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In the company's news yesterday,
Active Power announced that it received two new orders from its OEM partner Caterpillar. The first order is for ten 900 kVA UPS (uninterruptible power supply) systems, anticipated to be delivered in the first quarter of next year. The second order is for six 900 kVA systems which will be delivered in the next five weeks.
Jim Clishem, president and CEO of Active Power, stated, "We are pleased to see the continued market momentum our OEM partner is experiencing, which is evidenced by the selection of Caterpillar for these large system deployments. These two orders exemplify the confidence the market is placing in flywheel technology and its inherent benefits of energy and space efficiency, high reliability and environmental sustainability."
In the past 16 years, Active Power has shipped more than 2,000 flywheels in systems with more than 50 million hours of runtime. Active Power UPS systems separate themselves from the competition by performing at efficiency levels up to 98 percent, resulting in lower energy consumption and improvement in companies' bottom lines.
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