Advanced Energy and SGEG Broaden Partnership to Collaborate on Inverter Development for Asian Markets
June 13 2012 - 8:00AM
Business Wire
Advanced Energy Industries, Inc. (Nasdaq:AEIS) today announced
it had expanded its strategic alliance with Shanghai Guangdian
Electric Group (SGEG). The partnership will combine SGEG’s power
electronic design, system control expertise, and low cost
manufacturing methodology with Advanced Energy’s (AE) product
testing expertise and control software. The new inverter will
deliver the best performance value to Asian customers, where SGEG
will lead both companies to market, while providing AE Solar Energy
with the opportunity to manufacture the new inverter for emerging
markets outside of China.
“We have always sought to deliver the leading solar energy
products to our customers,” said Eric Cai, CEO at SGEG. “AE Solar
Energy has been a stellar partner, providing a highly-reliable and
cost-effective line of inverters. It was a simple choice for us to
expand our partnership this way and tap into their expertise and
experience around inverters, and we look forward to working closely
with the AE Solar Energy team to continue to provide the
highest-quality solar technology to our customers.”
Per the agreement, AE Solar Energy will work with SGEG to
implement low-voltage ride through (LVRT), maximum power point
tracking (MPPT) and other high-level algorithms in SGEG’s inverter
line, to allow maximum project lifecycle returns. AE Solar Energy
will be given the opportunity to market its software for inverters,
and increase business in China, and expand throughout high-growth
Asian markets, such as India, without having to leverage its
ongoing investments there.
“We have been impressed with SGEG’s ability to design a low cost
high quality product for solar energy systems, and this expansion
will allow us to tap into SGEG’s knowledge of low cost design and
sourcing,” said Gordon Tredger, President of AE Solar Energy. “We
are thrilled to continue this mutually beneficial relationship, and
look forward to helping more solar project developers achieve a
higher ROI on their installations.”
AE’s solar energy business delivers highly reliable inverters,
complementary BoS products and robust O&M services that allow
its customers to secure more solar projects and grow their
business. AE Solar Energy enables utility scale, commercial and
residential solar project stakeholders to offer system owners a
lower LCOE and confidence their PV system will deliver on long-term
production goals. With more than 30 years of leadership in
delivering innovative energy solutions, combined with a legendary
reputation for customer service, AE Solar Energy is a trusted
partner to solar project developers, financiers and beneficiaries
around the globe.
About Advanced Energy
Advanced Energy (Nasdaq:AEIS) is a global leader in reliable
power conversion solutions used in thin-film plasma manufacturing
and solar energy 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.
About SGEG:
Founded in 1986 Shanghai Guangdian Electric Group (SGEG)
specializes in electrical distribution and control applications up
to 40.5Kv. Its product ranges from medium and low voltage
switchgear, transformer, motor control center, variable speed
drives, active power filter vacuum and air circuit breaker,
protection relays, smart meters, etc. Customers span from Power
generation, Utility, Infrastructure, Petrochemical, Oil & Gas,
industrial, commercial projects. SGEG is listed at Shanghai Stock
exchange (stock code 601616).
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