SANTA CLARA, CA / ACCESSWIRE / February 3, 2021 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the "Company"), a global renewable energy company and provider of photovoltaic (PV) and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, today announced its SolarJuice Co., Ltd. ("SolarJuice") subsidiary, through its national network of partners, sold 2447 Tesla Powerwall home batteries with a capacity of over 34 megawatts (MW) into the residential market in Australia in 2020.
The Australian market saw rapid growth of residential storage batteries in 2020 that culminated in a record year of solar deployed across Australia.
"Working with Tesla to bring the latest storage technology and help accelerate the growth to renewables is fantastic. The momentum is gaining pace on a weekly basis and Solar Juice are proud to be part of the renewable revolution," commented Andrew Burgess, Sales Director of Solar Juice. "The market is continuing to grow, and Solar Juice is expecting double-digit growth in 2021."
About SPI Energy
SPI Energy Co., Ltd. (SPI) is a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, The Company provides a full spectrum of EPC services to third party project developers, as well as develops, owns and operates solar projects that sell electricity to the grid in multiple countries, including the U.S., the U.K., Greece, Japan and Italy. The Company has its US headquarters in Santa Clara, California and maintains 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 base of cash flow from solar projects and funding development of projects in agriculture and other markets with significant growth potential.
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.
SolarJuice Co., Ltd. ("SolarJuice") is the leader in renewable energy system solutions for residential and small commercial markets. SolarJuice, established in 2009, is headquartered in Sydney, Australia, and delivers a one-stop solution for solar panels, inverters, and battery systems. Since established, the Company serves over 3,000 B2B accounts and 400 customers. SolarJuice also plans to extend its supply chain and enhance its technology platform and to expand product delivery throughout the Asia Pacific Region and North America markets.
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 20-F 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.
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