SunPower Backing Tendril, Licensing Energy-Management Technology

(Bloomberg) — SunPower Corp., the second-largest U.S.
solar manufacturer, agreed to invest $20 million in Tendril
Networks Inc. and will license its energy-management software.

The technology will help San Jose, California-based
SunPower monitor customers’ power consumption habits, according
to a statement today.

Tendril, based in Boulder, Colorado, was one of 10
companies recognized for their efforts to promote clean energy
by Bloomberg New Energy Finance at its 2012 annual conference.
The London-based research company estimates that U.S. solar
demand next year may exceed 8.9 gigawatts, the world’s third-largest market. First Solar Inc. is the largest U.S. solar

To contact the reporter on this story:
Justin Doom in New York at

To contact the editors responsible for this story:
Reed Landberg at
Will Wade, Jim Efstathiou Jr.

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us