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About a year later Rodgers had convinced the board to invest $9 million in SunPower and a few months later Cypress bought a majority stake in SunPower. [18] In 2005 SunPower went public [20] and reached a market capitalization of $10.4 billion in 2007. [18] From May 2002 to May 2011, Rodgers served as chairman of SunPower. [21]
He was founder, president and CEO of TDEnergy, a wind power developer in the U.S. Northeast, from 1982 to 1988. TDEnergy constructed one of the earliest New England wind power facilities in Canaan, NH. [citation needed] Dinwoodie then founded PowerLight Corporation in 1994, and served as its CEO and chairman of the board from 1995 to 2007.
SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University.
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That same year he founded SunPower Corporation. [4] Swanson is credited for creating Swanson's law, an observation that solar cell prices decline by 20% for every doubling of solar panel industry capacity. [5] The law is often compared to the better known Moore's Law. [5]