Xtreme Power Celebrates Best Quarter Yet with Four New Projects
AUSTIN, Texas, Jan. 30, 2013 /PRNewswire/ -- Xtreme Power, a world leader in real-time power management and energy storage solutions, boasts its most successful quarter since its founding in 2004 with the completion of four new projects.
In the fourth quarter of 2012, the company reached ~77 MW commissioned and launched a new product line:
- Xtreme Power unveiled its newest product line, the RPM, for use in the PJM frequency regulation market alongside Invenergy's Grand Ridge Wind facility.
- Xtreme Power entered new territory in Alaska with a 3.0 MW system for Kodiak Electric Association.
- Xtreme Power installed two 1.5 MW systems for Kauai Island Utility Cooperative. The new systems are able to communicate with an existing system via a shared fiber optic cable. XP's total installed capacity on the island grid is now 4.5 MW.
- And as previously featured, Xtreme Power installed its largest energy storage system to date in conjunction with Duke Energy's Notrees Wind Farm. The 36.0 MW Duke Notrees project operates on the electrical grid in Texas and will deploy fast-acting reserves to support ERCOT grid reliability and control the ebbs and flows of power variance.
The fourth quarter projects amount to over 43 MW alone.
"The strong growth we experienced in the past few months can be credited to Xtreme Power's team of top notch, experienced professionals," said Alan Gotcher, Chief Executive Officer of Xtreme Power. "We entered three new, critical markets, illustrating that the need for reliable and cost-efficient energy storage solutions continues to increase. We remain dedicated to offering new services, expanding our product offerings, and capturing a full spectrum of energy storage benefits."
About Xtreme Power
Founded in November 2004, Xtreme Power designs, engineers, installs, and monitors integrated energy storage and power management systems for Independent Power Producers, Transmission and Distribution Utilities, and Commercial & Industrial End Users, among others. Xtreme Power's technology delivers on its promise to solve complex grid challenges and our customers rely upon our staff of over 100 power systems engineers and professionals to design and implement a solution specific to each customer's need.
Xtreme Power is a privately held company and has raised in excess of $90 million since its founding. Current investors include SAIL Capital Partners, Bessemer Venture Partners, The Dow Chemical Company, BP and Fluor, among others. These multimillion-dollar investments have yielded tremendous growth and accolades, including the following: Bloomberg 2012 New Energy Pioneer Award, R&D 100 Award, one of 4,000 companies selected for the Global Cleantech 100 Award, and most recently honored by Inc. Magazine as the 15th fastest growing company in the nation. For more information, please visit http://www.xtremepower.com.
SOURCE Xtreme Power