SunPower Corporation recently purchased a minority share in Renova Energy Corporation to further their launch of solar and battery storage products.
According to a press release, Renova Energy was chosen from more than 400 dealers nationwide. They have installed nearly 10,000 rooftop solar and battery microgrid systems in the Coachella Valley and surrounding areas, saving nearly $50 million annually in energy costs for homeowners and businesses. The recent investment by SunPower will allow Renova Energy to provide local communities with energy independence more efficiently and grow.
"Since 2010, SunPower has recognized Renova Energy’s commitment to bringing renewable energy to every rooftop in our current territory," said Vincent Battaglia, CEO and founder of Renova Energy, in a press release. "This investment comes at the right time for the solar industry to reach new heights, allowing us to continue bringing the most powerful and efficient solar and battery storage technology to homes and businesses in the Southwest."
It is hoped that with Renova Energy and SunPower joining together, both companies will be able to develop the most effective, efficient and successful processes in the industry of solar energy. SunPower has awarded Renova Energy with top dealer, design and installation accolades, and truly puts their support behind Renova Energy with this investment.
“Renova Energy is a stalwart in the solar industry and has long been an important partner for SunPower,” said Peter Faricy, SunPower CEO, in a press release. “The company’s success to-date is reflective of its commitment to delivering superior products and a great customer experience. We are thrilled to support their growth through this investment and our continued work together.”
Renova Energy Corporation has been serving the Coachella Valley and surrounding areas since its founding in 2006. It exceeds 300 local employees and is one of 11 companies in the nation to get accreditation by the North American Board of Energy Practitioners.
“Our close partnership with SunPower has always been one of our major competitive edges in this industry,” Battaglia said. “Renova provides best-in-class service and installations, and SunPower brings the best-in-class technology. Furthering our partnership in this way just makes sense for the rooftop solar and battery storage industry and the communities we serve.”