Top Utility-Scale Solar Contractor Selects Advanced Energy(R) Inverters for 325 MW of Solar Projects
April 21 2015 - 6:19PM
Advanced Energy Industries, Inc. (Nasdaq:AEIS), a leader in
precision power conversion solutions, today announced that it has
been awarded 325 MW of solar projects by Swinerton Renewable
Energy. The installation and commissioning of the portfolio of
projects is expected to begin in 2015 and continue through the
middle to end of 2016.
As one of the largest solar contractors in the nation and the
top solar contractor in California, Swinerton Renewable Energy
specializes in installing utility-scale solar projects throughout
North America.
"After evaluating the inverter market, we determined that the
Advanced Energy 1000NX inverter will allow us to maximize our solar
energy production while reducing balance of system and construction
costs," said George Hershman, VP and division manager for Swinerton
Renewable Energy.
The AE 1000NX inverter delivers a 98 percent weighed efficiency
rated by the California Energy Commission (CEC) and 98.1 percent
peak efficiency. The inverter's self-contained, closed-loop
air-to-liquid cooling system and component selection offer maximum
rated power at desert temperatures, along with significant balance
of system savings from the unique +/-1000VDC topology. With a full
complement of utility controls, the AE 1000NX also ensures reliable
integration of renewable energy into the power system.
"Advanced Energy's market-leading experience with large solar
projects, along with the advanced capabilities of our proven NX
product line, makes this inverter the ideal choice for Swinerton's
portfolio of utility-scale projects," said Yuval Wasserman,
president and chief executive officer of Advanced Energy.
About Advanced Energy
Advanced Energy (Nasdaq:AEIS) is a global leader in innovative
power and control technologies for high-growth, precision power
conversion solutions. 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 Swinerton Renewable Energy
Swinerton Renewable Energy offers engineering, procurement,
construction, and SOLV® services for solar photovoltaic plants
throughout North America to a diverse range of clients. Over 125
years of building landmark projects, Swinerton has forged a
reputation for unsurpassed safety, workmanship, on-time delivery
and customer satisfaction. Today, our team takes pride in building
cost-effective solar systems that will generate reliable, clean
power for many years to come. SRE has delivered over 800 MW solar
projects and our SOLV team manages over 1 GW of PV plants. For more
information, visit
http://www.swinerton.com/markets/renewable-energy
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Exchange Act of 1934
that involve a number of risks and uncertainties. Such
forward-looking statements include statements which may be preceded
by the words "plan," "will," "expect," "believe," or similar words.
Other risks are described in Advanced Energy's Form 10-K, Forms
10-Q and other reports and statements filed with the Securities and
Exchange Commission. These reports and statements are available on
the SEC's website at www.sec.gov. Copies may also be obtained from
Advanced Energy's website at www.advancedenergy.com or by
contacting Advanced Energy's investor relations at 970-407-6555.
Forward-looking statements are made and based on information
available to the company on the date of this press release. The
company assumes no obligation to update the information in this
press release.
CONTACT: Bates Marshall
Senior Vice President
Global Sales, Marketing and Service
Advanced Energy Industries, Inc.
+1-408-574-2534
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