One sentence summary – Maxeon Solar Technologies has acquired assets from SolarCA, a subsidiary of Complete Solaria, including Solaria’s dealer channel operations, contracts, and solar panel patent portfolio, in a move that is expected to expand Maxeon’s presence in the US distributed generation market and provide immediate access to tariff-free solar panels.
At a glance
- Maxeon Solar Technologies has acquired certain assets from SolarCA, a subsidiary of Complete Solaria.
- The acquisition includes Solaria’s dealer channel operations, contracts, and solar panel patent portfolio.
- Solaria merged with Complete Solar last year to form Complete Solaria.
- The acquisition is expected to expand Maxeon’s presence in the US distributed generation market and provide access to tariff-free solar panels.
- Complete Solaria will continue as a residential sales platform, benefiting from Maxeon’s resources to enhance their solar panel product line.
The details
Maxeon Solar Technologies has announced the acquisition of certain assets from SolarCA, a subsidiary of Complete Solaria.
This acquisition includes Solaria’s dealer channel operations, contracts, and solar panel patent portfolio.
Solaria, known for its expertise in shingled-cell technology, utilized a network of residential installation partners in the US.
Merger with Complete Solar
It is worth noting that Solaria merged with Complete Solar last year to form Complete Solaria.
This move by Maxeon is expected to expand their presence in the US distributed generation (DG) market and accelerate their direct sales efforts.
Additionally, the acquisition provides Maxeon with immediate access to tariff-free solar panels, which will be marketed alongside their flagship IBC solar panels.
It is important to mention that Solaria was previously involved in a court battle with Canadian Solar over shingled-module technology.
The US International Trade Commission ruled that Canadian Solar was infringing on Solaria’s intellectual property rights, solidifying Maxeon’s position as the holder of significant shingled-module patents.
This acquisition allows Maxeon to consolidate two major shingled-cell intellectual property portfolios.
Maxeon plans to incorporate the acquired technology into their cell and module manufacturing facility located in New Mexico.
Continued Operations of Complete Solaria
Meanwhile, Complete Solaria will continue to function as a residential sales platform, offering a supply of Maxeon’s high-efficiency solar panels.
Complete Solaria’s CEO, Will Anderson, expressed confidence that Maxeon’s manufacturing expertise and global footprint will advance the solar panel product line.
Notably, this transaction will provide Complete Solaria with the necessary capital to optimize their customer offering in the core systems segment.
By leveraging Maxeon’s resources and expertise, Complete Solaria aims to enhance their residential solar solutions.
In summary, Maxeon Solar Technologies’ acquisition of assets from SolarCA, a subsidiary of Complete Solaria, will expand their presence in the US DG market and provide immediate access to tariff-free solar panels.
This acquisition also enables Maxeon to consolidate significant shingled-module patents and integrate the acquired technology into their manufacturing facility.
Complete Solaria will continue its residential sales platform, benefiting from Maxeon’s resources to enhance their solar panel product line.
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| solarpowerworldonline.com |
|---|
| – Maxeon Solar Technologies is acquiring certain assets from SolarCA, a subsidiary of Complete Solaria. – |
| The assets include Solaria’s dealer channel operations, contracts, and solar panel patent portfolio. – Solaria was a leader in shingled-cell technology and used a network of residential installation partners in the US. – Last year, Solaria merged with Complete Solar to form Complete Solaria. |
| – Maxeon CEO Bill Mulligan expects the acquisition to expand their US DG market footprint and accelerate direct sales efforts. – |
| The acquisition also provides immediate access to tariff-free solar panels that will be marketed alongside Maxeon’s flagship IBC solar panels. – Solaria was involved in a court battle with Canadian Solar over shingled-module technology. – |
| The US International Trade Commission found that Canadian Solar was infringing on Solaria’s IP. – Maxeon now holds all of the significant shingled-module patents. – |
| The acquisition allows Maxeon to consolidate two major shingled-cell IP portfolios. |
| – Maxeon plans to use the acquired technology in their cell and module manufacturing facility in New Mexico. – Complete Solaria will continue operating as a residential sales platform with the supply of Maxeon high-efficiency solar panels. |
| – Complete Solaria CEO Will Anderson believes that Maxeon’s manufacturing expertise and global footprint will advance the solar panel product line. – |
| The transaction will provide Complete Solaria with capital to optimize their customer offering in the core systems segment. |
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