Signal Transformer Announces the Completion of NY-Sun Solar Installation in Long Island
January 13 2014 - 7:30AM
Business Wire
Rooftop Solar Photovoltaic System Features
Smart-Grid Technology to Help Facilitate a Clean Energy Economy in
NY State
Under Governor Cuomo's NY-Sun initiative, Signal Transformer,
a division of Bel Fuse Inc. (NASDAQ: BELFA) (NASDAQ: BELFB),
completed the installation of a solar photovoltaic (PV) system at
their Inwood, NY facility. Signal Transformer is a premier
manufacturer of high-efficiency transformers, chokes, and
inductors, which are widely employed in an array of
mission-critical power applications worldwide.
Sandy Axelrad, general manager of Signal Transformer, stated,
"We are proud to help build a clean energy economy in New York
State by participating in Governor Cuomo's initiative to make the
state's energy systems more efficient. Signal Transformer has long
recognized the need to move energy generation from carbon-based to
clean, renewable energy, and the NY-Sun initiative enabled us to
contribute to this migration. This solar project represents our
continuing efforts to manage both our electricity costs and our
environmental footprint. The installation is a steppingstone in
Signal's on-going strategy to maximize its energy efficiency, and
signifies our growing commitment to provide the market with
innovative, high-efficiency products."
Started in July 2013, the 129 kilowatt (kW) rooftop solar
project was designed, engineered and installed by EnterSolar, a New
York-based provider of commercial solar solutions. Signal
Transformer's state-of-the-art system now provides much of the
building's electricity while notably producing enough renewable
energy to make up for over 200,000 pounds of carbon dioxide per
year. It moreover features smart-grid technology and integrates an
advanced supervisory control and data acquisition (SCADA)
computer-controlled communications system that enables the Long
Island Power Authority (LIPA), managed by PSEG Long Island LLC, to
remotely monitor its functions.
The PV deployment incentive program administered by the New York
State Energy Research and Development Authority (NYSERDA) and Long
Island Power Authority (LIPA) is a key component of the NY-Sun
initiative, a public-private partnership intended to expand the
growth of the solar industry and reduce the cost of solar
technology. Expected to pay for itself in just a few years, the
project's cost was partially offset by a 30% federal tax credit and
an accelerated depreciation incentive. Moreover, LIPA provided a
$172,000 rebate for the system.
"EnterSolar is committed to helping companies achieve their
environmental goals and manage their electricity costs," stated
EnterSolar's President, Paul Ahern. "The NY-Sun initiative is
helping reduce the expenses associated with solar power, and making
it financially feasible for companies like Signal Transformer to
realize the benefits of this renewable resource. We congratulate
them for their efforts to provide cleaner energy for New
Yorkers."
The current details of Signal Transformer's solar photovoltaic
(PV) system may be viewed online at
https://easyview.auroravision.net/easyview/index.html?entityId=1819145.
About Bel
Bel (www.belfuse.com) and its divisions are primarily engaged in
the design, manufacture, and sale of products used in networking,
telecommunications, high-speed data transmission, commercial
aerospace, military, transportation, and consumer electronics.
Products include magnetics (discrete components, power transformers
and MagJack® connectors with integrated magnetics), modules (DC-DC
converters and AC-DC power supplies, integrated analog front-end
modules and custom designs), circuit protection (miniature, micro
and surface mount fuses) and interconnect devices (micro, circular
and filtered D-Sub connectors, fiber optic connectors, passive
jacks, plugs and high-speed cable assemblies). The Company operates
facilities around the world.
About EnterSolar
EnterSolar is a leading New York-based provider of comprehensive
solar energy system solutions to the commercial marketplace. Unique
in its combination of solar development expertise and financial
structuring capabilities, the Company works exclusively with
commercial enterprises to deliver optimal solar solutions with
compelling, long-term ROI. For more information visit
www.entersolar.com.
Investor Contact:Neil Berkman Associates(310)
477-3118info@berkmanassociates.comorEditorial Contact:Bel
Fuse Inc.Mark Coggan(858) 676-9650Ext. 104
Bel Fuse (NASDAQ:BELFA)
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