500+ wind turbines operating; 10 million+ run hours
BARRE, Vt., June 9, 2016 /PRNewswire/ -- Northern
Power Systems Corp. (TSX: NPS), a next generation renewable
energy technology company, today announced that well over 500 of
its flagship distributed generation wind platforms are now
operating in locations worldwide, under a variety of weather and
siting conditions, reaching 10.6 million run hours. Northern
delivers first in class reliability combined with high performance
energy production, with its fleet of warranted turbines and those
covered by its unique 10 year performance guarantee program
performing at greater than 98% availability.
The NPS 100 wind turbine platform is a state-of-the-art product
in its third generation of technology evolution, optimized for high
efficiency, reliability and reduced lifetime cost of energy.
Installations now span the globe, covering North America (including the Caribbean islands, Hawaii and Alaska), Europe and Asia.
"No other wind turbine of this category can claim such
performance, reliability and bankability," stated Reinout Oussoren, VP of Global Sales for
Northern Power Systems. "This milestone launches Northern Power
into a unique position to offer the only technically advanced
permanent magnet direct drive platform having such a depth of
installations and run hours for commercial and industrial
applications, as well as wind gardens and community wind projects.
It provides end users, financial investors and project developers
confidence in the reliability of Northern Power's wind
turbine."
At 100 kilowatts of rated power, with a 21- or 24-meter rotor,
the NPS 100 offers best-in-class annual energy production, safety
and reliability for farms, businesses, schools and hospitals. Its
new 24-meter rotor features state-of-the-art hub and blade
technology with superior aerodynamics providing a larger swept
area. This increases the annual energy production (AEP) of the NPS
100-24 up to 15% over the previous model. Further improvements
include an enhanced electrical layout and more efficient generator
cooling. Originally developed with NASA and designed for remote and
isolated sites, the NPS 100 has an innovative gearless direct drive
and permanent magnet generator. The NPS 100 wind turbine is
optimized for low wind speed performance, making power at wind
speeds as low as 3 meters per second (6 mph), providing clear
economic benefits in a wide variety of wind regimes, ranging from
semi-urban to remote off-grid or microgrid locations.
Northern Power is now offering a fully financed product for the
North American market that allows customers to install a wind
turbine on a lease-to-own program with up to 100% of the total
installed cost being financed, making a winning proposition for
both the end user and this renewable energy technology.
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 almost 40 years' experience in
technologies and products generating renewable energy.
- Northern Power Systems currently manufactures the NPS™ 60 and
NPS™ 100 turbines. With over 10.6 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, supplier performance, anticipated opportunity and
trends for growth in our customer base and our overall business,
our market opportunity, expansion into new markets, 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 industry; production, performance and
acceptance of the company's products; our sales cycle; our ability
to convert backlog into revenue; 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.
Pavel Jakovlev
Marketing Manager
+1 802-461-2955 ext.7
pjakovlev@northernpower.com
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SOURCE Northern Power Systems Corp.