SPI Energy's Solar4America Technology to Launch Modules with Origami Solar's U.S.-Based Steel Frames
SPI Energy's subsidiary, Solar4America (S4A), is set to launch a new line of solar modules featuring Origami Solar's U.S.-based steel frames. This innovative approach significantly reduces the production-related carbon footprint by over 90%, equivalent to a reduction of 80 kilograms per module or 200 metric tons per megawatt. The new modules will range from 550 to 580 Watts and will add 5.3 to 7.0% to domestic content ITC bonus qualification.
This collaboration aims to overcome global supply chain challenges, reduce reliance on imported aluminum, and support domestic job creation. The steel frames, made from recycled materials, offer improved durability and better protection for glass and cells during installation and extreme weather events.
La filiale di SPI Energy, Solar4America (S4A), si appresta a lanciare una nuova linea di moduli solari dotati di telai in acciaio prodotti da Origami Solar negli Stati Uniti. Questo approccio innovativo riduce significativamente l'impronta di carbonio legata alla produzione di oltre il 90%, equivalente a una riduzione di 80 chilogrammi per modulo o 200 tonnellate metriche per megawatt. I nuovi moduli avranno una potenza compresa tra 550 e 580 Watt e contribuiranno con un 5,3% a 7,0% alla qualificazione del bonus ITC sul contenuto nazionale.
Questa collaborazione mira a superare le sfide della catena di approvvigionamento globale, ridurre la dipendenza dall'alluminio importato e sostenere la creazione di posti di lavoro domestici. I telai in acciaio, realizzati con materiali riciclati, offrono maggiore durabilità e una migliore protezione per il vetro e le celle durante l'installazione e in condizioni meteorologiche estreme.
La subsidiaria de SPI Energy, Solar4America (S4A), está lista para lanzar una nueva línea de módulos solares que contarán con marcos de acero de Origami Solar, basados en EE. UU.. Este enfoque innovador reduce significativamente la huella de carbono relacionada con la producción en más del 90%, equivalente a una reducción de 80 kilogramos por módulo o 200 toneladas métricas por megavatio. Los nuevos módulos tendrán un rango de 550 a 580 vatios y añadirán 5.3 a 7.0% a la calificación del bono ITC de contenido nacional.
Esta colaboración tiene como objetivo superar los desafíos de la cadena de suministro global, reducir la dependencia del aluminio importado y apoyar la creación de empleo en el país. Los marcos de acero, fabricados con materiales reciclados, ofrecen una mayor durabilidad y mejor protección para el vidrio y las celdas durante la instalación y en condiciones climáticas extremas.
SPI 에너지의 자회사인 Solar4America (S4A)는 미국에 기반을 둔 Origami Solar의 강철 프레임을 갖춘 새로운 태양광 모듈 라인을 출시할 예정입니다. 이 혁신적인 접근 방식은 생산 관련 탄소 발자국을 90% 이상 줄입니다, 이는 모듈당 80킬로그램 또는 메가와트당 200미터톤의 감소에 해당합니다. 새로운 모듈은 550에서 580와트의 범위를 가지며 국내 콘텐츠 ITC 보너스 자격에 5.3%에서 7.0%를 추가합니다.
이 협업은 글로벌 공급망 문제를 극복하고, 수입 알루미늄에 대한 의존도를 줄이며, 국내 일자리 창출을 지원하는 것을 목표로 합니다. 재활용된 소재로 제작된 강철 프레임은 설치 중 및 극한 기상 조건에서 유리와 셀을 더 잘 보호하고 더 나은 내구성을 제공합니다.
La filiale de SPI Energy, Solar4America (S4A), est sur le point de lancer une nouvelle gamme de modules solaires qui comporteront des cadres en acier fabriqués par Origami Solar aux États-Unis. Cette approche innovante réduit de manière significative l'empreinte carbone liée à la production de plus de 90%, ce qui équivaut à une réduction de 80 kilogrammes par module ou de 200 tonnes métriques par mégawatt. Les nouveaux modules auront une puissance allant de 550 à 580 Watts et apporteront 5,3 à 7,0% à la qualification du bonus ITC sur le contenu national.
Cette collaboration vise à surmonter les défis de la chaîne d'approvisionnement mondiale, à réduire la dépendance à l'aluminium importé et à soutenir la création d'emplois locaux. Les cadres en acier, fabriqués à partir de matériaux recyclés, offrent une durabilité accrue et une meilleure protection pour le verre et les cellules lors de l'installation et en cas de conditions météorologiques extrêmes.
Die Tochtergesellschaft von SPI Energy, Solar4America (S4A), wird eine neue Serie von Solarmodulen mit Stahlrahmen von Origami Solar aus den USA auf den Markt bringen. Dieser innovative Ansatz verringert den mit der Produktion verbundenen CO2-Fußabdruck um über 90%, was einer Reduzierung von 80 Kilogramm pro Modul oder 200 metrischen Tonnen pro Megawatt entspricht. Die neuen Module werden eine Leistung von 550 bis 580 Watt aufweisen und 5,3 bis 7,0% zur Qualifikation des ITC-Bonus für Inlandsinhalt beitragen.
