Mentioned:
SunPower has a new ambition: powering data centres.
What’s happening:
- SunPower (NASDAQ: SPWR) has started installing the first phase of a solar energy system at a data centre located in Reno, Nevada
Why it matters:
- This is the first time that SunPower has taken on a commercial solar installation for a data centre
Going deeper:
- SunPower is led by T.J. Rodgers who previously ran Cypress Semiconductor for more than three decades and has been on the board of Enphase Energy (NASDAQ: ENPH) for roughly nine years
- SunPower just recently made major waves when legendary Silicon Valley venture capitalist John Doerr’s family office led their $26.2M USD equity financing round
The fine print:
- SunPower has not yet publicly disclosed how many megawatts the solar energy installation will be at the data centre in Reno
