MCCLELLAN PARK, CA / ACCESSWIRE / August 28, 2023 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the "Company"), a global renewable energy company and provider of solar, storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers, today announced its wholly owned Solar4America Technology Inc. (S4A) subsidiary, a Sacramento, Calif.-based solar module manufacturer, will exhibit at booth 7821 at RE+ 2023 in Las Vegas, Sept. 11-14.
"We are delighted to present our newest products and plans at North America's largest renewable energy industry event," said Denton Peng, Chairman of Solar4America. "We will showcase American-made 410W solar modules for the residential market and 550W bi-facial solar modules designed for the C&I and utility markets."
"We are proud to have built the first M10 solar modules in the US, and we have since become the second-largest manufacturer of PV modules in the country with no plans to slow down," continued Peng. "In April, we announced the addition of our second manufacturing plant in Sumter, South Carolina. This facility will produce American-made solar modules, cells, and wafers. By early 2024, we expect to begin delivering American-made solar modules with state-of=the-art American-made TOPCon solar cells to customers across the country."
SPI Energy Co., Ltd., Monday, August 28, 2023, Press release picture
SPI Energy Co., Ltd., Monday, August 28, 2023, Press release picture
The S4A solar module manufacturing facility in Sacramento currently produces approximately 750MW annually. S4A's California and South Carolina facilities are expected to reach a total combined capacity of 2.4GW in 2024.
Currently S4A has production capacity on a full line of modules including legacy production in the form of 60-cell 330W and 72-cell 410W modules and 410W 108 half-cut all-black panels for the residential market, as well as commercially-suited 550W bi-facial solar panels.
SPI Energy Co., Ltd., Monday, August 28, 2023, Press release picture
SPI Energy is proud to participate in RE+, formerly known as "Solar Power International". Since its inception in 2004, the event brings together the people, products, and professional development opportunities that drive the solar marketplace. As the industry evolved, so did the event, which has become the largest gathering of energy professionals in North America. Today, the multi-day event is an international hub for innovation, collaboration, and industry advancement that boasts attendance of more than 27,000 professionals from all segments of the industry, over 800 exhibitors, and representation from 100 countries.
About SPI Energy
SPI Energy Co., Ltd. (NASDAQ:SPI) is a global renewable energy company and provider of solar, storage and electric vehicle (EV) solutions that was founded in 2006 in Roseville, California and is headquartered in McClellan Park, California.
The company has three core divisions: SolarJuice which has solar wholesale distribution in Australia, as well as residential solar and roofing installation and solar module manufacturing under the Solar4America brand. SPI Solar and Orange Power which operate a commercial & utility solar division, and the EdisonFuture/Phoenix Motor EV division. SolarJuice is the leader in renewable energy system solutions for residential and small commercial markets and has extensive operations in the Asia Pacific and North America markets. The SPI Solar commercial & utility solar division provides a full spectrum of EPC services to third party project developers, and develops, owns and operates solar projects that sell electricity to the grid in multiple regions, including the U.S., U.K., and Europe. Phoenix Motor is a leader in medium-duty commercial electric vehicles, and is developing EV charger solutions, electric pickup trucks, electric forklifts, and other EV products.
SPI maintains global operations in North America, Australia, Asia and Europe and is also targeting strategic investment opportunities in fast growing green energy industries such as battery storage, charging stations, and other EVs which leverage the Company's expertise and substantial solar cash flow.
For more information on SPI Energy and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company's public filings and press releases available under the Investor Relations section at www.SPIgroups.com or available at www.sec.gov.
Forward-Looking Statements
This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as "may," "might," "will," "intend," "should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate," "predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's current expectations and speak only as of the date of this release. Actual results may differ materially from the Company's current expectations depending upon a number of factors. These factors include, among others, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the "Risk Factors" section of the Company's annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements.
