Northern Power Systems Power Conversion Solution Demonstrates Traction in Fast Growing Energy Storage Market
September 29 2015 - 12:57PM
Northern Power Systems (www.northernpower.com) (TSX:NPS), a leading
renewable energy technology company with unique power electronics
capabilities, announced today an order from a major flow battery
manufacturer for its next generation FlexPhase™ power converter.
This product platform is specifically engineered to be integrated
with energy storage systems, where the complexity of the
application requires a more sophisticated power electronics
solution that Northern Power excels at delivering. The FlexPhase
power converter provides a full suite of control capabilities to
support any energy storage application, including low and zero
voltage ride through, voltage and frequency droop control,
islanding detection, seamless transition, critical load support/UPS
operation, and black start capability, and also offers minimal DC
bus ripple. "Our FlexPhase platform was designed with a unique
circuit that yields high performance with less component stress,
lower total cost of ownership (TCO) and higher reliability than
traditional inverters available in the market today," commented
Diego Tebaldi, Senior Director of Global Business Development. "We
are pleased to see continued interest in this platform for
challenging applications that are beyond the capabilities of many
other providers." Northern Power's FlexPhase bi-directional power
converter offers fully customizable architecture, modular design
and high efficiency over wide power range making it ideal for any
chemistry – Lithium Ion, Nickel Sodium or Flow. Its
"microgrid-ready" ability makes it ideal for off-grid as well as
grid-tied applications enabling best use of DERs (Distributed
Energy Resources).
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.
To learn more about Northern Power Systems, please visit
www.northernpower.com. 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 wind power and energy storage
industries; 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: MEDIA CONTACT:
John Ciempa
jciempa@northernpower.com
+1.802.461.4154
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