SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (NASDAQ:SPI) today announced Solar4America, a subsidiary of the Company’s SolarJuice Co., Ltd. (“SolarJuice”) subsidiary and one of the largest privately held solar and roofing installers in the US, launched its S4A-Hybrid (DC/AC compatible) Battery System, a UL-certified residential battery storage solution.
The Solar4America-branded battery storage solution is significantly upgraded by solar4America R&D teams and associates for the US market with the latest power electronics, communciations and battery technologies, based on SolarJuice’s proven Opal Storage technology in the Australian market in the four years since its original launch. For further information please visit our website www.solar4america.com or email sales@solar4america.com.
With up to 8.6-kilowatt max output, intelligent energy management, and on-grid/off-grid seamless switching, the fully UL-certified battery system is outdoor rated and provides homeowners with complete control of the energy in their home using real-time data.
Xiaofeng Peng, Chairman and CEO of SPI Energy, commented, “We will provide our American customers with a reliable energy storage solution and superior installation and customer services. We have generated strong sales in Australia with Opal Storage and are confident we can produce even greater success and customer experience in the massive US market. In anticipation of high demand, we plan to inventory the Solar4America smart energy storage systems at our distribution facilities in both California and Florida.”
The global battery energy storage market is projected to reach $19.7 billion by 2027, growing at a 20.4% CAGR, according to Fortune Business Insights.
