SPI Energy’s Solar4America Launches New Website Showcasing its Solar/Battery/Smart Roofing Products and Services

Rhea-AI Summary

SPI Energy Co., Ltd. (NASDAQ: SPI) announced the launch of a new website for its subsidiary, SolarJuice’s Solar4America, aimed at showcasing solar products and installation services. The site will feature e-commerce capabilities for solar PV kits and energy storage solutions. With significant demand anticipated, installations are expected to begin in Q2 2021. The global solar market is projected to grow from $52.5 billion in 2018 to $223.3 billion by 2026, indicating robust growth prospects for SPI Energy.

Positive

• Launch of the Solar4America website to enhance product visibility.
• E-commerce capabilities will streamline sales for solar products.
• Anticipated demand for installations in key U.S. markets.
• Projected growth of the global solar market (CAGR of 20.5%).

Negative

• None.

SANTA CLARA, CA / ACCESSWIRE / April 7, 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 its SolarJuice Co., Ltd. ("SolarJuice") subsidiary, launched a new website for Solar4America to showcase their product offerings and installation services. The Company plans to add e-commerce capabilities for its Solar4America PV, kits and energy storage products. This new site will present customers with key information related to the Solar 4 America launch and its state-of-the-art renewable energy solutions for solar, back up battery and roofing systems.

"We are very excited about the launch of the new Solar4America website, which represents a strategic commitment to the US solar and builder markets," commented Mr. Xiaofeng Peng, Chairman and CEO of SolarJuice. "The new site showcases the vision of our advanced product and installation offerings in the Bay Area, Nevada, Colorado, Texas and Florida. We are experiencing significant demand from our consumers for these solar PV, battery and builder roofing installations."

Solar4America expects to begin PV and battery installations in the second quarter, with sales ramping rapidly throughout the remainder of 2021 and beyond.

The global solar energy market was valued at $52.5 billion in 2018 and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026, according to Allied Market Research.

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.

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.

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 largest privately held 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.

View source version on accesswire.com:
https://www.accesswire.com/639246/SPI-Energys-Solar4America-Launches-New-Website-Showcasing-its-SolarBatterySmart-Roofing-Products-and-Services

FAQ

What is the purpose of SPI Energy's new Solar4America website?

The website aims to showcase solar products and installation services while providing e-commerce capabilities for solar PV kits and energy storage.

When is SPI Energy expected to begin installations for Solar4America?

SPI Energy expects to begin PV and battery installations in the second quarter of 2021.

What markets is SPI Energy targeting with Solar4America?

SPI Energy is targeting the Bay Area, Nevada, Colorado, Texas, and Florida markets.

What is the projected market size for the solar energy industry?

The global solar market is projected to grow from $52.5 billion in 2018 to $223.3 billion by 2026.

What does SPI Energy do?

SPI Energy provides solar storage and electric vehicle solutions, including EPC services and operating solar projects across multiple countries.