SPI Energy (NASDAQ:SPI), a global renewable energy company, has announced that its subsidiary, Solar4America, has launched new American-Made 550W solar modules for the commercial and industrial markets. 

The Sacramento, California-based solar module manufacturing company has recently increased its annual capacity to 700MW with plans to further increase it to 2.4GW in 2023. Solar4America has production capacities for an array of modules including 410W/72cells, 410W/108 half cut cells, all black panels for the residential market, and 410W/72 cells (silver) and bifacial 550W solar panels for commercial and industrial markets. 

The launch of these new solar modules demonstrates the company's commitment to meeting the growing demand for sustainable energy solutions in the commercial and industrial sectors.

Denton Peng, Chairman of Solar4America stated: "We are very excited to begin production of our brand-new product line for commercial, industrial, and utility applications. We are the very first American manufacturer of 550W/M10 bifacial products."

SPI Energy is a global renewable energy company and provider of solar storage solutions that was founded in 2006 in Roseville, California and is headquartered in McClellan Park, California.

Shares of SPI Energy trade on the NASDAQ under the ticker symbol SPI.