Cobalt Power Systems completes 1.2 MW solar and storage project for Santa Clara University

Installed capacity of 1.2 megawatts to generate over 2.1 million kwh annually Project to deliver $8.8 million in energy savings over 25-year warrantied life OREM, Utah, May 26, 2026 (GLOBE NEWSWIRE) -- SunPower Inc. (“SunPower,” the “Company,” or Nasdaq: “SPWR”), a solar technology, services, and installation company, today announced its Silicon Valley subsidiary Cobalt Power Systems has completed the engineering and construction of three solar photovoltaic systems for Santa Clara University in California, which houses 9,700 students on 106 acres. Cobalt Power Systems President John Paul Bergh said, “We are honored to have provided the engineering and construction services for this multi-site solar deployment. The systems are designed to be fully ADA compliant and engineered with forward-looking architecture to support future electric vehicle charging stations and additional renewable energy expansion opportunities across campus, and – given the proximity to San Jose Mineta International Airport – adherence to these higher‑level engineering and design standards was essential.” Santa Clara University Solar Project The total installed solar capacity of the Santa Clara University project is 1.2 megawatts, generating more than 2.1 million kilowatt-hours of clean electricity annually and providing the University with estimated energy savings of ~$350,000 per year.

The design and construction work included an integrated solar super structure built atop the North Parking Garage, elevated solar carports at the Levey Parking Lot, and roof-top array at the Athletic Excellence Center. Collectively, these systems provide Santa Clara University with highly efficient renewable energy resources that ensure reliability, with a payback period of less than six years prior to depreciation benefits.             T.J. Rodgers, CEO of SunPower commented, “A presence in Silicon Valley enabling engineering and construction projects like this one at Santa Clara University is exactly why we acquired Cobalt Power Systems.

Commercial and multi-family solar will be a high‑growth area within the solar industry in the coming years and this is a strong start for SunPower.” About SunPower SunPower Inc. (Nasdaq: SPWR) is a leading residential solar services provider in North America. The Company’s digital platform and installation services support energy needs for customers wishing to make the transition to a more energy-efficient lifestyle. For more information visit www.sunpower.com .

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Company Contacts: Sioban Hickie VP Investor Relations IR@sunpower.com  (801) 515-8727 Source: SunPower Inc. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d1d9ebbb-f5d7-4d98-a6f5-1c7dfa6a7ff3