Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Renewable Solar

SunPower Acquires Blue Raven, Fastest Growing Residential Solar

Urja Daily by Urja Daily
October 5, 2021
in Solar
Reading Time: 3 mins read
0
residential-solar
Share on FacebookShare on TwitterShare on Linkedin

SAN JOSE, Calif. – SunPower Corp., a leading solar technology and energy services provider, announced it acquired Blue Raven Solar, one of the fastest growing residential solar providers in the U.S. Blue Raven’s growth trajectory and complementary geographic footprint is expected to provide SunPower a path to quickly expand the solar market to serve more customers in underpenetrated areas including the Northwest and Mid-Atlantic regions.

“More than 100 million homeowners could save money by switching to solar today, and we are committed to enabling that transition quickly to benefit both customers and the planet,” said Peter Faricy, CEO of SunPower. “SunPower and Blue Raven share a vision of powering the world with affordable, resilient, sustainable energy. This acquisition will enable us to bring the most powerful and efficient solar technology available to a new set of homeowners and accelerate our growth strategy.”

RELATED POSTS

Solar and Wind Outpace Coal and Nuclear in Power Generation

Jakson Engineers to Invest ₹8,000+ Crore in 6 GW Integrated Solar Manufacturing Facility in Madhya Pradesh

The acquisition was made for cash consideration of up to $165 million. Blue Raven CEO Ben Peterson will join SunPower’s executive team, and the company expects to build upon Blue Raven’s current employee and contractor relationships.

Since its founding in 2014, Blue Raven has built a profitable and high-growth business, achieving 93% revenue compound annual growth rate (CAGR) with a direct-to-consumer sales and installation model. Blue Raven currently conducts more than 90% of its volume in 14 states that account for only about 5% of SunPower’s sales, creating a significant net-new geographic coverage opportunity for SunPower.

“We’ve always been focused on making it easy for customers to get access to high-quality renewable energy. SunPower offers the most advanced solar solutions and shares our passion for delivering an incredible customer experience,” said Peterson. “Together we will provide even more compelling reasons for homeowners to make the switch to clean, renewable energy. This is a clear win for our organizations and for homeowners everywhere we operate.” 

SunPower plans to combine its best-in-class products and digital marketing tools with Blue Raven’s highly successful direct sales model to accelerate the go-to-market strategy and add new best practice capabilities to its national dealer network. In addition, SunPower expects that Blue Raven’s volume will help expand its comprehensive suite of financial products and increase 2022 loan volume significantly.

SunPower to Focus on Residential and Light Commercial (RLC) Growth, Explore Alternatives for Commercial & Industrial Solutions (CIS) Business

Today SunPower also announced it will focus its efforts and investments in growing its Residential and Light Commercial business. As such, it is exploring strategic options for Commercial & Industrial Solutions — which serves corporations and the public sector — including new ownership. This path would optimize SunPower’s capital deployment for RLC while enabling CIS to better take advantage of its growing addressable market and opportunities like community solar, front-of-meter storage and infrastructure legislation tailwinds. 

“SunPower is doubling down on residential growth. By investing in residential market expansion and technology innovation, we can put solar on more homes and provide customers with an incredible experience when they choose renewable energy. This clarity and focus will enable us to lead the industry and deliver maximum value to our investors, partners and customers,” said Faricy.

Tags: Blue Raven SolarEnergyResidential SolarsolarSunPowerTechnology
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

Solar and Wind

Solar and Wind Outpace Coal and Nuclear in Power Generation

by Palak
August 28, 2025
0

Washington DC – A review by the SUN DAY Campaign of data just released by the U.S. Energy Information Administration (EIA)...

Jakson Engineers

Jakson Engineers to Invest ₹8,000+ Crore in 6 GW Integrated Solar Manufacturing Facility in Madhya Pradesh

by Palak
August 26, 2025
0

New Delhi : Jakson Engineers Limited is investing over ₹8,000 crore to establish a 6 GW Integrated Solar Module, Cell &...

Jupiter

Jupiter International to set up solar manufacturing facility in Maharashtra

by Palak
August 26, 2025
0

Jupiter International Limited has inked a MoU with the Maharashtra government to establish a vertically integrated solar manufacturing facility at...

Oriana Power

Oriana Power Inks Deal for Solar-Plus-Storage Project

by Palak
August 22, 2025
0

Oriana Power has signed an agreement to develop a 75 MW solar power plant integrated with a 111.57 MWh battery...

Jupiter International

Jupiter International to Set Up Integrated Solar Manufacturing Facility in Maharashtra Under MoU

by Palak
August 22, 2025
0

Jupiter International Limited has signed a memorandum of understanding (MoU) with the Maharashtra government to establish a vertically integrated solar...

Next Post
Ballard Power Systems

Ballard Announced 100-million-kilometer Milestone

energy harvesting

Energy Harvesting System Market to Reach $1.05 Bn, Globally

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Hisense

Hisense Launches UX ULED RGB-MiniLED TV Series in India

August 28, 2025
VinFast

VinFast Rides on India’s Urban Growth for Expansion

August 28, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Hisense Launches UX ULED RGB-MiniLED TV Series in India

VinFast Rides on India’s Urban Growth for Expansion

Technological Innovations Driving the Future of Absorption Chillers

Solar and Wind Outpace Coal and Nuclear in Power Generation

Key Challenges Hindering Growth of the Waterjet Cutting Machines Market

Jakson Engineers to Invest ₹8,000+ Crore in 6 GW Integrated Solar Manufacturing Facility in Madhya Pradesh

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved