SPI Energy Reports First Quarter 2022 Financial Results - Seite 2

• Opened RideZoomers electric scooter retail shop and service center in Fremont, California
• Showcased Edisonfuture solar EV pickup truck and delivery van at CES
• Showcased Phoenix Motorcars full range of new electric forklifts and pallet jacks at MODEX in Atlanta; delivery of lithium-ion forklifts commenced in April 2022

Corporate

• Appointed former Daimler and Karma Automotive executive Lance Zhou, Ph.D. appointed as CEO of Phoenix Motorcars

"We continue to expect revenue of $200 million to $220 million in 2022," added Mr. Peng. "Our residential solar business is expected to remain a primary revenue driver in 2022, with EV sales accelerating as the year progresses. With a multi-decade track record of success, a world-class team with a history of execution, and strong industry tailwinds, SPI is ideally positioned to accelerate the creation of new value for our shareholders. I look forward to sharing further updates on our success in the weeks and months ahead."

Conference Call

The Company will host a conference call and audio webcast on Monday, May 16, 2022 at 4:30 p.m. ET to discuss and answer questions about the Company's operational and financial highlights for the first quarter ended March 31, 2022.

Event:	SPI Energy First Quarter 2022 Financial Results Conference Call
Date:	Monday, May 16, 2022
Time:	4:30 p.m. Eastern Time
Live Call:	[phone] (U.S. Toll-Free) or [phone] (International)
Conf. ID:	22018799

For interested individuals unable to join the conference call, a dial-in replay of the call will be available until May 30, 2022 and can be accessed by dialing [phone] (U.S. Toll Free) or [phone] (International) and entering replay pin number: 22018799.

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 Sacramento, California.

The company has three core divisions: SolarJuice residential solar, the commercial & utility solar division comprised of SPI Solar and Orange Power, 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 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.