SANTA CLARA, CA / ACCESSWIRE / May 13, 2021 / SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (NASDAQ:SPI), a worldwide renewable power firm and supplier of photo voltaic storage and electrical automobile (EV) options for enterprise, residential, authorities, logistics and utility prospects and buyers, right this moment introduced Solar4America, a subsidiary of the Company’s SolarJuice Co., Ltd. (“SolarJuice”) and one of many main photo voltaic and roofing installers within the US, launched a brand new 80kwh industrial and industrial outside power storage cupboard.
With a normal configuration of 30kw/80kwh, the Solar4America outside power storage options excessive cost/discharge effectivity, superior thermal administration system, LiFePO4 battery appropriate with reliability and power density in a modular design optimized for fast supply and versatile set up. The small-footprint power storage gadget is straightforward to keep up and could be expanded to a megawatt-level system.
“The industrial and industrial market represents an infinite alternative for SPI,” commented Xiaofeng Peng, Chairman and CEO of SPI Energy. “The launch of our new outside power storage cupboard is one other main milestone for us as we search to capitalize on the quickly rising alternative on this very enticing section of the photo voltaic market.”
Demand for photo voltaic and power storage to offer backup energy and resiliency within the occasion of
a grid outage is rising within the industrial and industrial markets, in line with Solar Power World. A report by Green Tech Media and the Energy Storage Association forecasts the US industrial and industrial market to succeed in 3.3 gigawatts of recent annual capability by 2023, up 15-fold from 2018.
About SPI Energy
SPI Energy Co., Ltd. (SPI) is a worldwide renewable power firm and supplier of photo voltaic storage and electrical automobile (EV) options for enterprise, residential, authorities, logistics and utility prospects and buyers. The Company supplies a full spectrum of EPC companies to third-party venture builders, in addition to develops, owns and operates photo voltaic tasks that promote electrical energy to the grid in a number of nations, together with the U.S., the U.Okay., Greece, Japan and Italy. The Company has its US headquarters in Santa Clara, California and maintains world operations in Asia, Europe, North America and Australia. SPI can also be concentrating on strategic funding alternatives in inexperienced industries resembling battery storage and charging stations, leveraging the Company’s experience and rising base of money circulation from photo voltaic tasks and funding growth of tasks in agriculture and different markets with vital development potential.
SolarJuice Co., Ltd. (“SolarJuice”) is the chief in renewable power system options for residential and small industrial markets. Established in 2009, the Company is headquartered in Sydney, Australia and delivers a one-stop world resolution for photo voltaic panels, inverters, and battery programs. Since inception, the Company has served over 3,000 B2B accounts and 400 prospects. SolarJuice additionally plans to develop its provide chain, improve its expertise platform and seems to develop its product supply all through the Asia Pacific Region and the North America markets. With the latest acquisition of Solar4America, one of many main photo voltaic and roofing installers within the United States, this may enable the Company to serve extra prospects within the rising California, Nevada, Texas, Florida, and Colorado markets. With greater than 1,000,000 photo voltaic programs and roofs beneath its belt, the Pleasanton, CA-based firm now employs a whole bunch of installers and operates in 5 states: California, Florida, Nevada, Colorado and Texas.
This press launch incorporates forward-looking statements, as that time period is outlined within the Private Litigation Reform Act of 1995, that contain vital dangers and uncertainties. Forward-looking statements could be recognized by way of using phrases resembling might,” “would possibly,” “will,” “intend,” “ought to,” “may,” “can,” “would,” “proceed,” “count on,” “consider,” “anticipate,” “estimate,” “predict,” “outlook,” “potential,” “plan,” “search,” and related expressions and variations or the negatives of those phrases or different comparable terminology. Readers are cautioned to not place undue reliance on these forward-looking statements, which replicate the Company’s present expectations and converse solely as of the date of this launch. Actual outcomes might differ materially from the Company’s present expectations relying upon plenty of components. These components embrace, amongst others, the coronavirus (COVID-19) and the consequences of the outbreak and actions taken in connection therewith, opposed adjustments usually financial and market situations, aggressive components together with however not restricted to pricing pressures and new product introductions, uncertainty of buyer acceptance of recent product choices and market adjustments, dangers related to managing the expansion of the enterprise, and these different dangers and uncertainties which can be described within the “Risk Factors” part of the Company’s annual report filed on Form 20-F filed with the Securities and Exchange Commission. Except as required by legislation, the Company doesn’t undertake any accountability to revise or replace any forward-looking statements.
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SOURCE: SPI Energy Co., Ltd.
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