Solar Power, Inc. today announced the closing of a Securities Purchase Agreement ("SPA") with ZBB Energy Corporation. Along with the closing of the SPA, SPI entered into a Supply Agreement and a Governance Agreement with ZBB.
"The application of cutting-edge energy storage technology to solar energy solutions will be a key driver of PV system expansion worldwide in the coming years," said Xiaofeng Peng, Chairman of SPI. "This strategic partnership with energy storage systems leader ZBB positions SPI to address a range of next generation PV system requirements from energy storage solutions to power efficiency management."