SAN JOSE - SunPower Corp. (NASDAQ: SPWR), a leading solar technology and energy services provider, launched SunPower 25X25, its new justice, diversity, equity and inclusion (JDE&I) commitments designed to ensure the resiliency and economic benefits of distributed solar and battery storage serve American families, job-seekers and businesses that have been historically marginalized.

The commitments include ambitious targets with initiatives to achieve them by 2025 - spanning workforce diversity, solar access expansion and dealer diversity programs.

'Distributed solar and battery storage offer tremendous benefit to our environment, are vital in building a resilient energy infrastructure, can provide lower-cost electricity, and create good, well-paying jobs,' said Peter Faricy, CEO of SunPower. 'We must use this moment-in-time to ensure the rapid deployment of this critical technology benefits all Americans.'

SunPower's new commitments align with justice, diversity, equity and inclusion commitments made by the Biden administration, as well as the historic Justice40 Initiative, which commits 40 percent of the benefits of federal climate and clean energy investments to disadvantaged communities.

About SunPower

Headquartered in California's Silicon Valley, SunPower (NASDAQ:SPWR) is a leading Distributed Generation Storage and Energy Services provider in North America. SunPower offers the only solar + storage solution designed and warranted by one company that gives customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners, businesses, governments, schools and utilities.

Forward Looking Statements

This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding business plans and timelines and cost savings. These forward-looking statements are based on our current assumptions, expectations, and beliefs and involve substantial risks and uncertainties that may cause results to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, regulatory changes and the availability of economic incentives promoting use of solar energy and fluctuations or declines in the performance of our solar panels and other products and solutions.

Contact:

Sarah Spitz

Tel: 832-444-7151

Email: sspitz@sunpower.com

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