKEA, we can help bring the incredible benefits of solar power to more people and realize our shared value of having a positive impact on the planet.”

Home Solar with IKEA is just one of the many ways IKEA is working to become circular and climate positive by 2030. In the US, IKEA has a strong renewable energy portfolio – including 2 wind farms , 2 solar parks, 2 geothermal systems, seven biogas- fuel cells and solar panels on the roofs of 90% of IKEA sites.

IKEA US also recently launched the Buy Back & Resell service nationwide in 37 stores. The service gives IKEA Family members the opportunity to resell their gently used IKEA furniture in exchange for IKEA store credit. Participants will be able to give their furniture a second life through resale in the As Is section of the store, providing an even more durable and affordable option for many people.

About IKEA
At IKEA, the vision is to create a better everyday life for as many people as possible by providing well-designed, functional and affordable home furnishings of high quality, made with respect for people and the environment. Ingka Group (Ingka Holding BV and its controlled entities) is one of 12 different groups of companies that own and operate IKEA retail under franchise agreements with Inter IKEA Systems BV Ingka Group has three business segments. activity: IKEA Retail, Ingka Investments and Ingka Centres. Ingka Group is a strategic partner of the IKEA franchise system, operating 389 IKEA stores in 32 countries, including 51 outlets in the United States.

For more information on IKEA US, see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEA USA on Facebook, Youtube, instagram and pinterest.

About Sun Power
SunPower (NASDAQ: SPWR) is a leading provider of solar, storage and energy services in North America. SunPower offers the only solar + storage solution designed and backed by a single company that allows customers to control electricity consumption and resiliency during power outages while providing savings for homeowners. For more information, visit www.sunpower.com.

SunPower Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding anticipated cost savings, anticipated launch plans and timelines, and resilience. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, regulatory changes and the availability of economic incentives favoring the use of solar energy, fluctuations or decline in the performance of our panels. solar and other products and solutions, and the challenges of managing our strategic relationships and partnerships, including our ability to successfully manage supplier collaboration and relationships. A detailed discussion of these factors and other risks that affect our business is included in our filings from time to time with the Securities and Exchange Commission (SEC), including our most recent reports on Forms 10- K and 10-Q, in particular under the heading “Risk Factors”. Copies of these filings are available online from the SEC or in the SEC Filings section of our Investor Relations website at investor.sunpowercorp.com. All forward-looking statements contained in this press release are based on information currently available to us, and we undertake no obligation to update these forward-looking statements in light of new information or future events.

1 For more information on SunPower’s warranty, visit https://us.sunpower.com/home-solar-system-warranty.

SOURCESunPower Corp. ; Ikea