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SolarMax Technology, Inc. (NASDAQ:SMXT) ("SolarMax" or the "Company"), an integrated renewable energy company, is pleased to announce its plan to expand its business in the U.S. market, dedicated to leading the revolution with innovative smart solar systems. The company has signed a non-binding memorandum of understanding for its first major commercial solar installation project in the U.S. The proposed project, which is located in Las Vegas, would include a 4.27-megawatt photovoltaic solar power plant, a 2.0 megawatt energy storage system, and 10 advanced electric vehicle charging stations. This project marks a potentially significant milestone in SolarMax' commitment to advancing the future of solar power in America.
The U.S. solar market, already the second-largest globally, is experiencing significant growth, with projections indicating a 17% compound annual growth rate through 2025 and a market value reaching $125 billion by 2030. SolarMax is ready to capitalize on this growth, bringing its experience in developing and managing solar projects, advanced solar and energy storage technology, and a customer-centric approach to deliver projects that not only meet, but exceed, expectations.
Posted In: SMXT