For more information, contact:
Richard Roth, Vice President, Marketing
Advanced Energy Industries, Inc.
FORT COLLINS, Colo., July 13, 2010
—Advanced Energy Industries, Inc. (NasdaqGM: AEIS) and PV Powered today announced the introduction of new PV inverter products and an expanded service offering at the Intersolar 2010 show, scheduled for July 13-15 in San Francisco, CA. These new offerings are part of Advanced Energy’s strategy to provide customers with a complete portfolio of inverter solutions that address the entire power range of the fast-growing solar inverter market. With these new introductions, the Company is well-positioned to be one of the leading worldwide suppliers of solar PV inverters with its Solaron and PV Powered inverter product lines.
Please visit the Advanced Energy showcase at Booth #7059, and the PV Powered showcase at Booth #7265 in Moscone Center West Hall to learn more about the following PV products and services:
• New 500kW Product Portfolio
: During the show, the company will unveil complementary, next-generation 500kW solar inverters for utility scale, large commercial, and ground mount grid-tied PV installations. The combined product family includes the Solaron 500kW 600V bipolar, 500kW 1000V, and PV Powered 500kW 600V transformer-based designs that enable customers to optimize the levelized cost of energy (LCOE) through superior performance, industry-leading efficiency, site-wide reductions in BoS costs, and comprehensive ongoing services for O&M.
• Expanded SiteGuardSM Program
: The Company’s SiteGuard PV Solar Maintenance Service, featuring the SafeGuard®
99% uptime guarantee, has been extended to cover all of the Company’s commercial grid-tied inverter products, including the recently acquired PV Powered product line. The innovative SiteGuard program leverages the Company’s unmatched PV technology and systems expertise to boost uptime and reduce LCOE for entire PV solar array sites.
• New PV Powered 35kW and 50kW commercial inverters
: Designed to deliver high efficiency and ease of installation and maintenance, these unique-sized models are the perfect solution for small-to-midrange commercial applications. The new systems allow installers and designers the flexibility to work within site-specific space limitations and provide an essential building block to complete larger projects. Like all PV Powered commercial inverters, the PVP35kW and PVP50kW have a simple, high-reliability design to deliver 20+ year operating lifetimes, highest efficiencies, and the lowest cost of ownership in their class.
In addition to the exhibit, the company will be participating in the following technology forums:
Innovation Exchange Presentations
• “Innovation in Inverter Uptime Guarantees,” presented by Matt Denninger, Director of Services Marketing, Advanced Energy
• “Combining Multiple Transformerless Inverters to the Grid or to Medium Voltage for Maximum Power and Reduced System Complexity,” presented by Jack Gilmore, Technical Staff, Advanced Energy
For additional details, please visit the conference website: www.intersolar.us/index.php?id=41&L=1
Intersolar North America Conference Presentations
• Steve Hummel, PhD, VP of Engineering, PV Powered will be a featured panelist on the topic of “Inverter and Power Management Solutions for Utility-Scale Solar.”
• “Central Inverters’ Evolving Role in Large-Scale PV Systems,” presented by Randy Heckman, VP of Technology, Advanced Energy
Additional details are available at: www.greentechmedia.com/events/live/growth-opportunities-in-utility-scale-solar
About Advanced Energy
Advanced Energy (NasdaqGM: AEIS) is a global leader in innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation. Advanced Energy is headquartered in Fort Collins, Colorado, with dedicated support and service locations around the world. For more information, go to http://www.advanced-energy.com
About PV Powered
PV Powered is an innovation leader for grid-tied PV inverters in the residential, commercial and utility markets, setting new industry standards for innovation in reliability and efficiency. Recently acquired by Advanced Energy Industries (Nasdaq: AEIS), the company has pioneered the use of advanced reliability engineering to design inverters with a 20+ year operating life. PV Powered received a Stage 2 award under the Solar Energy Grid Integration System (SEGIS) program by the U.S. Department of Energy (DOE). The company is leading a team of recognized distributed energy and smart grid partners in developing innovations that increase energy harvest, reduce the cost of PV systems, and remove barriers to high levels of PV grid penetration. For more information on the company, visit www.pvpowered.com.
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