H2C Safety Pipe expands its board with California Energy and infrastructure leaders Robert Hertzberg, Marty Adams, and Janice Lin. Appointments strengthen the company's public policy, utility, infrastructure, and hydrogen market expertise as it works to make hydrogen transport safer, more reliable, and economically viable at scale. SANTA BARBARA, Calif., Oct. 01, 2026 (GLOBE NEWSWIRE) - H2C Safety Pipe, Inc. (H2CSP), developer of proprietary technologies for hydrogen transport and storage, announced that Robert M. Hertzberg, Martin L. Adams, and Janice Lin have joined the company's board of directors. The appointments bring decades of experience in clean energy policy, public utilities, infrastructure development and operations, and hydrogen market formation as H2CSP moves to commercialize and deploy its patented Safety Pipe(TM) technology in the United States and internationally. Hertzberg is a former Speaker of the California State Assembly and former Majority Leader of the California State Senate, the only person in California history to have held both positions. Across nearly three decades in public service, renewable energy, and public policy, he helped shape California's clean energy and climate policies, including early efforts to establish the state's Hydrogen Highway, before building renewable energy businesses with operations in the United States, Europe, and Asia. His work as a clean energy entrepreneur earned international recognition, including being named by The Guardian as one of the "50 People Who Could Save the Planet." Hertzberg currently serves as a senior fellow at the Mission Possible Partnership, which works to decarbonize hard-to-abate industries, and on the board of First Public Hydrogen, a California public agency working to accelerate hydrogen market development. "Public trust and attractive economics are indispensable to scaling hydrogen infrastructure. Ensuring that hydrogen pipelines are safe and leak-free will earn the confidence of local communities, serve our environmental goals, and save billions of dollars as we transition to sustainable energy distribution networks," said Hertzberg. "From the time I first learned about H2C Safety Pipe(TM) technology, I was convinced it would be a key driver in achieving these objectives. I am excited to be joining the company and helping make that happen." Adams is the former General Manager and Chief Engineer of the Los Angeles Department of Water and Power (LADWP), the nation's largest municipal utility. During a 40-year career at LADWP, he rose from entry-level engineer to lead an organization of more than 11,000 employees providing essential water and power services to more than four million people. Nearly half of his career was spent in system operations, including ten years directing the day-to-day operation and maintenance of Los Angeles' water delivery system. As General Manager, Adams oversaw LADWP's transition toward cleaner energy resources, including efforts to develop hydrogen as a fuel for reliable power generation. Adams also served on the White House National Infrastructure Advisory Council and serves as an advisor to the Japan Hydrogen Forum, bringing both national infrastructure and international hydrogen experience to H2CSP. "Pipelines connecting production to end users are essential to delivering the economics and supply reliability that major industrial users and heavy duty fleet operators require to adopt hydrogen at scale," said Adams. "H2C Safety Pipe(TM) technology addresses the critical challenge of doing that safely and economically, including by repurposing aging underground infrastructure. I'm excited to bring my experience operating critical utility infrastructure to the company as we work to build the distribution infrastructure that's essential to industrial decarbonization worldwide." Lin is founder and CEO of the Green Hydrogen Coalition and a nationally recognized clean energy executive with more than three decades of experience helping emerging energy technologies achieve commercial scale. She held senior roles at PowerLight Corporation, a market leader in large scale solar power systems later acquired by SunPower, before co-founding the California Energy Storage Alliance (CESA). As Executive Director, she grew CESA to more than 90 member companies and helped establish energy storage as a mainstream resource in California. Lin subsequently founded the Green Hydrogen Coalition in 2019, where she works with government, utilities, technology innovators, hydrogen producers, major energy users, and other stakeholders in the United States and internationally, convening hydrogen leaders to advance the policies, demand, and commercial conditions necessary for a scalable hydrogen market. "New energy markets do not scale through technology alone. They require producers, customers, infrastructure, policy, and capital to develop together," said Lin. "H2CSP addresses a critical piece of that equation by providing a pathway to connect production with multiple users in a manner that labor, community groups, and environmental interest groups can support. I've worked with H2CSP and its parent company for five years and am excited to join H2CSP's Board and help build the partnerships and market conditions necessary to commercialize its technology, which I believe will in turn be critical to the success of hydrogen producers and off-takers alike." H2CSP's patented Safety Pipe(TM) technology encompasses three pipeline architectures designed for different applications and safety requirements, including dual-containment systems for new construction, systems incorporating a new hydrogen carrier pipe inside existing infrastructure, and a lower-cost design for applications where secondary containment is not required. The company's dual-containment, pipe-in-pipe designs support continuous monitoring and automated controls to detect and mitigate leakage, while the composite hydrogen carrier pipe resists corrosion and hydrogen embrittlement. All three architectures can be deployed in new or existing rights-of-way, helping reduce cost, permitting delays, and disruption. "Bob, Marty, and Janice bring complementary experience across the areas that are critical to commercializing H2CSP's proprietary technology," said Robert Shelton, president and CEO of H2C Safety Pipe. "Bob has worked for decades at the intersection of public policy, energy markets, and public trust; Marty knows what it takes to plan, build, and operate critical infrastructure at scale; and Janice has spent her career bringing together key stakeholders to create the market conditions necessary for emerging energy technologies to achieve commercial scale. Their combined expertise and relationships will be invaluable to H2CSP as we work with producers, off-takers, public agencies, and infrastructure partners to address what has become one of hydrogen's critical missing links: the infrastructure needed to move hydrogen safely, reliably, and cost-effectively from where it's produced to where it's needed." The three appointments