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SunPower expands Texas solar business with Greenlight Solar acquisition and SOLRITE partnership for virtual power plants

Market News
27 Oct 2026, 14:00 WIB
GlobeNewsWire
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Bullish
SunPower expands Texas solar business with Greenlight Solar acquisition and SOLRITE partnership for virtual power plants

SunPower has expanded its presence in Texas by acquiring key project assets from Houston-based Greenlight Solar and forming a second partnership with SOLRITE Energy in Fort Worth. This move enhances SunPower's residential solar and storage offerings and accelerates its Virtual Power Plant (VPP) business, allowing batteries to sell power back to the market. The expansion brings experienced local talent and strengthens SunPower's position in Texas, a leading U.S. solar market. The partnership with SOLRITE also provides project funding and a revenue-sharing model for homeowners and installers, supporting SunPower's growth strategy in distributed energy markets.

SunPower's expansion in Texas provides context for energy sector activity on Pluang. For readers following energy stocks, 42 of 79 priced US energy-sector stocks rose while 32 fell. Notable movers include KGS at USD 45.94 (+1.08%), EXE at USD 93.01 (-1.07%), and KOS at USD 2.88 (+1.05%). This data is as of Oct 27, 2026 17:11 WIB.

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