Ontario, CA / ACCESSWIRE / June 16, 2021 / SPI Energy Ltd. (NASDAQ:SPI), 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, today announced its wholly owned Phoenix Motorcars subsidiary launched a full range of EV charging products for the US market.

The powerful, compact, all-in-one EV charging solutions come in a variety of configurations to serve both residential and commercial customer needs, with 24/7 network support, two-year warranties, and extended warranty options.

Phoenix Motorcars' new EV charge line-up includes:

• P-Home-Charger Wall Mount AC Charger (30amp)
• P-A230-240-01/02 Pedestal Single and Dual AC Chargers (30amp)
• P-B230-240-01/02 Wall Mount Single and Dual AC Chargers (30 amp)
• P-B530-480-01 Medium Voltage DC Charger (30KW)
• P-A360-480-03 Standard Power DC Charger (60KW)
• P-A3120-480-03 High-Power DC Charger (120KW)
• P-A5150-480-01/03 High-Power DC Chargers (150KW)
• P-A5180-480-03/01 High-Power DC Chargers (180KW)

'The EV industry is scrambling to build out enough chargers to handle the expected wave of EV adoption,' said Joe Mitchell, Phoenix Motorcars CEO. 'We are thrilled to introduce our own proprietary line of EV charging solutions that fulfill customer needs from residential applications to high-volume commercial installations.'

According to Grandview Research, the global EV charging infrastructure market was estimated at $15.1 billion in 2020 and is expected to reach $19.3 billion in 2021 and $145.0 billion by 2028, growing at a 33.4% compound annual growth rate.

About Phoenix Motorcars

Phoenix Motorcars is a leader in developing medium-duty electric vehicles for commercial markets with a primary focus on class 3 & 4 vehicles. Phoenix Motorcars strives to provide fleets with clean transportation and renewable energy through advanced technology solutions and remains committed to excellence in electric vehicle innovation. Phoenix Motorcars offers a range of vehicle configurations, including shuttle buses, utility trucks, service trucks, flatbed trucks, walk-in vans, cargo trucks and school buses. For more information, please visit www.phoenixmotorcars.com

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.

Forward-Looking Statements

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.

SPI Energy Co., Ltd.

Contact:

IR Department
ir@spigroups.com

Dave Gentry
RedChipCompanies, Inc.
Phone:(407) 491-4498
dave@redchip.com

SOURCE: SPI Energy Co., Ltd.