Author Archive | Sherri Griffin

WEG and Northern Power Systems look to the future with technology

Barre, VT USA (October 26, 2016) – Northern Power Systems Corp. (TSX: NPS), a next generation renewable energy technology company, announced that WEG S.A. (Bovespa: WEGE3 / OTC: WEGZY) and NPS have executed a definitive agreement for WEG to acquire Northern Power System’s Utility Wind assets. Under the agreement, the proven utility scale direct drive technology developed and successfully deployed to date by both NPS and WEG will be solely owned by WEG and its affiliates.  All assets, including the related patent portfolio for utility […]

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June M. Morris joins Northern Power Systems as VP and General Counsel

Barre, VT USA (October 18, 2016) – Northern Power Systems (TSX: NPS) a next generation renewable energy technology company announced today that June M. Morris has joined its team as Vice President, and General Counsel.  Ms. Morris brings over thirty years of legal experience, including extensive experience as a public company General Counsel. Ms. Morris will head the Legal function at Northern Power Systems and play a key business role in the company, providing legal counsel on business objectives and opportunities, as well as leading […]

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Northern Power Systems Wind Turbines perform through Hurricanes and Typhoons

Barre, VT USA (October 12, 2016) – Northern Power Systems Corp. (TSX: NPS), a next generation renewable energy technology company, confirms the continued performance of its remote fleet with turbines performing through both Hurricane Matthew in the Caribbean, as well as Typhoon Chaba in the Jeju region of South Korea. Northern Power turbines at Over Yonder Cay in the Bahamas have now performed through three hurricanes without damage, most recently, experiencing winds of over 135 miles per hour and at least one direct lightning strike […]

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Northern Power Systems confirms commitment to North American market and strengthens commercial leadership

Barre, VT USA (October 4, 2016) – Northern Power Systems Corp. (TSX: NPS), a next generation renewable energy technology company, has confirmed its commitment to the North American distributed generation market with the announcement of two significant changes to its commercial leadership team, hiring Alex Sarly in the role of North American Director of Sales, Distributed Wind and the promotion of Chris McKay to North American Director of Sales, Power Systems. The NPS 100 wind turbine platform is a state-of-the-art product in its third generation […]

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Northern Power Systems Reports Second Quarter 2016 Results; Completes Required Financial Filings to Remove Failure to File Cease Trade Order

Barre, VT USA (14 September 2016) – Northern Power Systems Corp. (TSX: NPS), a next generation renewable energy technology company, today announced financial results and completed its quarterly filing requirements for its second quarter ended June 30, 2016. The Company expects trading to resume within four to five business days after this filing. Revenues for the three months ended June 30, 2016 were $8.7 million, compared to $13.0 million in the second quarter of 2015, and $5.2 million in the first quarter of 2016.  GAAP net […]

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Northern Power Systems Reports First Quarter 2016 Results

Barre, VT USA (31 August 2016) – Northern Power Systems Corp. (TSX: NPS), a next generation renewable energy technology company, today announced financial results for its first quarter ended March 31, 2016.  As communicated on August 26, 2016 the Company expects to file its second quarter of 2016 results by September 15, 2016 and be current with its financial reporting.  At such point, the Company will host an earnings release call. Revenues for the three months ended March 31, 2016 were $5.2 million, compared to $9.2 […]

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Northern Power Systems Corp. Announces Election of Directors

Barre, VT USA (30 August 2016) – Northern Power Systems Corp. (TSX: NPS), (the “Company” or “Northern Power Systems”), a next generation renewable energy technology company, today announced that all of the nominee directors listed in the Company’s management information circular dated August 5, 2016, were elected as directors of the Company at its Annual Meeting of Shareholders held on August 26, 2016 in Waltham, MA USA.  The results of the vote are set forth below:     About Northern Power Systems Northern Power Systems […]

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Northern Power Systems Provides Update Regarding Filing of Disclosure Documents

Barre, VT USA (26 August 2016) – Northern Power Systems Corp. (TSX: NPS), (the “Company” or “Northern Power Systems”), a next generation renewable energy technology company, provides this further update to its news release dated March 28, 2016, which announced that the Company would be delayed in the filing of its annual report on form 10-K for the year ended December 31, 2015 (which report consists of audited annual financial statements, management’s discussion and analysis and the annual information form) as well as the related […]

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Northern Power Systems Announces Leadership Transition with Focus on Distributed Energy Solutions

CEO Troy C. Patton to transition to Board Advisory Role; remaining a member of Board of Directors Office of the President and COO formed driving the Company’s refined focus on distributed energy; Ciel R. Caldwell named to role  Barre, VT USA (August 10, 2016) – Northern Power Systems Corp. (TSX: NPS), a next generation renewable energy technology company, today announced that as it makes progress toward concluding the monetization of its utility wind technology, the Company will be re-aligning its leadership to focus its future […]

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Energica Case Study

Wind energy is the fastest growing technology among all global energy-generating sources. In 2011 the total installed wind capacity around the world stood at 236 GW, by the end of 2015 that number had almost doubled to 434 GW. With wind energy becoming a mainstream energy source,  investors are increasingly comfortable backing investments. Areas with favorable climatic conditions, topography, and environment have seen dramatic increases in wind energy generation. Italy is one of these markets. It’s not too surprising to hear that Sicily is the […]

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Northern Power Systems Corp. Announces Effective Date of TSX Delisting >> Read Full Post