Solarjuice/Solar4America Showing American Made Solar Modules at All Energy Australia Exhibition & Conference

Rhea-AI Summary

SPI Energy Co., Ltd. (NASDAQ: SPI) announced its subsidiary, Solar4America, will participate in the All Energy Australia Exhibition on October 26-27, 2022. The company aims to showcase American-made solar panels through its Australian unit, Solarjuice. The manufacturing facility currently produces 650MW and aims for 2.3GW capacity in 2023, with available residential and commercial modules. This event presents growth opportunities in the Australian market, expanding the company’s international presence and offering quality products to installers.

Positive

• Participation in All Energy Australia Exhibition enhances brand visibility and market presence.
• Immediate product availability and manufacturing capacity for various solar panels indicate strong operational readiness.
• Expectation of production capacity increase to 2.3GW in 2023 suggests future growth potential.

Negative

• None.

SACRAMENTO, CA / ACCESSWIRE / October 26, 2022 / 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 subsidiary Solar4America will be participating in All Energy Australia Exhibition & Conference at MCEC Melbourne Australia Oct. 26-27, 2022.

"We are very excited to be participating in this year's All Energy Exhibition 2022," said Denton Xiaofeng Peng, Chairman of Solar4America (S4A). "We will be showcasing American made solar panels through Solarjuice Australia, our distribution business unit in Australia Market. We are excited to offer the installers in the Australia the premium solar modules made in the US."

The S4A module manufacturing facility now produces 650MW with capacity ramping up to 2.3GW in 2023.

Currently S4A has inventory and production capacities for 2023 on an array of modules including 330W and 410W all black panels for the residential market and 410W (72 cells), 550W solar panels for commercial markets.

"Our California production facility will ensure that our customers receive high-quality, consistent, American made products they can feature to their customers," Said Denton Xiaofeng Peng. "Showing these products at All Energy Exhibition in Australia presents new opportunities for Solar4America in a new market outside of US. ".

All-Energy Australia is the country's largest and most anticipated clean energy event in Australia, which opens up a world of opportunities for industry suppliers and experts as well as those involved in renewable energy and energy storage sectors to expand business networks. Solarjuice/Solar4America will have experts available to answer questions and information in Booth L109.

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, as well as residential solar and roofing installation and solar module manufacturing, SPI Solar and Orange Power which operates 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 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.

Contact:

SPI Energy Co., Ltd.
IR Department
Email: ir@spigroups.com

Dave Gentry
RedChip Companies, Inc.
Phone:(407) 491-4498
SPI@redchip.com

SOURCE: SPI Energy Co., Ltd.

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https://www.accesswire.com/722335/SolarjuiceSolar4America-Showing-American-Made-Solar-Modules-at-All-Energy-Australia-Exhibition-Conference

FAQ

What is SPI Energy's participation in the All Energy Australia Exhibition?

SPI Energy's subsidiary Solar4America is participating in the All Energy Australia Exhibition to showcase American-made solar panels on October 26-27, 2022.

What products is Solar4America showcasing at the All Energy Australia Exhibition?

Solar4America is showcasing various solar panels, including premium models made in the US, available for both residential and commercial markets.

What is the current production capacity of Solar4America?

Solar4America's manufacturing facility currently produces 650MW, with plans to ramp up to 2.3GW in 2023.

What market opportunities does SPI Energy see in Australia?

SPI Energy sees significant market opportunities in Australia, aiming to expand its customer base and connect with installers through its participation in the All Energy Exhibition.