Diese Zusammenarbeit zielt darauf ab, globale Herausforderungen in der Lieferkette zu überwinden, die Abhängigkeit von importiertem Aluminium zu verringern und die Schaffung von Arbeitsplätzen im Inland zu unterstützen. Die Stahlrahmen, die aus recycelten Materialien hergestellt sind, bieten verbesserte Langlebigkeit und besseren Schutz für Glas und Zellen während der Installation und bei extremen Wetterbedingungen.
- Launch of new solar module line with reduced carbon footprint
- Addition of 5.3 to 7.0% to domestic content ITC bonus qualification
- Overcoming global supply chain challenges
- Supporting domestic job creation
- Improved durability and protection for solar panels
- None.
This partnership between SPI Energy's Solar4America and Origami Solar marks a significant shift in solar module manufacturing. The use of domestically produced steel frames addresses several key industry challenges:
- Reduces carbon footprint by
90% , equivalent to 80 kg per module or 200 metric tons per megawatt - Strengthens U.S. supply chains, reducing reliance on imports
- Increases domestic content, potentially qualifying for up to
7.0% ITC bonus - Improves module durability, protecting against breakage during installation and extreme weather
This move aligns with growing demand for sustainable, locally-sourced renewable energy solutions. The initial power range of 550W to 580W is competitive in the current market, positioning Solar4America well in the evolving solar landscape.
The collaboration between Solar4America and Origami Solar represents a strategic pivot in solar manufacturing. By leveraging regional frame-making resources, this partnership addresses critical supply chain vulnerabilities:
- Mitigates risks associated with global aluminum supply constraints
- Enhances supply chain resilience through localized production
- Supports domestic job creation in the renewable energy sector
- Potentially reduces logistics costs and lead times
The shift to steel frames also diversifies material sourcing, which could provide a hedge against price volatility in the aluminum market. This move could set a precedent for other manufacturers, potentially reshaping the solar industry's supply chain dynamics in the U.S.
From a financial perspective, this strategic move by SPI Energy (NASDAQ:SPI) could yield significant benefits:
- Potential for increased profit margins due to reduced production costs and supply chain efficiencies
- Enhanced competitiveness in the U.S. market, leveraging the "Made in America" appeal
- Possible revenue growth from accessing new market segments focused on low-carbon products
- Improved eligibility for government incentives, including up to
7.0% ITC bonus
While initial capital investment may be required, the long-term financial outlook appears positive. Investors should monitor how this impacts SPI's market share and financial performance in coming quarters. The company's proactive approach to sustainability and supply chain resilience could enhance its long-term value proposition.
New line of steel-framed solar modules reduces production-based carbon footprint and bolsters U.S.-based supply chain
MCCLELLAN PARK, CA / ACCESSWIRE / September 4, 2024 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the "Company"), a global renewable energy company and provider of solar, storage and electric vehicle (EV) solutions announced its wholly owned subsidiary, Solar4America (S4A), a Sacramento, Calif.-based solar module manufacturer, will launch a new solar module line using industry innovator Origami Solar's domestically produced steel module frames.
By leveraging regional frame-making resources and recycled steel, Origami Solar's steel frames cut production-related greenhouse gases by over
"We believe this collaboration underscores our commitment to innovation, sustainability, and delivering superior value to our customers. By sourcing steel solar module frames from Origami Solar for our newest product line, we will overcome challenges related to constrained global supply chains while reducing reliance on imported aluminum and further supporting domestic job creation," said Denton Peng, Chairman and CEO of SPI Energy. "We're excited about the positive impact this new line of solar panels will have on the U.S. renewable energy landscape."
"We are excited to partner with Solar4America to build a durable and decarbonized module series with increased domestic content," said Gregg Patterson, CEO of Origami Solar. "Our steel frames deliver validated strength, better protecting glass and cells from breakage during installation and during extreme weather events. Solar4America customers will benefit from these advantages, as well as from the lower carbon-footprint of recycled domestic steel vs. aluminum."
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 solar module manufacturing under the Solar4America brand. SPI Solar and Orange Power which operate a commercial & utility solar division, and the Phoenix Motor EV division. 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.
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.
About Origami Solar
Origami Solar is the leading developer of an innovative steel solar panel frame that is transforming the solar industry with a transparent, domestic recycled steel supply base, precise high-speed production, and dramatically lower greenhouse gas emissions. By sourcing steel from an established regional ecosystem, solar module manufacturers can eliminate supply chain risk, decarbonize their modules, and qualify for important domestic content incentives. Origami's experienced leadership team has successfully developed utility-scale solar projects, commercialized PV components, and launched and scaled several renewable energy companies. For more information, visit: www.origamisolar.com.
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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