SPI Energy's Solar4America Showing American-Made Solar Modules at Midwest Solar Expo
SPI Energy Co., Ltd. (NASDAQ:SPI) announced that its subsidiary, Solar4America Technology, will participate in the Midwest Solar Expo from May 1-3, 2023. Solar4America will showcase its American-made solar modules, including innovative 410W residential panels and 550W bifacial modules for commercial use. The company, recognized as the first major domestic manufacturer of 550W solar modules in the U.S., has a current production capacity of 700MW annually, which is expected to ramp up to 2.4GW in 2023. The expo aims to promote clean energy deployment, attracting over 450 industry players. SPI Energy operates globally in renewable energy and is focused on solar, storage, and EV solutions.
- Participation in the Midwest Solar Expo can enhance brand visibility.
- Showcasing American-made solar products aligns with domestic manufacturing trends.
- The production capacity of 2.4GW in 2023 indicates significant growth potential.
- None.
MCCLELLAN PARK, CA / ACCESSWIRE / April 26, 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 that its wholly owned subsidiary, Solar4America Technology (S4A), a Sacramento, California-based solar module manufacturing company, is participating in the Midwest Solar Expo in Chicago on May 1-3, 2023.
"We are thrilled to have the opportunity to be at the Midwest Solar Expo in Chicago this year," said Denton Peng, Chairman of Solar4America. "We will be showcasing American-made 410W residential solar modules as well as our the 550W bifacial modules designed for commercial, industrial, and utility markets. We are the first and only major domestic manufacturer already manufacturing 550W/M10 solar modules in the US. We can deliver to customers anywhere in the nation from our factory in Sacramento."
The Solar4America module manufacturing facility in Sacramento produces 700MW annually with capacity ramping up to 2.4GW in 2023.
Currently, S4A has production capacities for 2023 on an array of modules including 330W/60 cells and 410W/72cells, 410W/108 half cut cells all black panels for the residential market, and 410W/72 cells (silver), and 550W solar panels for commercial and industrial markets.
The Midwest Solar Expo is the leading solar and clean energy conference in the region. Created to support the vibrant clean energy market of the Midwest, the annual event hosts 450+ key players from diverse solar industry backgrounds to advance clean energy deployment in the Midwest and beyond.
Solar4America Technology will have module experts available to answer questions and meet at our booth.
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. 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 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.
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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