Advanced Energy Signs Strategic PV Solar Service Agreement for Colorado State University's New, 2 MW Solar Plant
January 21 2010 - 4:05PM
PR Newswire (US)
Company's SiteGuard(SM) Service Program Designed to Increase Uptime
and Lower LCOE FORT COLLINS, Colo., Jan. 21 /PRNewswire-FirstCall/
-- Advanced Energy Industries, Inc. (NasdaqGM: AEIS), today
announced that AMEC, the international engineering and project
management company, has engaged Advanced Energy for a multi-year
agreement to provide SiteGuard(SM) services for Colorado State
University's new, two megawatt photovoltaic solar power plant
located in Fort Collins, Colorado. The new solar facility started
producing power in early December and is expected to be fully
commissioned in early 2010. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO) The
company's innovative SiteGuard program is designed to significantly
increase uptime and reduce levelized cost of energy (LCOE) for
entire PV solar array sites. The comprehensive support program
extends to all industry brands of inverters, modules and tracking
equipment, and to the entire balance-of-system performance. The
program includes SiteGuard O&M to reduce both operation and
maintenance costs, as well as SiteGuard PM to manage preventative
maintenance across the complete array. Dr. Hans Betz, CEO of
Advanced Energy, noted, "Customers can rely on one source, Advanced
Energy, to provide the most comprehensive service offering and
optimize the return on their investment. This agreement
demonstrates our commitment to delivering solutions that reduce
LCOE at customer sites as well as providing world-class services
that span the complete lifecycle of those sites." He added,
"SiteGuard is gaining strong momentum with several successful site
implementations over the past year. We will continue to leverage
our global service expertise and infrastructure to help our
customers achieve their goals." Tim Gelbar, President of AMEC's
Power and Process Americas business, commented, "We are delighted
to enter into this agreement with Advanced Energy and look forward
to delivering enhanced cost and performance efficiencies to our
customer." About AMEC AMEC (LSE:AMEC) is a focused supplier of
high-value consultancy, engineering and project management services
to the world's natural resources, nuclear, clean energy, water and
environmental sectors. With annual revenues of over $4.2 billion,
AMEC designs, delivers and maintains strategic and complex assets
for its customers. AMEC's Natural Resources, Power & Process
and Earth & Environmental businesses employ almost 22,000
people in around 40 countries worldwide. amec.com About Advanced
Energy Advanced Energy is a global leader in innovative power and
control technologies for high-growth, thin-film manufacturing and
solar-power generation. Advanced Energy is headquartered in Fort
Collins, Colorado, with dedicated support and service locations
around the world. For more information, go to
http://www.advanced-energy.com/.
http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO
http://photoarchive.ap.org/ DATASOURCE: Advanced Energy Industries,
Inc. CONTACT: Richard Roth, Vice President, Marketing of Advanced
Energy Industries, Inc., +1-970-407-6017 Web Site:
http://www.advanced-energy.com/ http://www.amec.com/
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