SPI Energy's Solar4America Technology Presenting American-Made Solar Modules at RE+ 2023 in Chicago
SPI Energy Co., Ltd. (NASDAQ: SPI) announces its subsidiary, Solar4America Technology Inc. (S4A), will exhibit at RE+ 2023 in Chicago. S4A will showcase American-made 410W solar modules for the residential market and 550W bi-facial solar modules for the C&I and utility markets. The company also plans to begin shipments of American-made solar modules with state-of-the-art domestic TOPCon solar cells to partners by early 2024. The current capacity of the Sacramento facility is 750MW annually, with a total combined capacity of 2.4GW expected by late 2024.
Positive
S4A's expansion plans and focus on American-made solar modules demonstrate a commitment to growth and innovation in the renewable energy sector.
The company's participation in RE+ 2023 indicates a proactive approach to engaging with potential customers and partners.
The announcement of the second American factory in South Carolina reflects a strategic investment in expanding production capabilities and meeting market demand.
11/13/2023 - 03:45 AM
MCCLELLAN PARK, CA / ACCESSWIRE / November 13, 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 its wholly owned Solar4America Technology Inc. (S4A) subsidiary, a Sacramento, California-based solar module manufacturer, will exhibit at booth 215 at RE+ 2023 in Chicago November 13-14.
"We are delighted to present our newest products and expansion plans in Chicago," said Denton Peng, Chairman of Solar4America Technology (S4A). "We will showcase American-made 410W solar modules for the residential market and 550W bi-facial solar modules designed for the C&I and utility markets."
"We are proud to have pioneered M10 cell technology solar modules in the US, and we have since become one of leading manufacturer of crystalline PV modules in the country" continued Peng. "In April, we announced our second American factory in Sumter, South Carolina. This facility will produce American-made solar modules, cells, and wafers. By early 2024, we expect to begin shipments of American-made solar modules with state-of-the-art domestic TOPCon solar cells to our partners."
The S4A solar module manufacturing facility in Sacramento currently has a capacity of 750MW annually. Between the California and South Carolina factories a total combined capacity of 2.4GW is expected by late 2024.
Currently, S4A manufactures a variety of modules such as residential 410W all-black and 550W bifacial for the C&I segment as well as legacy products like 60 cell 330W and 72 cell 410W.
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 under the Solar4America brand. SPI Solar and Orange Power which operate 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@spigroups.com
Dave GentrySPI@redchip.com
SOURCE : SPI Energy Co., Ltd.
https://www.accesswire.com/802438/spi-energys-solar4america-technology-presenting-american-made-solar-modules-at-re-2023-in-chicago
What is SPI Energy Co., Ltd. (NASDAQ: SPI) announcing?
SPI Energy Co., Ltd. announces that its subsidiary, Solar4America Technology Inc. (S4A), will exhibit at RE+ 2023 in Chicago and showcase American-made solar modules.
What products will S4A showcase at RE+ 2023?
S4A will showcase American-made 410W solar modules for the residential market and 550W bi-facial solar modules for the C&I and utility markets.
What are S4A's expansion plans?
S4A plans to begin shipments of American-made solar modules with state-of-the-art domestic TOPCon solar cells to partners by early 2024, with a total combined capacity of 2.4GW expected by late 2024.
What is the current capacity of S4A's Sacramento facility?
The current capacity of the Sacramento facility is 750MW annually.
What is the significance of S4A's announcement of a second American factory in South Carolina?
The announcement reflects a strategic investment in expanding production capabilities and meeting market demand.
