STOCK TITAN

SPI Energy's Solar4America Showing American-Made Solar Modules at Solarcon 2023

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

SPI Energy Co., Ltd. (NASDAQ:SPI) announced its participation in SolarCon 2023 held in Salt Lake City, UT from April 19-22. The company's subsidiary, Solar4America Technology, will showcase its premium 410W all-black solar modules designed for residential markets. With a manufacturing capacity ramping from 700MW to 2.4GW in 2023, Solar4America aims to meet national demand from its Sacramento facility. The event focuses exclusively on the solar industry, bringing together various stakeholders interested in enhancing solar sales and installations. SPI operates globally, with divisions in solar distribution, commercial and utility solar projects, and electric vehicles.

Positive
  • Participation in SolarCon 2023 enhances brand visibility.
  • Showcasing American-made solar modules could boost market demand.
  • Manufacturing capacity is expected to ramp up significantly from 700MW to 2.4GW in 2023.
Negative
  • None.

MCCLELLAN PARK, CA / ACCESSWIRE / April 18, 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, a Sacramento, Calif. based solar module manufacturing company, is participating in the SolarCon 2023 Salt Lake City, UT on April 19-22, 2023.

"We are thrilled to have the opportunity to be at SolarCon Salt Lake City UT this year," said Denton Peng, Chairman of Solar4America. "We will be showcasing American-made all black premium 410W solar modules for residential market. We are a major domestic modules manufacturer and we can deliver to customers anywhere in the nation from our factory in Sacramento CA."

SPI Energy Co., Ltd., Tuesday, April 18, 2023, Press release picture

SPI Energy Co., Ltd., Tuesday, April 18, 2023, Press release picture

The Solar4America module manufacturing facility in Sacramento, Calif. produces approximately 700MW with capacity ramping up to 2.4GW in 2023.

SPI Energy Co., Ltd., Tuesday, April 18, 2023, Press release picture
All Black Panels

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 C&I markets.

Solarcon is the only event of its kind with 100% focused on the solar industry. There are a mix of installation owners, sales dealership owners, sales managers, sales reps, all attending to learn how to sell more solar, install top quality solar systems, and maintain those systems.

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.



View source version on accesswire.com:
https://www.accesswire.com/749725/SPI-Energys-Solar4America-Showing-American-Made-Solar-Modules-at-Solarcon-2023

FAQ

What is SPI Energy's role at SolarCon 2023?

SPI Energy's subsidiary, Solar4America, will showcase its American-made 410W solar modules at SolarCon 2023.

When is SolarCon 2023 taking place?

SolarCon 2023 is scheduled from April 19 to April 22, 2023.

What is the current production capacity of Solar4America?

Solar4America currently produces approximately 700MW of solar modules, with plans to ramp up to 2.4GW in 2023.

Where is SPI Energy's manufacturing facility located?

SPI Energy's manufacturing facility is located in Sacramento, California.

What products is SPI Energy focusing on for the residential market?

SPI Energy is focusing on its premium 410W all-black solar modules for the residential market.

SPI Energy Co., Ltd. Ordinary Shares

NASDAQ:SPI

SPI Rankings

SPI Latest News

SPI Stock Data

9.99M
25.42M
19.55%
1.7%
0.42%
Solar
Semiconductors & Related Devices
Link
United States of America
MCCLELLAN PARK