MCCLELLAN PARK, CA / ACCESSWIRE / July 12, 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 its wholly owned Solar4america subsidiary plans to begin manufacturing state-of-the-art N-type HJT solar cells in the United States.

HJT leverages N-type monocrystalline silicon as a substratum, depositing silicon-based thin films with unique characteristics and transparent conductive films on the front and rear surfaces. By combining the benefits of crystalline silicon and amorphous silicon thin-film technologies, HJT technology offers excellent photo absorption, passivation effects as well as exceptional efficiency and performance. Key advantages of HJT solar cells include enhanced conversion efficiency, superior energy yield, reduced degradation rate, improved weak light performance, and adaptable to thinner wafers.

"We are excited about this significant step in our strategic expansion," said Denton Peng, Chairman and CEO of SPI Energy. "The production of HJT solar cells aligns with our commitment to providing cutting-edge renewable energy technology while reducing carbon footprints globally."

Solar4America plans to begin manufacturing HJT solar cells in the US by the end of 2024. The US-based facility will significantly expand Solar4america's manufacturing capabilities and capacity. With the introduction of HJT solar cells to its product portfolio, Solar4America aims to become one of the American leading providers of advanced photovoltaic (PV) solutions.

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 under the Solar4America brand. SPI Solar and Orange Power which operate 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.