SPI Energy’s Solar4America Launches Residential Battery Storage Solution

SANTA CLARA, CA / ACCESSWIRE / May 3, 2021 / SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (NASDAQ: SPI), a global renewable energy company and supplier of solar and electric vehicle (EV) storage solutions for businesses, homes, governments, logistics and utility customers and investors, today announced that Solar4America, a subsidiary of subsidiary SolarJuice Co., Ltd. (“SolarJuice”) of the company and one of the largest private installers of solar and roofing systems in the United States, has launched its S4A-Hybrid (DC / AC compatible) Battery System, a residential battery storage solution UL certified.

­­­

Solar4America branded battery storage solution is significantly enhanced by R&D teams and solar4America associates for the US market with the latest in power electronics, communication and battery technologies, based on proven opal storage technology of SolarJuice in the Australian market in the four years since its initial launch. . For more information, please visit our website www.solar4america.com or send an email to [email protected]

With a maximum output of 8.6 kilowatts, intelligent energy management and seamless on-grid / off-grid switching, the fully UL-certified battery system is designed for the outdoors and gives homeowners complete control of the battery. energy from their home in real time. The data.

Xiaofeng Peng, Chairman and CEO of SPI Energy, said, “We will provide our US customers with a reliable energy storage solution, installation and superior customer service. We have generated strong sales in Australia with Opal Storage and are confident that we can produce even more success and customer experience in the huge US market. In anticipation of strong demand, we plan to inventory Solar4America intelligent energy storage systems at our distribution facilities in California and Florida. “

The global battery energy storage market is expected to reach $ 19.7 billion by 2027, with a CAGR of 20.4%, according to Fortune Business Insights.

About SPI Energy

SPI Energy Co., Ltd. (SPI) is a global renewable energy company and provider of solar and electric vehicle (EV) storage solutions to commercial, residential, government, logistics and utility customers and investors. The Company provides a full range of EPC services to third party project developers, as well as develops, owns and operates solar projects that sell electricity to the grid in several countries including the United States, United Kingdom, Greece , Japan and Italy. The company is headquartered in the United States in Santa Clara, California, and has global operations in Asia, Europe, North America and Australia. SPI is also targeting strategic investment opportunities in green industries such as battery storage and charging stations, leveraging the company’s expertise and growing cash flow base from solar projects and financing the development of projects in agriculture and other markets with high growth potential.

For more information on SPI Energy and its subsidiaries, the Company recommends that shareholders, investors and any other interested party read the Company’s public documents and press releases available in the Investor Relations section at the address www.SPIgroups.com or available at www.sec.gov.

About SolarJuice

SolarJuice Co., Ltd. (“SolarJuice”) is the leader in renewable energy system solutions for residential and small commercial markets. Established in 2009, the company is headquartered in Sydney, Australia, and offers a single global solution for solar panels, inverters and battery systems. Since its inception, the company has served over 3,000 B2B accounts and 400 clients. SolarJuice also plans to expand its supply chain, improve its technology platform, and seek to expand its product delivery across the Asia-Pacific region and North American markets. With the recent acquisition of Solar4America, one of the largest privately-owned solar panel and roofing installers in the United States, this will enable the company to serve more customers in the growing markets of California, Nevada, Texas, Florida and Colorado. With more than a million solar and rooftop systems to its name, the Pleasanton, Calif.-Based company now employs hundreds of installers and operates in five states: California, Florida, Nevada, Colorado and Texas.

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 by using words such as may, “could”, “will”, “intend”, “should”, “could”, “may”, “would”, “continue”, s ‘expect, “believe”, “anticipate”, “estimate”, “predict”, “foresee”, “potential”, “plan”, “seek” and similar expressions and variations or the negative aspects of these or other terms comparable terms 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 press release. Actual results may differ materially from the Company’s current expectations depending on a number of factors. These factors include, among others, the coronavirus (COVID-19) and the effects of the epidemic and the measures taken in this regard, adverse changes in general economic and market conditions, competitive factors, including , but not limited to, pricing pressures and the introduction of new products, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business and other risks and uncertainties described in the “Risk Factors” section of the company’s annual report filed on Form 20-F filed with the Securities and Exchange Commission. Except as required by law, the Company assumes no responsibility for revising or updating forward-looking statements.

Contact SPI Energy Co., Ltd .:

IR Department
[email protected]

Dave gentry
RedChipCompanies, Inc.
Telephone: (407) 491-4498
[email protected]

SOURCE: SPI Energy Co., Ltd.

See the source version on accesswire.com:
https://www.accesswire.com/643770/SPI-Energys-Solar4America-Launches-Residential-Battery-Storage-Solution


Source link

About Joetta Becker

Check Also

Toyota tests hydrogen combustion engines in race cars

TOKYO – Toyota said Monday it is testing hydrogen combustion engines in racing cars as …