Advanced Energy Achieves #1 Market Position in North America for Solar PV Inverters
September 07 2010 - 8:01AM
Business Wire
Advanced Energy Industries, Inc. (NasdaqGM: AEIS) today
announced that it has achieved the highest overall market share in
North America at the end of the first half of 2010 for its solar PV
inverter products. The data was made available by IMS Research, a
leading supplier of market intelligence, and shows a dramatic
increase in the Company’s inverter shipments. The Company,
including its Solaron and PV Powered inverter product lines, now
holds 24% share, which marks a two-fold increase over the past two
years.
Dr. Hans Betz, chief executive officer of Advanced Energy,
commented, “Our number one market share position represents a
critical milestone for our inverter business. Our performance over
the past year has been bolstered by both the introduction of
innovative new products, as well as an acquisition strategy.
Advanced Energy now offers customers a complete portfolio of
inverter solutions to address the entire power range needs of the
market. We are committed to continuous innovation in this space, as
we continue to expand our product portfolio and capabilities for
our customers.”
Ash Sharma, PV Research Director for IMS Research, noted, “The
second quarter for 2010 was a record quarter for the PV inverter
market with an estimated 4.9 GW shipped worldwide. This was almost
four times the amount shipped in the second quarter of 2009, and
53% higher than the previous quarter. We saw strong demand across
all regions, and shipments to the Americas doubled on a
year-over-year basis. Advanced Energy now ranks number one in our
Americas market rankings report for the first and second quarters
of 2010.”
Advanced Energy offers a wide range of grid-tied solar PV
inverters, from residential systems to multi megawatt,
utility-scale inverters. The Company’s product line includes the
record-setting Solaron and PV Powered inverter portfolio with
industry-leading efficiency and reliability designed for a
twenty-plus year operating life. In addition, the Company provides
PV solar array owners with an innovative service program designed
specifically to address the challenges of whole-site operations and
maintenance (O&M). The SiteGuard whole-site O&M service
program leverages the Company’s unmatched inverter knowledge and
field service expertise to boost uptime (industry benchmark 99%
inverter uptime guarantee) and reduce levelized cost of energy
(LCOE) for entire PV solar sites.
About Advanced Energy
Advanced Energy (Nasdaq: AEIS) 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
www.advanced-energy.com.
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