Advanced Energy Signs Strategic PV Solar Service Agreement for Colorado State University's New, 2 MW Solar Plant
Company's SiteGuard(SM) Service Program Designed to Increase Uptime and Lower LCOE
FORT COLLINS, Colo., Jan. 21 /PRNewswire-FirstCall/ -- Advanced Energy Industries, Inc. (NasdaqGM: AEIS), today announced that AMEC, the international engineering and project management company, has engaged Advanced Energy for a multi-year agreement to provide SiteGuard(SM) services for Colorado State University's new, two megawatt photovoltaic solar power plant located in Fort Collins, Colorado. The new solar facility started producing power in early December and is expected to be fully commissioned in early 2010.
The company's innovative SiteGuard program is designed to significantly increase uptime and reduce levelized cost of energy (LCOE) for entire PV solar array sites. The comprehensive support program extends to all industry brands of inverters, modules and tracking equipment, and to the entire balance-of-system performance. The program includes SiteGuard O&M to reduce both operation and maintenance costs, as well as SiteGuard PM to manage preventative maintenance across the complete array.
Dr. Hans Betz, CEO of Advanced Energy, noted, "Customers can rely on one source, Advanced Energy, to provide the most comprehensive service offering and optimize the return on their investment. This agreement demonstrates our commitment to delivering solutions that reduce LCOE at customer sites as well as providing world-class services that span the complete lifecycle of those sites." He added, "SiteGuard is gaining strong momentum with several successful site implementations over the past year. We will continue to leverage our global service expertise and infrastructure to help our customers achieve their goals."
Tim Gelbar, President of AMEC's Power and Process Americas business, commented, "We are delighted to enter into this agreement with Advanced Energy and look forward to delivering enhanced cost and performance efficiencies to our customer."
AMEC (LSE: AMEC) is a focused supplier of high-value consultancy, engineering and project management services to the world's natural resources, nuclear, clean energy, water and environmental sectors. With annual revenues of over $4.2 billion, AMEC designs, delivers and maintains strategic and complex assets for its customers. AMEC's Natural Resources, Power & Process and Earth & Environmental businesses employ almost 22,000 people in around 40 countries worldwide. amec.com
About Advanced Energy
Advanced Energy 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 www.advanced-energy.com.
SOURCE Advanced Energy Industries, Inc.
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