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

MCCLELLAN PARK, CA / ACCESSWIRE / May 16, 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, a Sacramento, Calif. based solar module manufacturing company, is participating at CLEANPOWER 2023 Conference and Exhibition in New Orleans, May 22-25, 2023.

"We are thrilled to have the opportunity to be at CLEANPOWER this year," said Denton Peng, Chairman and CEO of SPI Energy and Chairman of Solar4America. "We will be showcasing American-made 410W solar modules for residential market and the 550W solar module designed for C&I and utility market. We are a major domestic modules manufacturer currently that can supply 550W/M10 solar modules in the US. We recently announced that we will open our second US solar module and wafer manufacturing facilities in Sumter, South Carolina. In the near future, we will deliver American-made solar modules to customers anywhere in the nation from either Sacramento or Sumter."

The Solar4America module manufacturing facility in Sacramento currently produces approximately 700MW. Total combined capacity of the two facilities will ramp up to 2.4GW in 2023/2024.

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 solar panels for C&I markets.

CLEANPOWER unites the most knowledgeable minds in clean energy to chart the future of this powerful industry and discuss the opportunities ahead. As previous attendees attest, the conference grows clean energy businesses by gathering key decision makers and stakeholders across the wind, solar, storage, hydrogen, and transmission industries for discussion, deal making, networking and fun. Solar4America will have experts available to answer questions and information in our booth at the conference.

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.