Author Archive | Sherri Griffin

Northern Power Announces Reliance on Financial Hardship Exemption in Connection with a Private Placement Financing

BARRE, VT–(July 19, 2018) – Northern Power Systems Corp (“Northern” or the “Company”) (TSX:NPS) announced today its intention to effect a financing pursuant to which the Company will issue Convertible Subordinated Promissory Notes (the “Notes”) (the “Financing”) to certain new investors (each a “New Investor”) as well as certain existing investors, including John Simon and Richard Hokin, who are both current and significant shareholders of the Company and members of the Company’s Board of Directors (the “Existing and Other Investors”) (the Existing and Other Investors collectively, […]

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Northern Power Systems Reports Results of Annual General Meeting of Shareholders

Barre, VT USA (2 July 2018) – Northern Power Systems Corp. (TSX: NPS), a next generation renewable energy technology company, today announced that all nominees listed in the Information Circular and Proxy Statement of Northern Power, dated June 5, 2018, for the Annual General Meeting of Shareholders held June 27, 2018 in Barre, VT (the “Meeting”) were elected as directors of Northern Power.  The seven (7) candidates nominated for election were elected by a majority of the shareholders present in person or represented by proxy at […]

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Northern Power Systems Reports First Quarter 2018 Results

Business Highlights: Uncertainty in the Italian market due to the expiration of the feed-in-tariff for distributed wind has created challenges with our core distributed wind business. Revenues from all geographic markets in the first quarter of 2018 were $1.6M, 25% of which was generated from services within Italy, as compared to $6.2M of revenues in the previous year period, of which Italian business represented approximately 85%. Advancing pipeline in the energy storage business, including full site development with turnkey installations for owners as well as […]

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Northern Power Systems Corp. Announces Receipt of TSX Notice

Barre, VT USA (31 May 2018) – Northern Power Systems Corp. (TSX: NPS), a next generation renewable energy and energy storage technology company, today announced that on May 24, 2018, Northern Power Systems Corp. (the “Company”) received a letter from the Toronto Stock Exchange (“TSX”) notifying the Company that the TSX had initiated a review of the Company’s eligibility for continued listing on the TSX.  Further, the TSX identified several deficiencies regarding the Company’s compliance with the TSX continued listing requirements, including the fact that (i) the […]

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Northern Power Systems Reports Fourth Quarter and Full Year 2017 Results

Business Highlights: Global fleet of installed distributed wind turbines expanded to 845-units, achieving over 20 million run-time hours while delivering continued 98% grid-connected availability. Recorded $11.1 million and $38.6 million in revenues for the fourth quarter and fiscal year ended of 2017, respectively. Gross margin improved to 24.0 percent and 19.9 percent for the three and twelve month periods ended December 31, 2017, respectively, compared to 5.2 percent and 7.9 percent for the three and twelve month periods ended December 31, 2016, respectively. Reported net […]

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NPS Lithium-ion ESS

  Northern Power Systems brings you industry-leading turnkey ESS solutions that seamlessly integrate batteries, power conversion, and controls. The suite of integrated solutions combines robust, flexible lithium battery technologies with Northern Power’s advanced energy storage inverter, controls, and engineering expertise. Systems of 0.5 to 8 hours of usable energy are scalable for multi-MW applications. Download the NPS Lithium-ion ESS  Brochure

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NPS Lithium-ion ESS 5 MW | 20 MWh

  Northern Power Systems brings you industry-leading turnkey ESS solutions that seamlessly integrate batteries, power conversion, and controls. The suite of integrated solutions combines robust, flexible lithium battery technologies with Northern Power’s advanced energy storage inverter, controls, and engineering expertise. Systems of 0.5 to 8 hours of usable energy are scalable for multi-MW applications. Download the NPS Lithium-ion ESS 5 MW | 20 MWh Brochure

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Hyannis Country Garden Case Study

Located in the heart of Cape Cod, Massachusetts, Hyannis Country Garden is a full-service, family-owned garden center that began as a produce stand in 1965. The center now uses approximately 205,000 kW hours of electricity every year. Its biggest energy draw comes from the greenhouses and irrigation systems that sustain its beautiful, hearty nursery stock. Starting in early February, Country Garden begins the indoor growing season while the cold New England winds blow outside. Capturing the wind — the very element that the greenhouses shelter […]

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Northern Power Systems Flow Battery

Northern Power Systems brings you industry-leading turnkey ESS solutions that seamlessly integrate batteries, power conversion, and controls. The suite of integrated solutions combines advanced vanadium flow battery technologies from UniEnergy Technologies (UET) with Northern Power’s advanced energy storage inverter, controls, and engineering expertise. Systems of 4 to 8 hours of usable energy are scalable for multi-MW applications. Download the Northern Power Flow Battery Brochure

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