Sacramento headquarters is ideally located to help the Firm’s quickly rising US photo voltaic module manufacturing technique
SACRAMENTO, CA / ACCESSWIRE / Might 9, 2022 / SPI Vitality Co., Ltd. (“SPI Vitality” or the “Firm”) (NASDAQ:SPI), a worldwide renewable power firm and supplier of photo voltaic storage and electrical car (EV) options for enterprise, residential, authorities, logistics and utility clients, at present introduced plans to relocate its international headquarters from Santa Clara to 4803 Urbani Ave, McClellan Park, CA 95652.
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“We’re proud to name California house and take part within the transformation to sustainable power options,” said Mr. Xiaofeng Denton Peng, Chairman & Chief Govt Officer of SPI Vitality. “As gross sales proceed to develop from our growing manufacturing capability at our photo voltaic module manufacturing facility in Northern California, relocating our international headquarters to inside shut proximity to those operations supplies great strategic worth, creating constructive synergies throughout our photo voltaic and renewable power enterprise improvement efforts.”
Roughly 33% of California’s electrical energy got here from renewable power in 2019 and the state is focusing on 50% renewable era by 2025. California has additionally mandated an finish to the sale of gasoline-fueled automobiles by 2035.
About SPI Vitality
SPI Vitality Co., Ltd. (NASDAQ:SPI) is a worldwide renewable power firm and supplier of photo voltaic storage and electrical car (EV) options that was based in 2006 in Roseville, California and is now headquartered in Sacramento, California.
The corporate has three core divisions: SolarJuice residential photo voltaic, the industrial & utility photo voltaic division comprised of SPI Photo voltaic and Orange Energy, and the EdisonFuture/Phoenix Motor EV division. SolarJuice is the chief in renewable power system options for residential and small industrial markets and has intensive operations within the Asia Pacific and North America markets. The industrial & utility photo voltaic division supplies a full spectrum of EPC providers to 3rd occasion challenge builders, and develops, owns and operates photo voltaic tasks that promote electrical energy to the grid in a number of nations, together with the U.S., U.Ok., and Europe. Phoenix Motor is a pacesetter in medium-duty industrial electrical autos, and is creating EV charger options, electrical pickup vehicles, electrical forklifts, electrical scooters, and different EV merchandise.
SPI maintains international operations in North America, Australia, Asia and Europe and can also be focusing on strategic funding alternatives in quick rising inexperienced industries comparable to battery storage, charging stations, and different EVs which leverage the Firm’s experience and substantial photo voltaic money move.
For extra data on SPI Vitality and its subsidiaries, the Firm recommends that stockholders, buyers and another events learn the Firm’s public filings and press releases out there beneath the Investor Relations part at www.SPIgroups.com or out there at www.sec.gov.
This press launch comprises forward-looking statements, as that time period is outlined within the Personal Litigation Reform Act of 1995, that contain important dangers and uncertainties. Ahead-looking statements will be recognized via the usage of phrases comparable to “might,” “may,” “will,” “intend,” “ought to,” “might,” “can,” “would,” “proceed,” “count on,” “imagine,” “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 mirror the Firm’s present expectations and communicate solely as of the date of this launch. Precise outcomes might differ materially from the Firm’s present expectations relying upon various components. These components embrace, amongst others, the coronavirus (COVID-19) and the results of the outbreak and actions taken in connection therewith, adversarial modifications typically financial and market situations, aggressive components together with however not restricted to pricing pressures and new product introductions, uncertainty of buyer acceptance of latest product choices and market modifications, dangers related to managing the expansion of the enterprise, and people different dangers and uncertainties which are described within the “Danger Elements” part of the Firm’s annual report filed on Kind 10-Ok filed with the Securities and Alternate Fee. Besides as required by legislation, the Firm doesn’t undertake any duty to revise or replace any forward-looking statements.
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SOURCE: SPI Vitality Co., Ltd.
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