SunPower invests $20 million in Tendril Networks

BOULDER — SunPower Corp. (Nasdaq: SPWR), the second-largest U.S. solar manufacturer, said Monday it will invest $20 million of growth capital in Boulder-based Tendril Networks Inc. in exchange for equity in the company, and also will license Tendril’s energy-management software.

Terms of the contract on the licensing deal were not disclosed, according to Tendril spokesman Brad Langley.

Tendril’s Energy Services Management Platform is an open, cloud-based software platform that provides the infrastructure, analytics and understanding required to deliver personalized energy services.

The technology will help San Jose, Calif.-based SunPower monitor customers’ power consumption habits, and help customers better manage their energy consumption.

“We’ve spent…