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Triad Recycling & Energy Takes Control of Energy Costs, Hosts Open Turbine Day April 24

Northern Power Systems co-hosts event with Buffalo Renewables and Triad,
offering a unique opportunity to see the benefits of wind power up close

Tonawanda, NY – April 17, 2017 –  Northern Power Systems Corp (TSX: NPS), a next generation renewable energy technology company and manufacturer of the NPSTM 100 wind turbine, today announced an “Open Turbine Day” event in conjunction with Triad Recycling & Energy Corporation (Triad) and Buffalo Renewables. The event on Monday, April 24, 2017 will celebrate the December commissioning of Triad’s first 100 kW wind turbine and planned installation of a second turbine this summer.

The Open Turbine Day will offer an opportunity for local businesses, schools, and municipalities to learn more about how this innovative company is harnessing the wind to take control of their energy future and reduce costs. Leaders from Northern Power and Buffalo Renewables will be on hand at the event to answer questions, as will the leadership at Triad including Chris Guard, President; Ken Rawe, Vice President; and John Hannon, Vice President.

The turbine at Triad was installed to support the company’s expansion into new recycling technologies, levelizing energy costs and load for their new drywall gypsum board recycling/grinding process.

“The 300 horsepower equipment caused Triad’s energy load/power bill to jump considerably, and the wind turbine is relieving that cost pressure,” said John Hannon, Vice President at Triad.

In addition to offsetting their kWh energy consumption, Triad is benefitting from flexible use of their equipment to reduce the company’s significant demand charges, which is priced at $10.00 per kilowatt.

“We turn on the line when the wind is blowing.” said Hannon. “That will make a big difference to our bottom line.” Triad’s second wind turbine, which will be installed in the next few months, is part of another expansion that includes new physical plant facilities, an electric wood grinding line and an electric plastics grinding line.

In the first four months of operation, Triad’s turbine had already produced over 83,000 kilowatt hours of electricity, which at electricity costs of approximately 11 cents per kilowatt hour equates to over $9,000 worth of energy. Additional savings from reducing demand charges have not yet been calculated, but are expected to be significant.

“Triad is a model of business innovation,” said Dave McDougall, Director of Sales at Northern Power Systems, which manufactures the NPSTM 100 wind turbine. “In addition to utilizing new technologies in their recycling capabilities, they are making use of proven wind energy technology to save money and take control of their energy future. The Open Turbine Day represents a great opportunity for other organizations to meet with Chris, Ken, and John at Triad to learn more about the benefits of wind power.”

Northern Power has been an innovator in wind turbine technology for over 40 years, and currently boasts an installed fleet of over 600 wind turbines. Momentum for wind power in “distributed energy” (behind-the-meter) applications has increased significantly in the United States more recently, propelled by an increase in interest from businesses, schools and universities, and municipalities who are looking to take control of their energy future.

Both turbine installations will have been led by the team at Buffalo Renewables, a local clean energy company that has also helped Triad obtain the necessary local and utility permits and secure support from the New York State Energy Research and Development Authority (NYSERDA).

“We expected the project to be a struggle since it was the first small wind project in the Town of Tonawanda and the closest to city of Buffalo, but the town officials were excellent to work with,” said Padma Kasthurirangan, President of Buffalo Renewables. “They did their due diligence without slowing down the project.”

The NYSERDA Small Wind Turbine program helped to reduce the installed cost of Triad’s turbines. “The NYSERDA small wind program is decidedly one of the best administered programs for distributed wind in the country and has done a tremendous job of identifying certified technology and setting reasonable guidelines, allowing both customers and installers an additional level of security in our efforts to go green in addition to providing necessary funding,” said Kasthurirangan. “NYSERDA funding is still available, as is the federal tax credit program, so now is a great time to make the move toward wind energy.”

John B. Rhodes, President and CEO, NYSERDA said, “Wind and other renewable energy sources are vital to New York obtaining Governor Cuomo’s nation-leading energy goals. We commend Triad and all of the partners for taking a leadership role in showing how local businesses can use renewable energy to help lower operating costs and create a cleaner and healthier environment for the local community.”

The NYSERDA Small Wind Turbine program is intended to increase the amount of clean, renewable energy from wind that is generated in New York State. Approximately $6 million in incentives are available to support installation of behind-the-meter, on-site wind energy systems. Incentives are based on the expected annual energy output (AEO) of the proposed wind energy system.

