BARRE, Vt., Sept. 29, 2015 (GLOBE NEWSWIRE) -- 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.