Market News
Recent Developments
New product launches
- In January 2022, Tesla,, a U.S. based multinational automotive and clean energy company, launched its Solar Roof V3, an integrated solar panel shingle roof with higher efficiency and easier installation. The product aims to make solar an attractive and integrated roofing option for homeowners. Tesla, Inc. is an American multinational automotive and clean energy company headquartered in Austin, Texas. The company was founded in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors, and the name was changed to Tesla, Inc. in February 2017
- In June 2021, SunPower, a U.S. based provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers launched its Equinox home solar system, integrating intelligent technology to maximize energy production. The system comes with SunVault storage and mySunPower app for homeowners. SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. It is headquartered in San Jose, California.
- In May 2020, LG Electronic, a South Korea based multinational electronics company unveiled its NeON R solar panel for residential market. The panel delivers improved temperature performance and power output. LG Electronics, Inc. is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. It is a part of LG Corporation, the fourth largest chaebol in South Korea, and often considered as the pinnacle of LG Corp with the group's chemical and battery division LG.
Acquisition and partnerships
- In August 2022, Sunrun acquired Sunfolio, a residential solar and home energy management company. This allowed Sunrun to expand its operations in key western states in the U.S. Sunrun Inc. is an American provider of photovoltaic systems and battery energy storage products, primarily for residential customers. The company was established in 2007 and is headquartered in San Francisco, California.
- In July 2021, SunPower partnered with Woodside Homes, one of the top U.S. homebuilders to provide its Equinox Solar Systems in new home communities. SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers.
- In June 2020, Sunrun acquired Vivint Solar, a major residential solar and smart home company. The acquisition created one of the leading home solar and energy services company.
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