SPI Energy's SolarJuice Attends Renewable Energy Texas Show

Rhea-AI Summary

SPI Energy announced its subsidiary SolarJuice American Inc. will showcase solar products at the RE+ Texas Solar & Energy Storage trade show on April 21-22, 2022. SolarJuice, a leading solar panel manufacturer in the U.S., is ramping up production capacity to 1.1GW by year-end 2022. The products include various solar panels and fully financed energy storage systems. The move aims to ensure stable supplies amid global logistics challenges. SPI focuses on providing sustainable energy solutions and highlights the importance of American-made products in renewable energy.

Positive

• SolarJuice is increasing production capacity to 1.1GW by the end of 2022.
• The company is showcasing its renewable energy products at a prominent trade show.
• Offering fully financed energy storage systems enhances market competitiveness.

Negative

• None.

SANTA CLARA, CA / ACCESSWIRE / April 19, 2022 / 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, today announced its wholly owned subsidiary SolarJuice American Inc. (SJA) plans to showcase solar and renewable energy products, including solar panels, residential energy storage systems, and EV chargers at the RE+ Texas Solar & Energy Storage trade show in San Antonio, Texas, April 21-22, 2022. Solar4America will showcase at Booth #12.

As one of the largest solar panel manufacturers based in the U.S., SolarJuice Technology Inc. (SJT), a wholly owned subsidiary of SJA, has started solar panel assembly and is increasing capacity to 1.1GW by the end of 2022 at its 140,000 square foot factory in Sacramento, California.

Increasing production will enable the Company to accelerate its delivery of solar panels to the US market. SJT currently has inventory and production capacities for 2022 on an array of models available for the US, including 330W and 410W all-black panels for the residential market and 410W (72 cells), 450W and 550W solar panels for commercial markets. SJA also offers CEC-listed and fully financed Solar4America branded energy storage systems to the residential market and is ready to ship from the Company's warehouses in California. For more information please see www.solar4america.com.

"Given the current logistics issues around the world, our US production facilities will ensure that our US-based customers receive stable and consistent supplies," said Xiaofeng Denton Peng, Chairman and CEO of SPI Energy. "Our showcasing of solar panels and energy storage systems at Re+ Texas highlights the main strategy of SPI and our subsidiaries of embracing the broader clean energy revolution happening across today's marketplace and offering more American made products."

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 Santa Clara, California.

The company has three core divisions: SolarJuice residential solar, the commercial & utility solar division comprised of SPI Solar and Orange Power, 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 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.

View source version on accesswire.com:
https://www.accesswire.com/697929/SPI-Energys-SolarJuice-Attends-Renewable-Energy-Texas-Show

FAQ

What are SPI Energy's plans for the RE+ Texas trade show in April 2022?

SPI Energy's subsidiary, SolarJuice American Inc., plans to showcase solar panels, energy storage systems, and EV chargers at the RE+ Texas Solar & Energy Storage trade show on April 21-22, 2022.

What is the production capacity goal for SolarJuice Technology by 2022?

SolarJuice Technology aims to increase its production capacity to 1.1GW by the end of 2022.

How will SPI Energy address logistics issues affecting its supply chain?

SPI Energy plans to leverage its U.S. production facilities to ensure stable and consistent supplies for its customers amid global logistics challenges.

What types of products will SolarJuice showcase at the trade show?

SolarJuice will showcase solar panels, residential energy storage systems, and electric vehicle chargers at the RE+ Texas trade show.

What is the significance of American-made products for SPI Energy?

SPI Energy emphasizes American-made products to align with its strategy of embracing the clean energy revolution and ensuring reliable supplies for U.S. customers.