add to the H2CSP Board, which includes Chairman Rinaldo S. Brutoco, founder and CEO of H2 Clipper, which formed H2CSP as a subsidiary in December 2024. Brutoco is also founding president and CEO of the World Business Academy and a merchant banker with more than 40 years of experience ranging from start-up enterprises to public companies valued at more than $3 billion. The H2CSP Board also includes Ángel Gurría, who served three consecutive five-year terms as Secretary-General of the Organization for Economic Co-operation and Development (OECD); previously served as Mexico's Secretary of Foreign Affairs and Secretary of Finance, and is president of the Paris Peace Forum. Together, H2CSP's eight-member Board of Directors brings experience spanning entrepreneurship, finance, public policy, utility operations, infrastructure development, environmental leadership, clean energy market formation, and international economic and diplomatic affairs. About H2C Safety Pipe, Inc. H2C Safety Pipe, Inc. is advancing safer, more cost-effective, and scalable hydrogen transport and storage through its proprietary Safety Pipe(TM) technology. The company has developed three pipeline architectures for different applications and safety requirements, employing combinations of composite hydrogen carrier pipe with secondary containment, continuous monitoring, advanced sensors, leakage detection, and automated control systems. H2CSP's proprietary technologies also include digital systems supporting hydrogen provenance, regulatory compliance, and commercial transactions. These architectures can be deployed in new or existing rights-of-way and, where appropriate, within existing infrastructure, helping minimize hydrogen leakage and accelerate the development of safe, reliable, and economically viable hydrogen infrastructure. For more information, visit H2Csafetypipe.com. Media Contact: Lisa Murray Trevi Communications, Inc. [email protected]

SunPower raises $26.2 million cash. By GlobeNewswire September 3, 2026 Majority of Equity Offering from Sand Hill Road Venture Investors OREM, Utah, Sept. 03, 2026 (GLOBE NEWSWIRE) - SunPower Inc. ("SunPower" or the "Company") (Nasdaq: SPWR), a solar technology, services, and installation company, today announced it has raised $26.2 million in an equity private placement round, which was funded mainly by investors from Sand Hill Road, the "Wall Street" of Silicon Valley at the northern boundary of Palo Alto and Stanford University. The round was anchored by Foris Ventures, the family office of John Doerr, Chairman of venture firm Kleiner-Perkins. T.J. Rodgers, SunPower CEO, said, "I want to thank all the investors who participated in this round. Today, SPWR's share price hovers under $1 due to the solar market reset caused by the loss of the Investment Tax Credit (ITC) combined with the Q2'26 misexecution of our SunPower Direct Division, which has been reassigned to our most experienced P&L manager, Kapil Rai, and will soon be back to normal. SunPower plans to return to profitability shortly and needs to raise growth capital. This situation offers investors a low-priced equity with a potential 4x to 11x ROI multiple calculated four different ways*, a scenario much akin to a venture capital round. Rodgers continued, "So, I took the 10-minute drive to Silicon Valley's Sand Hill Road for a day of presentations to VCs that consisted of five points (on our website here): 1) SunPower's revenue is $300 million but the company is valued at just $60 million (just 0.20x sales). 2) SunPower plans to grow profitably next year to $500 million, but unlike a typical venture start-up, has its product-development and IPO risks behind it. 3) According to the U.S. Energy Information Agency (EIA), the Company serves an underpenetrated $7 billion residential solar market in which only 6% of solar-capable U.S. homes have even installed solar as of 2026. 4) The EIA further forecasts solar industry growth to 30% market penetration by 2030, and finally, 5) those EIA figures do not yet account for the expected Artificial Intelligence electricity price increases. In other words, we've got an iconic solar company about to turn profitable in a large and growing solar market. Rodgers concluded, "Based on the presentations described above, we received initial verbal commitments that day for the majority of the $26.2 million in new cash investments." *Using an estimated price of $0.30 per share for the presentations, the estimated ROI gains were 1) 4.0x based on achieving a modest 0.72 Price to Sales (P/S) ratio, 2) 7.6x based on reachieving of our 52-week high share price of $2.27, 3) 8.3x based on achieving one-quarter of the gain achieved in the 2017 Enphase turnaround funded by T.J. Rodgers and John Doerr, and 4) 11.4x based on an analyst's projected share price of $3.30 per share. About SunPower SunPower (Nasdaq: SPWR) is a solar technology, services, and installation company focused on delivering reliable and affordable energy solutions. The Company's digital platform and installation services support energy needs for customers wishing to make the transition to a more energy-efficient lifestyle. For more information visit www.sunpower.com. Forward Looking Statements This press release contains forward-looking statements, including statements concerning SunPower's equity offering and related impacts of the transactions. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "seek," "plan," "project," "target," "looking ahead," "look to," "move into," and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this press release include, without limitation, the anticipated improvements in the SunPower Direct Division, SunPower's plans to return to profitability, the potential ROI multiple for the equity offering, SunPower's expectations to grow profitability next year to $500 million, and the forecasted solar industry growth to 30% market penetration by 2030. Forward-looking statements represent SunPower's current beliefs, estimates and assumptions only as of the date of this press release and information contained in this press release should not be relied upon as representing SunPower's estimates as of any subsequent date. Forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Risks include, but are not limited to market risks, trends and conditions. These risks are not exhaustive. For additional information on these risks and uncertainties and other potential factors that could cause actual results to differ from the results predicted, readers should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of our annual report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on April 14, 2026, our quarterly reports on Form 10-Q filed with the SEC, and other documents that we have filed with, or will file with, the SEC. Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements in this press release speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and SunPower assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Company Contacts: Sioban Hickie VP Investor Relations (801) 515-8727