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Press Release from SunPower Corporation San Francisco, Calif., June 5, 2007 Macy's today announced it will install solar power systems and significantly reduce energy consumption in 26 stores throughout California in partnership with SunPower Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency, commercially available solar cells, solar panels and solar systems. SunPower’s subsidiary PowerLight will install PowerGuard® rooftop solar power systems under contracts totaling 8 megawatts on Macy’s stores. “The move to solar shows Macy’s commitment to using cleaner technologies, and in doing so we will reduce energy demand,” says Macy’s, Inc. Vice Chair Tom Cole. “We are proud to join the fight against greenhouse gas emissions in California because we believe a successful business is dependent on a healthy environment.” PowerLight will also assist Macy’s in improving the energy efficiency of the 26 California stores. Combining solar power with efficiency will allow Macy’s to achieve an estimated 40% reduction in utility-provided energy, almost doubling the impact of the solar power alone. “By combining energy efficiency with solar power, Macy’s is taking the extra step to cut our peak load demand,” Cole said. 
Energy efficiency upgrades will include high-efficiency lighting and HVAC systems and energy
management systems. The solar systems, combined with the energy efficiency upgrades, are expected to offset 24 million kilowatt hours of energy consumption annually. Macy’s carbon footprint is estimated to be reduced by more than 195 million pounds of carbon dioxide emissions over the lifetime of the systems. This is the equivalent of removing 1,144 cars from California’s highways each year. For 15 of the 26 stores, Macy’s will purchase solar-generated electricity under the SunPower Access™ program, a solar services agreement that allows the retailer to purchase just the electricity generated at its stores – not the solar power systems themselves — from a third-party financier. At the end of a 10-year term, Macy’s will have the option to renew the agreement, transfer the equipment to a new site, or buy the system. Macy’s will buy solar power systems for the remaining 11 stores through an outright system purchase. “SunPower Access is an easy, affordable way for forward-thinking companies to benefit from the use of clean, renewable solar power,” says Chief Executive Officer of SunPower Tom Werner. “With this move to combine energy efficiency upgrades with a very significant commitment to solar power, Macy’s is wisely capturing the extra environmental benefits while also improving their financial returns.” About Macy'sMacy's, the largest retail brand of Macy's, Inc., delivers fashion and affordable luxury to customers at more than 800 locations in 45 states, the District of Columbia, Puerto Rico and Guam. Offering distinctive assortments including exclusive fashion and home brands, Macy's stores are operated by seven regionally based retail divisions – Macy's East, Macy's Florida, Macy's Midwest, Macy's North, Macy's Northwest, Macy's South, and Macy's West – and an online store at macys.com. Macy's West is based in San Francisco and operates 193 stores in eight states. For additional media materials, please visit our online pressroom at www.macys.com/pressroom. About SunPower SunPower Corp. (Nasdaq: SPWR) designs, manufactures and markets high-performance solar electric technology worldwide. SunPower's high-efficiency solar cells and panels generate up to 50 percent more power per unit area than conventional solar technologies and have a uniquely attractive, all-black appearance. SunPower's PowerLight subsidiary is a leading global provider of large-scale solar power systems, with over 100 megawatts installed. For more information on SunPower please visit the SunPower website at http://www.sunpowercorp.com. SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY). The information on this page was created and posted by the company identified above. GoSunSolutions.com does not endorse, edit, or substantiate this information and assumes no obligation for this content's accuracy. No one has commented on this article.
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