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Green technology

SunPower and General Motors Collaborate on Home Energy System with Bi-Directional Charging Capabilities

Strategic Insights

— 1 min read

SunPower Corp. and General Motors (GM) have announced a collaboration to develop a new home energy system that enables bi-directional charging, allowing homeowners to take more control of their energy needs. The system will be paired with the retail launch of the 2024 Chevrolet Silverado EV, expected in Fall 2023. This collaboration brings together SunPower's home energy expertise and installation capabilities with GM's leadership in EV and battery technology, providing customers with more resilient, sustainable, and cost-effective energy.

Key Takeaways:

  • SunPower and General Motors have collaborated to develop a new home energy system with bi-directional charging capabilities, enabling homeowners to take more control of their energy needs.
  • The system will be paired with the retail launch of the 2024 Chevrolet Silverado EV, expected in Fall 2023.
  • Bi-directional charging allows homeowners to store solar-generated electricity in their vehicle's battery and export it directly into their home during peak hours, providing an opportunity to save on electricity bills.
  • The system will assess a home's electrical system for compatibility with bi-directional charging and can also be purchased as a standalone solar system for homeowners.
  • This collaboration streamlines the process of purchasing a home energy system and EV charger installation, offering customers a seamless and easy-to-use solution.
  • The system is expected to provide whole home backup during a grid outage for customers with properly equipped homes.

Statistics:

  • The collaboration will bring together SunPower's home energy expertise and installation capabilities with GM's leadership in EV and battery technology.
  • The 2024 Chevrolet Silverado EV, expected in Fall 2023, will be the first vehicle to offer bi-directional charging capabilities with a home energy system.
  • The system is designed to provide enough electricity to power a whole home backup during a grid outage.
  • Whole-home backup claim based on typical use of electrical appliances, as provided by the Silicon Valley Power Appliance Energy Use Chart.
  • Customer experience will vary based on location and actual usage.

Sources:

  • SunPower Corp. (NASDAQ:SPWR)
  • General Motors (NYSE: GM)
  • SunPower Corp. investors.sunpowercorp.com
  • General Motors gm.com

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