SPI’s Solar4America Showcasing American-made Solar Modules at RE+ Northeast in Boston

MCCLELLAN PARK, CA / ACCESSWIRE / February 14, 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, is pleased to announce its wholly owned subsidiary, Solar4America, a Sacramento, Calif. based solar module manufacturing company, will showcase its American-made solar modules at RE+ Northeast in Boston, Massachusetts, February 22-23, 2023 (Booth #204).

"We are thrilled to have the opportunity to be at RE+ Northeast this year, where we will showcase our American-made solar modules that we are delivering to customers across the US," said Denton Peng, Chairman of Solar4America.

The Solar4America module factory in Sacramento, California produces approximately 700MW with capacity ramping up to 2.4GW annually by 2024.

Currently, Solar4America 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 bifacial solar panels for commercial and industrial markets.

"In Boston we are also announcing our latest product innovation for the commercial and industrial solar market, the Pioneer5 575W TOPCON module with an industry leading efficiency up to 22.3%", said Peng. "Showing these products at RE+ Boston highlights our leadership in today's marketplace and brings more stable supplies of Made-in-USA products to the market.

RE+ Northeast is powered by the Solar Energy Industries Association (SEIA) and Smart Electric Power Alliance (SEPA). This event provides the tools, experience, and expertise to enhance innovation, policy, regulation, and business opportunities in the region.

Solar4America will have experts available to answer questions and information in Booth #204.

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, 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.