Advanced Energy Announces Utility-Scale PV Inverter With 99% Efficiency at Intersolar Europe
June 08 2011 - 2:00AM
Business Wire
INTERSOLAR EUROPE 2011—Advanced Energy Industries, Inc.
(Nasdaq:AEIS), today unveiled its focus for the upcoming Intersolar
Europe event taking place in Munich, Germany from June 8 - June 10,
2011. Advanced Energy (AE) will announce recently introduced
inverter product solutions, services, and projects in Europe and
North America with a special emphasis on large solar PV deployments
for commercial and utility customers. Specifically, the company
plans to highlight the following:
- Products—Advanced Energy will
announce the Solaron® 500E HE. The 500E HE has a 99 percent peak
efficiency and a 98.7 percent EU weighted efficiency. The 99
percent peak efficiency rating is .3 to 2.5 percent higher than any
inverter in this power class, a testament that AE’s technical
leadership and innovation has led to continuously increasing
efficiency.
- Services—Advanced Energy will
highlight SiteGuard, its whole-site operations and maintenance
service plans for large scale installations, which help lower
levelized cost of energy (LCOE) and simplify site maintenance while
reducing the inconveniences and inefficiencies of working with
multiple service providers.
- Projects—Advanced Energy will
detail some of its recent large project wins which have helped it
become the leader in market share growth in PV inverter sales in
North America.
“All of the solar project stakeholders we deal with—from system
customers to investors—require solar products that offer high
performance and an outstanding long-term value,” said Michal
Gartner, co-founder of Photon Energy, a European based downstream
integrated PV company. “Advanced Energy’s inverters fit these needs
by offering industry-best reliability and efficiency, allowing PV
installations to generate more energy over the lifetime of a
system. We look forward to exploring more project opportunities
with Advanced Energy globally.”
After entering the solar PV inverter market in 2007, Advanced
Energy’s acquisition of PV Powered in 2010 furthered its
penetration into the high-growth renewables market. The company’s
success in 2010 was due to its leadership position and dominant
market share in the commercial inverter market in North America.
According to IMS Research, Advanced Energy was one of the top
market share gainers in 2010 in the global solar PV inverter
market. “Advanced Energy was the third highest market share gainer
in the global inverter market last year, and is well-positioned to
capture opportunities in 2011 based on the high-growth forecast for
the North American solar market,” said Ash Sharma, photovoltaics
research director at IMS Research.
Building on the dominant position in the commercial inverter
market in 2010, the company’s momentum is now growing within the
utility market in 2011. In early May, the company announced that
its inverters would power a 150MW project located in Arizona and
another project totaling 35MWs with Cupertino Electric. The Arizona
project was awarded to Advanced Energy by Zachry Industrial, Inc.,
a leading U.S. EPC provider. Advanced Energy Solaron PV inverters
were selected for the project after a rigorous competitive bidding
process. The Zachary project utilizes the Solaron 500kW inverters
configured as 2MW PowerStation™ solutions and the project site is
supported by Advanced Energy’s SafeGuard Plus inverter uptime
program.
“Europe has long been the leader in solar PV adoption, leading
to more sophisticated buyers, developers and project financiers who
understand the realities around bankability and LCOE, and the
importance of innovation in driving the industry forward,” said
Gregg Patterson, executive vice president and general manager of
Advanced Energy Renewables. “This makes the region a fertile
opportunity for Advanced Energy’s products and services that
deliver industry-best efficiencies and performance, leading to
improved LCOE for system owners and a higher internal rate of
return (IRR) for project investors. With systems installed or in
development in Germany, Italy, Czech Republic, Belgium, and the UK,
we’re excited to be bringing additional products and services to
our European partners and to develop more projects in the
future.”
The company’s renewables business is driving the adoption of
solar by lowering the LCOE for its customers. By providing
reliable, easy-to-install Solaron® and PV Powered™ inverters and
SiteGuard® whole-site O&M services, AE enables utility-scale,
commercial, and residential solar project developers to maximize
the lifetime value of their power plants. Customers count on AE as
a trusted partner leveraging 30 years of innovation leadership and
global services infrastructure for optimum project performance. For
more information on Advanced Energy’s inverter solutions, please
visit www.advanced-energy.com/renewables.
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. Founded in 1981, 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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