Press Releases

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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Northern Power Systems praises new ITC Legislation Supporting Local Wind Power Projects

Onsite Wind Power Now More Affordable Than Ever February 12, 2018 – Barre, VT:  Northern Power Systems praised the provision in the Federal budget deal passed on Friday that supports small wind and other renewable technologies with significant tax incentive boosts. “The expanded Tax Credit allows corporations and farm/agricultural operations of all sizes to reduce the cost of energy and realize the monetary value of their natural renewable resources,” stated Ciel Caldwell President and Chief Operating Officer of Northern Power Systems. “It will also support […]

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Northern Power Systems Reports Third Quarter 2017 Results

Business Highlights: Sustained growth leading to an 800-unit global installed fleet of distributed wind turbines, achieving almost 18 million run-time hours while delivering continued 98% grid-connected availability. Announced our entry into the energy storage space as a turn-key project developer providing integrated software, controls, and equipment; and advanced our energy storage system offering by completing UL1741 testing for our FP2000 power converter system. Recorded $3.5 million and $27.4 million in revenues for the third quarter and first nine months of 2017, respectively. Gross Profit improved […]

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Northern Power Systems Reports Second Quarter 2017 Results

Business Highlights: Installed a record 81 and 111 of its flagship distributed wind turbines in the second quarter and first half of 2017, respectively. Achieved a 700+ unit global installed fleet of distributed wind turbines, with over 16 million run-time hours delivering continued 98% grid-connected availability. Announced the sale of a full-scope 1MW / 4MWh energy storage installation to Engie to be deployed in Brazil later in 2017. Recorded $17.8 million and $24.0 million in revenues for the second quarter and first half of 2017, […]

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Northern Power Now Offering Turnkey Energy Storage Solutions

Megawatt-scale systems available with three different battery technologies BARRE, VT–(Marketwired – Aug 10, 2017) – Northern Power Systems Corp (TSX: NPS), a global leader in distributed energy power systems, now offers a full suite of megawatt-scale energy storage solutions that incorporate various battery types and capabilities, depending on the application and end-user need. In addition to providing multiple battery options, Northern Power, backed by decades of turnkey systems experience, can integrate its own field-proven power conversion and control hardware to deliver the optimum energy storage […]

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Northern Power Systems Reports Results of Annual General Meeting of Shareholders

Barre, VT USA (20 July 2017) – 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 May 1, 2017, for the Annual General Meeting of Shareholders held May 25, 2017, in Burlington, MA (the “Meeting”) were elected as directors of Northern Power.  The nine (9) candidates nominated for election were elected by a majority of the shareholders present in person or represented by proxy […]

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Northern Power Wind Turbines Generate Significant Energy Savings for New York Dairy Farm

Farming industry can reap benefits from clean wind power and energy incentive programs Recently, the advantages of wind power have become evident in dairy and farming operations, which are energy-intensive and can often leverage significant on-site wind resources. Northern Power’s 100-kilowatt (kW) wind turbines are right-sized for most farming operations, and they have become more accessible thanks to lower installation costs and improved productivity. “With more financing options than ever before, it is now easy and affordable for organizations that use significant amounts of energy […]

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Northern Power Systems Reports First Quarter 2017 Results

Business Highlights: Increased order backlog to $30 million at March 31, 2017 compared to $26 million at March 31, 2016. Our cash and cash equivalents increased $1.2 million in first quarter of 2017 compared to a decrease of $2.3 million for the same period in the prior year. Furthered the commercialization of an energy storage offering for the deployment across the utility industry. Barre, VT USA (12 May 2017) – Northern Power Systems Corp. (TSX: NPS), a next generation renewable energy technology company, today announced […]

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ENGIE Purchases Northern Power Integrated 1MW Eos Aurora® Battery for Landmark Solar and Wind Project in Brazil

ENGIE, Eos Energy Storage (“Eos”) and Northern Power Systems Corp. (TSX: NPS) today announced that they will work together to install a 1 megawatt (MW), 4 megawatt-hour (MWh) grid-scale energy storage solution supporting a hybrid solar and wind demonstration project, developed by ENGIE in Brazil. Eos and Northern Power will together manufacture and supply the turn-key, fully-integrated energy storage system combining the Eos Aurora battery with Northern Power’s FlexPhase™ power conversion technology and intelligent controls. “In order to further develop the penetration of wind and […]

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