Press release from Business Wire
Emerson To Provide Power Technology For One Of The Largest Solar Energy Projects In The U.S.
<p class='bwalignc'> <i>Solar Inverters for Texas Project Will Provide Grid-Ready Electricity for 5,000 Homes</i> </p>
Monday, May 16, 2011
Emerson To Provide Power Technology For One Of The Largest Solar Energy Projects In The U.S.10:00 EDT Monday, May 16, 2011 ST. LOUIS (Business Wire) -- Emerson (NYSE: EMR) has been awarded a contract to supply power technology for one of the largest solar energy projects in the United States. Under an agreement with Wind Turbine & Energy Cables Corp. (WTEC), a leader in the innovation of solar and wind engineered systems, Emerson will provide utility-scale power inverters for a 30-megawatt solar power plant in Webberville, Texas. Emerson's power inverters convert DC power from solar arrays into AC power, which is placed directly on the electric grid and is used by homes and businesses. Emerson's power inverters are controlled through a state-of-the-art inverter management system. “Emerson's innovative inverter technology and its leadership in the solar energy market made the company an obvious choice for us as a partner,” said Brian Singh, CEO, WTEC. “Emerson's strong financial stability and dependable, long-term warranty service capabilities also were attractive to us. It is a tribute to the progress in solar design and technology that enables WTEC, together with Emerson, to be involved at the forefront of successful alternative energy programs.” Located just outside Austin, the Webberville project is expected to be operational by the end of the year and will generate clean electricity to power 5,000 homes. The project is financed, developed and owned by Fotowatio Renewable Ventures, a global independent power producer that develops, owns, and operates solar power plants worldwide. WTEC is an electrical subcontractor for Renewable Energy Systems Americas Inc. (RES Americas), which develops, constructs, owns and operates renewable energy projects throughout North America. RES Americas is the engineering, procurement and construction contractor, and will provide operations and maintenance of the facility for five years. “Emerson has provided over 400 megawatts of utility-scale inverters for solar energy projects worldwide, and we are pleased to supply critical technology to one of the largest and most innovative solar projects in the nation,” said Mark Bulanda, who serves as global leader for Emerson's solar and wind energy initiatives. “This project demonstrates trust in the Emerson brand, and it reflects as well our commitment to renewable energy.” The facility will provide electricity for Austin Energy for 25 years under a long-term power purchase agreement. Austin Energy is the ninth-largest public power utility in the United States. About Emerson Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions to customers in industrial, commercial, and consumer markets through its network power, process management, industrial automation, climate technologies, and tools and storage businesses. Sales in fiscal 2010 were $21 billion. For more information, visit www.Emerson.com. For EmersonMike Slatin, firstname.lastname@example.org