Planned to coincide with Earth Day, the April 24 Open Turbine Day event will include a BBQ lunch and an opportunity for attendees to meet the teams at Triad and talk to them about their experience with installing and owning a wind turbine. There will also be short presentations from Northern Power and Buffalo Renewables staff about the benefits of wind power and the financing options available. Attendees are welcome to put on a hard hat and take a look inside the turbine tower itself, tour Triad’s recycling facility and learn about Guard Contracting’s innovative CNG powered dumpster trucks.

Attendees are encouraged to register for the event by April 21 via Eventbrite at https://www.eventbrite.com/e/triad-recycling-and-guard-contracting-open-house-tickets-33221294787, or by contacting Craig at 716-875-1209 / craigm@guardcontracting.com.

ABOUT NORTHERN POWER

Northern Power Systems designs, manufactures, and sells distributed power generation and energy storage solutions with its advanced wind turbines, inverters, controls, and integration services. With over 14 million run time hours across its global fleet, Northern Power wind turbines provide customers with clean, cost effective, reliable renewable energy. NPS turbines utilize patented permanent magnet direct drive (PMDD) technology, which uses fewer moving parts, delivers higher energy capture, and provides increased reliability due to reduced maintenance and downtime. Northern Power also develops Energy Storage Solutions (ESS) based on the FlexPhase™ power converter platform, which uses patented converter architecture and advanced controls technology for advanced grid support and generation applications.

Northern Power has been a technology innovator for over 40 years and serves clients around the globe from its US headquarters and European offices. To learn more about Northern Power Systems, please visit www.northernpower.com

ABOUT BUFFALO RENEWABLES

Buff renew

Buffalo Renewables, based in Niagara Falls, NY, is the preeminent distributed generation wind and solar installer in New York State. Our team of experts helps you with the really boring aspects of a renewable energy generation project like resource assessment, finding a reliable system, permitting, grant writing, figuring out the finances, etc., and then dazzles you with our expertise in installing our unique foundations, assembling the giant lego-like wind and solar PV systems and connect it to the grid with no sparks!!

For more information about Buffalo Renewables, please visit www.buffalorenewables.green.

ABOUT TRIAD RECYCLING AND ENERGY

Triad Recycling aTriadnd Energy Corporation helps build a greener and more environmentally friendly Buffalo. The company specializes in using innovation to keep materials out of the landfill, including turning rejected tires into a fuel source, recycling mattresses, and grinding drywall/gypsum board material for use as bedding for cattle. Triad gives good jobs to a diverse workforce and is immensely proud of its great workers. In addition to supporting all types of organizations with zero landfill plans, Triad also specializes in supporting LEED buildings and construction projects. Triad serves New York especially the greater Buffalo area in WNY from Niagara Falls to Jamestown to Rochester as well as Southern Ontario and Erie PA.

For more information about Triad, please visit www.triadrecycle.com.

The team at Triad with their turbine just before the nacelle was installed on top of the tower:

triad team

CONTACTS:

Maureen McCracken
Marketing Manager, Americas
Northern Power Systems
802.461.2834 (office)
802.760.7016 (cell)
mmccracken@northernpower.com

John Hannon
Vice President
Triad Recycling and Energy Corporation
jhannon@triadrecycle.com
716.553.5512

Padma Kasthurirangan
President
Buffalo Renewables
padma@buffalorenewables.green
716.513.0114
Notice regarding forward-looking statements:

This release includes forward-looking statements regarding Northern Power Systems and its business, which may include, but is not limited to, product and financial performance, regulatory developments, supplier performance, anticipated opportunity and trends for growth in our customer base and our overall business, our market opportunity, expansion into new markets, and execution of the company’s growth strategy. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”, “anticipates”, “believes”, “proposes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such statements are based on the current expectations of the management of Northern Power Systems. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, including risks regarding the wind power industry; production, performance and acceptance of the company’s products; our sales cycle; our ability to convert backlog into revenue; performance by the company’s suppliers; our ability to maintain successful relationships with our partners and to enter into new partner relationships; our performance internationally; currency fluctuations; economic factors; competition; the equity markets generally; and the other risks detailed in Northern Power Systems’ risk factors discussed in filings with the U.S. Securities and Exchange Commission (the “SEC”), including but not limited to Northern Power Systems’ Annual Report on Form 10-K filed on March 31, 2017, as well as other documents that may be filed by Northern Power Systems from time to time with the SEC. Although Northern Power Systems has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Northern Power Systems undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

 

 

 

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