Complete Solaria says it has acquired the Sunpower assets for $ 45 million after the bankruptcy and then shingled -module patents sold to Maxeon, which is now owned by the Chinese TCL group.
The American Sunpower is rising again under the entire Solaria brand, which will assume the name of the Sunpower, together with the assets it acquired from the bankrupt company in 2024. Sunpower also carries a different legacy of the history of both companies: ZonneVeteraan TJ Rodgers, who has ban both companies in their early years.
Rodgers, who founded Cypress Semiconductor, became involved in Sunpower for the first time in 2001 after he met a friend in a coffee shop. Rodgers said his friend told him that he had financial problems with his new company, Sunpower. Rodgers said he wrote a personal investment check for $ 750,000 and became a member of the Sunpower board. Five years later he convinced the Cypress Semiconductor board to buy a 40% interest in Sunpower.
Sunpower left shortly thereafter, so that the company was able to adjust the Waferfabriek in Texas, for example, for example to train Zonnepowerers on silicone production, of which he said he was pushing the A – 300 Zonnepower solar cell from Sunpower in a high volume at low costs. Sunpower began to establish his legacy under CEO Tom Werner, who came to Sunpower in 2005. For example, the company has a file In 2014 it achieved an efficiency of 24.1% for a module using silicon cells.
In 2021, Sunpower CEO Tom Werner Announced His Retirement, Ending An 18-Year Ture Duration what he Tok the Company Public in 2005, LED It Past $ 1 Billion in Revenue by 2008, Navigated the Solar Boom-and-Bust of the Early 2010s, and Helped it Emerpite struggle – as one of the largest American residential solar installers in 2019. Then came the pandemic and with that, home improvements. Solar flourished.
And then things fell apart. Interest rates increased the costs and Nem 3.0 Destroys the leading market on the roof in California. In December 2023, the company gave its debt in default and issued a warning for ‘Going Check’. A series of missteps and business practices that criticized began to rise. In August 2024, the company applied for bankruptcy. It was The end of the line For the American solar giant.
Or so we thought.
When Werner heard that Sunpower applied for chapter 11, he called Rodgers. Rodgers started raising money for complete Solar, his new solar company, to buy Sunpower’s assets. Rodgers said it was difficult to implement, given that the 65-person ‘startup’ had a limited cash flow and time to buy and to buy and integrate 2,901 employees from his former company.
Rodgers is the CEO of Sunpower and again, chair. Since the acquisition of Assets, the integrated company has reduced its workforce from nearly 3,000 employees to 900. According to Sunpower, it has reached more than $ 300 million in annualized income twice and has become profitable and Cash Flow positive.
Bankrolled by Rodgers and John Doerr, complete Solaria was formed in 2022 by a merger between residential solar -Zonne supplier Complete Solar and Solar module Maker Solaria.
After the bankruptcy, Sunpower sold its assets to Solaria for $ 45 million. Complete Solar later sold the patents for his Shingled Solar modules to Maxeon, the Panel Manufacturing Spinout from Sunpower, which is now part of the Chinese TCL technology, which announced the launch of his new TCL Sunpower Global Business Unit at the end of March.
The new unit works independently of Maxeon.
“Maxeon remains as an independent company mentioned in Nasdaq, aimed at the residential, commercial and UPP markets in the United States,” said a company spokesperson said PV -Magazine. More details about the future of each of the Maxeon factories were not announced.
TCL Sunpower Global will rely on the Sunpower Installer Network, especially in Europe, the Central East and Africa (EMEA) region. “TCL Sunpower Global has no ties with Sunpower Corporation in the US and is completely independent,” said the spokesperson.
Sunpower presents his checked 2024 financial results and non-weuditated results of the first quarter of 2025 during his win call on 30 April.
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