2016 Sustainability Summit Los Angeles Business Council

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1 2016 Sustainability Summit Los Angeles Business Council Tom Werner - CEO April 29, SunPower Corporation

2 SunPower Corporation Solar Technology and Energy Services Provider RESIDENTIAL COMMERCIAL POWER PLANTS 2015 revenue $2.6 billion (non-gaap) > 8,000 employees ~ 6 GW solar PV deployed Strategic investment by Total SA: #11, F500 2 Record breaking solar panel efficiency 1 >600 patents worldwide Global diversity: homes to power plants > 1,700 dealer partners worldwide 1 SunPower holds the world-record for the highest efficiency silicon solar panels. Green, M.A., et al. Solar Cell Efficiency Tables (version 47), Progress in Photovoltaics, Source: 2015 Fortune 500 Global Ranking 2

3 The tipping point is that magic moment when an idea, trend or social behavior crosses a threshold, tips, and spreads like wildfire -Malcom Gladwell

4 Breakthrough opportunity for solar Increasing electricity requirements in OECD Rapid cost reductions Increasing carbon regulations COP21 Multi-trillion opportunity for solar Exponential job growth CVSR, San Luis Obispo 4

5 Global markets will shape solar s future In 2015, the world invested ~$270 billion in renewable energy By 2020, the cumulative global market for solar PV is expected to nearly triple to more than 620 gigawatts By 2050, solar energy could supply more than a quarter of the world s electricity Sources: Bloomberg New Energy Finance, Greentech Media, International Energy Agency 5

6 SunPower s footprint Existing / New Installations and Pipeline New Market Project Pipeline 325+ Projects >25 Countries 6

7 Public policy: logic + imagination will effect change Clean Power Plan NEM 2.0 ITC Extension Solar job growth in the U.S. 12 times faster than economy 123% in past 6 years 115,000 living wage jobs 30,000 projected for 2016 U.S Dept. of Energy Source: The Solar Foundation 7

8 California is a solar model for the world Favorable public policies Bold goals Public policy and corporate leadership Multi-stakeholder collaboration 8

9 Redefining Solar STANFORD UNIVERSITY CASTAIC LAKE WATER AGENCY Saving approximately $420 million in electricity costs by 2050; greenhouse gas emissions reduction of 68% by the end of 2016 Mission Viejo 71 installations in 10 states by year end, totaling approximately 39 MW - enough electricity to power 15,000 electric cars for 30 years Two installations with combined 4.5 MW will reduce electricity costs by $20 million over the next 25 years 9

10 Redefining Solar SunPower has been an exclusive partner with KB Home since homes built in 2015 with SunPower solar systems; more than 4,200 systems (~10 MW) installed on new homes since 2010 Approximately $3 million saved annually in utility bills by KB homeowners First to install battery storage for new homes in SCE territory First to implement SunPower lease program Approximately 11,700 tons of carbon dioxide offset annually; equivalent to removing 2,200 cars from roads each year 10

11 Sustainability good for business and the environment Preventing 10 million metric tons of CO2 First and only solar company in CE100 SunPower Direct Current panels are Cradle to Cradle Certified TM Silver NSF Landfill-Free Verification in Mexico and France Cradle to Cradle Certified is a certification mark licensed by the Cradle to Cradle Products Innovation Institute. Cradle to Cradle Certified is a multi-attribute certification program that assesses products and materials for safety to human and environmental health, design for future use cycles, and sustainable manufacturing. 11

12 Something About Energy 12

13 Thank You Let s change the way our world is powered SunPower Corporation All Rights Reserved. SUNPOWER and the SUNPOWER logo are registered trademarks of SunPower Corporation. All other trademarks and logos are properties of their respective owners.