Northern Power Systems Launches Power Conversion Technology into Energy Storage Market
May 21 2015 - 10:22AM
Northern Power Systems (TSX:NPS), a leading renewable energy
technology company, has today launched the next generation of its
FlexPhase™ power converter platform specifically engineered to be
integrated with energy storage systems and used in grid support
applications.
Originally developed in 2009 as part of the company's wind
product line, the FlexPhase platform has been designed from the
ground up with a unique circuit design that yields high performance
with less component stress, lower cost, and higher reliability than
traditional 2-level converters. Northern Power Systems' patented,
bi-directional FlexPhase converter is qualified for utility-scale
Energy Storage Systems (ESS) where there is a growing need to
address multiple applications and requirements. The features of
this state-of-the-art system include:
- Modular design
- Customizable architecture
- Microgrid ready
- High efficiency over wide power range
The FlexPhase power converter provides a full suite of control
capabilities to support energy storage applications, including:
- Low and zero voltage ride through
- Voltage and frequency droop control
- Islanding detection and seamless transition
- Critical load support/UPS operation
- Black start capability
- Minimal DC bus ripple
The FlexPhase power converter platform is entering one of the
fastest growing sectors in the energy market as the global
installed energy storage for grid capacity is expected to grow from
538.4 megawatts in 2014 to 20.8 gigawatts in 2024. Whether for
frequency regulation, load shifting/time shifting or microgrid
applications, the FlexPhase power converter is key in extracting
efficiencies and value from energy storage solutions. The
technology works equally well for any type of energy storage,
whether mechanical (flywheel) or chemical (flow, sodium nickel
chloride, lithium-ion, lead-acid and others) as its inherent design
allows for immediate frequency response and easy integration.
Troy Patton, chief executive officer and president of Northern
Power Systems, commented, "Customers value our proven, flexible and
reliable technology, and this solution combined with their own
technology allows unique and market leading capabilities that
enable excellent results. Our track record in renewable friendly
and smart power electronics installed globally in over 500 of our
NPS 100/60 wind turbines and the utility scale AGW 2.1 MW wind
turbines leverages years of experience and knowledge for the
benefit of our customers."
The FlexPhase power converter will have its industry debut at
the Energy Storage Association's 25th Annual Conference and Expo in
Dallas, Texas from 27-29 May, 2015. About Northern Power
Systems
- Northern Power Systems designs, manufactures, and sells wind
turbines and power technology products, and provides engineering
development services and technology licenses for energy
applications, into the global marketplace from its US headquarters
and European offices
- Northern Power Systems has over 40 years' experience in
technologies and products generating renewable energy
- Northern Power Systems currently manufactures the NPS™ 60 and
NPS™ 100 turbines. With over 7.5 million run time hours across its
global fleet, Northern Power wind turbines provide customers with
clean, cost effective, reliable renewable energy
- Patented next generation permanent magnet direct drive (PMDD)
technology uses fewer moving parts, delivers higher energy capture,
and provides increased reliability due to reduced maintenance and
downtime.
- Northern Power Systems' FlexPhase™ power converter platform
uses patented converter architecture and advanced controls
technology for advanced grid support and generation
applications
- Northern Power Systems offers comprehensive in‐house
development services, including systems level engineering, advanced
drivetrains, power electronics, PM machine design, and remote
monitoring systems to the energy industry
- Some of the world's largest manufacturers license the company's
next generation technology and IP for their utility and distributed
wind products and markets
Discover more about Northern Power Systems. Notice regarding
forward-looking statements:
This release includes forward-looking statements regarding
Northern Power Systems and its business, which may include, but is
not limited to, product and financial performance, regulatory
developments, anticipated opportunity and trends for growth in our
customer base and our overall business, our market opportunity, and
execution of the company's growth strategy. Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "is expected", "expects", "scheduled", "intends",
"contemplates", "anticipates", "believes", "proposes" or variations
(including negative variations) of such words and phrases, or state
that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved. Such statements
are based on the current expectations of the management of Northern
Power Systems. The forward-looking events and circumstances
discussed in this release may not occur by certain specified dates
or at all and could differ materially as a result of known and
unknown risk factors and uncertainties affecting the company,
including risks regarding the energy industry; production,
performance and acceptance of the company's products; our sales
cycle; performance by the company's suppliers; our ability to
maintain successful relationships with our partners and to enter
into new partner relationships; our performance internationally;
currency fluctuations; economic factors; competition; the equity
markets generally; and the other risks detailed in Northern Power
Systems' risk factors discussed in filings with the U.S. Securities
and Exchange Commission (the "SEC"), including but not limited to
Northern Power Systems' Annual Report on Form 10-K filed on March
31, 2015, as well as other documents that may be filed by Northern
Power Systems from time to time with the SEC. Although Northern
Power Systems has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. No forward-looking
statement can be guaranteed. Except as required by applicable
securities laws, forward-looking statements speak only as of the
date on which they are made and Northern Power Systems undertakes
no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
CONTACT: John Ciempa
+1 877 906 6784
jciempa@northernpower.com
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