Business
Northern Power Systems Concludes Strategic Review of Business; Determines to Pursue Strategic Alternatives for its Utility Scale Wind Business
Northern Power Systems Concludes Strategic Review of Business; Determines to Pursue Strate...
About this update from Canadian Large Cap Leaders Split Corp. Class A
[{"type":"text","content":"\n\n\n\nNorthern Power Systems Concludes Strategic Review of Business; Determines to Pursue Strategic Alternatives for its Utility Scale Wind Business\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nNorthern Power Systems Concludes Strategic Review of Business; Determines to Pursue Strategic Alternatives for its Utility Scale Wind Business\nCanada NewsWire\nBARRE, Vt., May 23, 2016\n\n\n\n\n\n\n\nBARRE, Vt., May 23, 2016 /CNW/ -- Northern Power Systems Corp. (TSX: NPS), a next generation renewable energy technology company, today announced that, after extensive consideration of its business direction, the company will dedicate its focus to distributed energy solutions, including the design, manufacture and sale of distributed wind turbines and integrated microgrid and distributed energy storage solutions, featuring its state-of-the-art controller and smart power converters.  \n\nConsistent with this refocus, Northern Power Systems is exploring arrangements to further monetize the company's investment in its utility scale wind businesses and technology.  Northern Power Systems has the only American-developed permanent magnet direct drive offering that has demonstrated world class energy production and best-in-class component reliability, utilized in both its utility wind platform as well as its distributed wind offerings—the NPS 100kW and 60kW—designed to perform to utility class specifications.  With its ability to develop generator and power converter systems on an integrated basis, the company has designed turbines that deliver increased efficiency and lower operating costs.  \n\nNorthern Power Systems' first two turbines of its 2.X MW platform have been in continuous operation in Michigan since 2011.  More recently, the company's successful partnership with WEG S.A., a major Brazilian manufacturer, has resulted in commercial production and delivery of 2.1 MW turbines at competitive costs and demonstrating industry-standard operating performance.  Northern Power Systems' utility scale wind portfolio includes fully d...
More updates from Canadian Large Cap Leaders Split Corp. Class A