SPI Energy Announces the Appointment of Dr. Dallas Meyer as CTO of Solar4America

Rhea-AI Summary

SPI Energy announced the appointment of Dr. Dallas W. Meyer as the new Chief Technology Officer for its subsidiary Solar4America. Dr. Meyer is recognized for his extensive experience in the solar industry and has previously held senior roles at various tech companies. This strategic hire aims to enhance technology development at Solar4America, which is a notable player in the U.S. solar and roofing market. The U.S. solar industry shows promising growth, with an expectation of significant capacity installations over the next decade.

Positive

• Appointment of Dr. Dallas W. Meyer as CTO expected to strengthen technology leadership.
• Dr. Meyer brings extensive experience in scaling solar technology and operations.
• Solar4America expands its capacity to serve U.S. solar market with recent acquisitions.

Negative

• None.

SANTA CLARA, CA / ACCESSWIRE / May 31, 2021 / SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (NASDAQ:SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, today announced Solar4America, a subsidiary of the Company's SolarJuice Co., Ltd. ("SolarJuice") subsidiary and one of the leading solar and roofing installers in the US, appointed Dallas W. Meyer, Ph.D., as its new Chief Technology Officer.

Dr. Meyer is the founder of Luxxtor Energy, a start-up developing new solar module technology. He has held senior technical and operations leadership positions in leading solar, data storage and systems, optical communication components, compound semi fabs, and 3D-sensing companies, including TenKsolar, Seagate, WD, Finisar/II-VI, and Lumentum, as well as developed multiple greenfield manufacturing facilities in the US, China, Taiwan, and Southeast Asia. Dr. Meyer has a Ph.D. in Materials Science, Mechanics and Mathematics from the University of Wisconsin-Madison.

"Dr. Meyer has tremendous experience scaling global high-volume, complex technical products," commented Xiaofeng Peng, Chairman and CEO of SPI Energy. "We are excited to welcome him to Solar4America where he will lead our technology development."

According to the Solar Energy Industries Association, 19.2 gigawatts (GW) of solar PV capacity was installed in the US in 2020, reaching 97.7 GW of total installed capacity, enough to power 17.7 million American homes. Solar accounted for 43% of all new electricity-generating capacity added in the US in 2020, representing solar's largest ever share of new generating capacity and ranking first among all technologies for the second year in a row. The US solar industry is expected to install more than 324 GW of capacity over the next 10 years, quadrupling the current amount of installed solar capacity.

About SPI Energy

SPI Energy Co., Ltd. (SPI) is a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors. The Company provides a full spectrum of EPC services to third-party project developers, as well as develops, owns and operates solar projects that sell electricity to the grid in multiple countries, including the U.S., the U.K., Greece, Japan and Italy. The Company has its US headquarters in Santa Clara, California and maintains global operations in Asia, Europe, North America and Australia. SPI is also targeting strategic investment opportunities in green industries such as battery storage and charging stations, leveraging the Company's expertise and growing base of cash flow from solar projects and funding development of projects in agriculture and other markets with significant growth potential.

About SolarJuice

SolarJuice Co., Ltd. ("SolarJuice") is the leader in renewable energy system solutions for residential and small commercial markets. Established in 2009, the Company is headquartered in Sydney, Australia and delivers a one-stop global solution for solar panels, inverters, and battery systems. Since inception, the Company has served over 3,000 B2B accounts and 400 customers. SolarJuice also plans to grow its supply chain, enhance its technology platform and looks to expand its product delivery throughout the Asia Pacific Region and the North America markets. With the recent acquisition of Solar4America, one of the leading solar and roofing installers in the United States, this will allow the Company to serve more customers in the growing California, Nevada, Texas, Florida, and Colorado markets. With more than a million solar systems and roofs under its belt, the Pleasanton, CA-based company now employs hundreds of installers and operates in five states: California, Florida, Nevada, Colorado and Texas.

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 20-F 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.

SPI Energy Co., Ltd. Contact:
IR Department
ir@spigroups.com
Dave Gentry
RedChipCompanies, Inc.
Phone:(407) 491-4498
dave@redchip.com

SOURCE: SPI Energy Co., Ltd.

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FAQ

Who is the new Chief Technology Officer of Solar4America?

Dr. Dallas W. Meyer has been appointed as the new Chief Technology Officer of Solar4America.

What experience does Dr. Dallas W. Meyer bring to SPI Energy?

Dr. Meyer has extensive experience in solar technology and operations, having held senior positions in various leading companies in the sector.

How will Dr. Meyer's appointment impact Solar4America?

His appointment is expected to enhance technology development and support the growth of Solar4America in the competitive U.S. solar market.

What is the expected growth of the solar industry in the U.S. over the next decade?

The U.S. solar industry is projected to install more than 324 GW of capacity over the next ten years.