First Solar to Provide Power Electronics Warranty Services
January 09 2018 - 3:05PM
Business Wire
FS Energy Services' expertise to strengthen inverter
manufacturer’s commitment to customers
First Solar, Inc. (Nasdaq: FSLR) and Power Electronics have
finalized an agreement to utilize First Solar’s market-leading PV
Operations & Maintenance (O&M) team to provide Power
Electronics warranty service on inverters installed throughout the
United States. This unique relationship enables tangible owner
value by reducing response time and repair time.
The arrangement allows Power Electronics to strengthen its deep
commitment to customer support with the backing of First Solar
Energy Services' technical resource team. First Solar will provide
field support on Power Electronics inverters installed at more than
50 solar power plants, many of which are already operated and
maintained by First Solar Energy Services.
“This collaboration aligns two organizations that share the same
commitment to service excellence,” said Timo Moeller, Director of
First Solar Energy Services. “Pairing Power Electronics equipment
with First Solar’s scale and proven field expertise results in
unmatched service structure in the PV industry.”
Moeller said that pairing Power Electronics inverters with First
Solar O&M services results in lower operational cost and
greater efficiency in plant maintenance.
About First Solar, Inc.
First Solar is a leading global provider of comprehensive
photovoltaic (PV) solar systems which use its advanced module and
system technology. The company’s integrated power plant solutions
deliver an economically attractive alternative to fossil-fuel
electricity generation today. From raw material sourcing through
end-of-life module recycling, First Solar’s renewable energy
systems protect and enhance the environment. For more information
about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made
pursuant to safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include statements, among other things, concerning: effects on our
financial statements and guidance resulting from certain module
manufacturing changes and associated restructuring activities; our
business strategy, including anticipated trends and developments in
and management plans for our business and the markets in which we
operate; future financial results, operating results, revenues,
gross margin, operating expenses, products, projected costs
(including estimated future module collection and recycling costs),
warranties, solar module technology and cost reduction roadmaps,
restructuring, product reliability, investments in unconsolidated
affiliates and capital expenditures; our ability to continue to
reduce the cost per watt of our solar modules; the impact of public
policies, such as tariffs or other trade remedies imposed on solar
cells and modules; our ability to expand manufacturing capacity
worldwide; our ability to reduce the costs to construct PV solar
power systems; research and development programs and our ability to
improve the conversion efficiency of our solar modules; sales and
marketing initiatives; and competition. These forward-looking
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"should," "goal," "target," "might," "will," "could," "predict,"
"continue" and the negative or plural of these words and other
comparable terminology. Forward-looking statements are only
predictions based on our current expectations and our projections
about future events. You should not place undue reliance on these
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These factors include, but are not limited to, the matters
discussed in Item 1A "Risk Factors," of our most recent Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q, and other
filings with the Securities and Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20180109006644/en/
First Solar MediaSteve Krum+1
602-427-3359steve.krum@firstsolar.comorFirst Solar InvestorsStephen
Haymore+1 602-414-9315stephen.haymore@firstsolar.com
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