“We are pleased to receive these additional inverter orders. The use of our E-Force inverters in CHP turbine power generation is an exciting new application for our products and furthers our goal to become a major provider of utility-scale power inverters for renewable energy applications,” said Ed Butte, Magnetek’s Director of Renewable Energy. “We continue to actively quote applications beyond wind and see this order as a solid sign that the benefits of variable speed technology are being recognized in other markets.”
Magnetek Receives Orders Valued at Over $8 Million for E-Force® Renewable Energy Inverters
Magnetek, Inc. (NYSE: MAG) today announced that it has received production orders over the past five weeks for its E-Force power inverters valued at over $8 million. Magnetek’s modular utility-scale power inverters regulate and transform DC power generated by renewable sources into utility-grade AC power, which is distributed to the power transmission grid. The orders received include inverters for wind turbines as well as an initial production order valued at nearly $1 million for inverters to be used in the operation of variable speed turbine generators for combined heat and power (CHP), a new market for the Company. The orders are currently scheduled for delivery between April 2011 and July 2011.