SPI Energy Co., Ltd. (NASDAQ: SPI) disclosed that the firm’s solar manufacturing division Solarjuice Technology has inked pacts to upgrade its Sacramento, California manufacturing facility with sophisticated technology. The company also anticipated expanding the current solar module manufacturing capacity to 1.1 gigawatts (GW) by the second half of 2022.
According to SEIA, the US-installed 5.4 GW of solar PV capacity in Q3 2021, bringing the total installed capacity to 113.5 GW, enough to power 21.8 million American homes. Solar generating capacity in the United States is predicted to increase by 21.5 GW by 2022. Over the next five years, the US solar market will deploy more than 107 GW of solar.
SPI Energy disclosed that the company is intending to manufacture made-in-California solar modules at a current capacity of 200MW, and plan to enhance capacity from this newly established production line in Q3. The advanced solar module production plant will include a high degree of precise automation and continuous improvement for producing PV modules, combining California’s highly skilled personnel with the machine-to-machine connection.
SolarJuice residential solar, SPI Solar and Orange Power commercial and utility solar, and EdisonFuture/Phoenix Motor electric vehicle divisions are the company’s three main divisions of SPI Energy Co., Ltd. SolarJuice is the world’s prominent provider of renewable energy system solutions for homes and small businesses, with activities in the Asia Pacific and North America.