6.1 MW SunPower® Helix™ Systems with 1.1 MW of Storage to Reduce Electricity Costs

COLTON and SAN JOSE, Calif., Sept. 23, 2016 /PRNewswire/ -- Colton Joint Unified School District (CJUSD) and SunPower Corp. (Nasdaq: SPWR) are celebrating the upcoming construction of SunPower® Helix™ carport systems at 28 schools with a kickoff event at Grand Terrace High School on Saturday, Sept. 24.

The SunPower Helix carport systems will generate approximately 6.1 megawatts (MW) of clean energy and are estimated to provide CJUSD with more than $35 million in electricity savings over the next 25 years. On completion, SunPower estimates that 73 percent of the district's electricity will be provided through the SunPower Helix carport systems. CJUSD will buy power at a competitive rate under a power purchase agreement (PPA) with SunPower and will own the renewable energy credits associated with the systems.

The project also features two key elements of SunPower's Smart Energy product suite. SunPower will provide 1.1 MW of battery storage systems at seven schools to reduce the district's demand charges at these sites. SunPower will provide the battery systems under a no-money-down Battery Service Agreement that includes a guarantee of peak demand reductions. In addition to the batteries, SunPower will provide its EnergyLink™ Enterprise energy management software, giving CJUSD powerful insights about its energy use, and accurate reporting about financial savings from SunPower's solar and storage systems.

"This is a truly great project that will allow us to protect the long-term financial health of the district and redirect tens of millions of dollars in future revenue toward other district priorities," said CJUSD Superintendent Jerry Almendarez. "It also allows us to set an example of being environmentally responsible and to teach our students about clean energy and sustainability."

"Colton Joint Unified School District will gain significant value for many years to come through the powerful combination of a power purchase agreement and SunPower systems, storage and software," said Howard Wenger, SunPower president, business units. "School districts work hard to maximize every dollar, so helping reduce electricity costs through innovative solutions, while inspiring students with the great potential of solar power, is extremely rewarding."

In addition to generating power, the project will also include much-need shade for parking and shelters for students on many campuses. It also reflects the district's ongoing commitment to both fiscal and environmental responsibility. CJUSD continually works to reduce energy consumption at schools and other district facilities through its energy management program. The district has increasingly moved from more traditional landscaping such as grass to more drought-tolerant designs using elements such as native plants, concrete and artificial turf.

SunPower will install high efficiency SunPower direct current (DC) solar panels, the most efficient on the market today. They are the world's first solar panels to achieve a Cradle to Cradle Certified™ Silver designation for the sustainable practices and materials used in their manufacturing.

Construction of the carports will take place through 2017, sequenced in three phases to minimize impacts on school operations. Phase 1 schools to be completed by the end of 2016 include Bloomington High School, Grand Terrace High School, Joe Baca Middle School and Ruth Harris Middle School.

SunPower is a leader in delivering innovative energy solutions to California school districts. At 23 school districts across the state, the company has installed solar power systems totaling more than 90 megawatts which, according to the Solar Energy Industries Association (SEIA), is enough to power 22,500 average California homes.

About Colton Joint Unified School District

The Colton Joint Unified School District serves the educational needs of more than 23,000 students, grades K-12. It includes 18 elementary schools, four middle schools, three comprehensive high schools, one alternative school, one continuation high school and a preschool center. CJUSD covers an area of 48 square miles of mostly San Bernardino County in Inland Southern California and includes all or parts of seven different cities. CJUSD leadership places a high value on community involvement and collaboration between employee groups.

About SunPower

As one of the world's most innovative and sustainable energy companies, SunPower (Nasdaq: SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.