Power-One Announces Entry into Commercial Renewable Energy Inverter Market
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50kW - 300kW Scalable Solar PV-Inverter Systems Introduced at Solar Power 2007
CAMARILLO, Calif.--Sept. 24, 2007--Power-One, Inc. (Nasdaq:PWER) today announced the introduction of the Aurora® PVI-Central Series of commercial-grade photovoltaic inverters. These series of products connect to the AC grid and employ subracks in a modular, scalable architecture that facilitates application-optimized inverter solutions that range from 50kW to 300kW.
The products are ideally suited for the large-commercial market - apartment buildings and light-industrial facilities. The commercial market is approximately 30% of the total $750 million solar inverter market, with the entire market expected to grow at more than 20% per year.
The first product being introduced in the series is a 100kW unit at the Solar Power 2007 Conference. This flexible design enables configuring 100kW subracks to provide either two functionally-independent 50kW outputs, or a single 100kW power output. High conversion efficiencies (up to 96.9%), combined with high-speed MPPT (Maximum Power Point Tracking) channels, optimize energy harvesting over a wide spectrum of operating conditions.
Bill Yeates, Power-One's CEO, commented, "The introduction of the Aurora® PVI-Central marks Power-One's entry into the commercial market and is a natural transition for us as we continue to provide our customers with innovative and scalable technology in the Solar/Photovoltaic (PV) marketplace. Our PVI-Central Series reduces on-site configuring and testing and provides cost-effective solutions with smaller footprints and increased reliability."
Mr. Yeates continued, "The development of the PV commercial product line addresses the rapidly-growing global demand for environmentally-friendly power sources. These higher-wattage, commercial-grade inverters are excellent additions to our Aurora® family and further demonstrate Power-One's commitment to introduce industry-leading products addressing the renewable energy market in support of improving the environment."
The 100kW unit will be on display at the 2007 Solar Power Conference in Long Beach, CA from September 24 to 27. Attendees are encouraged to stop by Power-One's booth #1208 to view the product and talk with company representatives. For additional information on Solar Power 2007, please visit the conference website at solarpowerconference.com.
About Power-One
Power-One is a leading designer and manufacturer of power conversion products sold primarily to OEM customers in the telecommunications and server/storage markets; as well as data communications equipment manufacturers. Power-One's high-reliability products are also used in applications such as test equipment, high-end industrial applications, and alternative energy. Power-One, with headquarters in Camarillo, CA, has approximately 4,000 employees with manufacturing and/or R&D operations in the United States, Dominican Republic, Italy, Hungary, Switzerland, Slovakia, Ireland and China. For information on Power-One and its products, visit the company's Web site at www.power-one.com.
CONTACT: Power-One, Inc.
Dave Hage
Executive Vice President
(805) 987-8741
SOURCE: Power-One, Inc.
