LOS ANGELES, Oct. 28, 2002 — Magnetek Inc., a builder of digital power conditioners for stationary fuel cells, announced that it has received an initial contract for wind turbine power conditioners.
The contract calls for Magnetek to develop specialized 4.5-kilowatt power conditioners for a new type of wind turbine to be connected to the utility power grid. The power conditioners will convert the output from the wind turbines into alternating current compatible with the power grid. Pending completion of the exclusive development contract, details of the program and the identity of its participants are classified.
During the past half decade, Magnetek has developed and built power conditioners up to 250-kilowatts for more than 100 commercial fuel-cell installations totaling nearly 30 megawatts, including the world’s two largest fuel cell plants in Anchorage, Alaska and Long Island, New York. In addition, the Company has supplied digital voltage regulators for thousands of conventional distributed power generators.
According to Magnetek executive vice president Antonio Canova, the wind turbine development contract, while valued under $100,000, should result in approximately $2.5 million in production orders within the next 12 months.
“The program is significant because it extends our digital power-electronics technology to another source of alternative energy which does not burn fossil fuels to produce power,” Dr. Canova said. “This application is even more significant because it includes energy storage via batteries and additional optional inputs that make these power conditioners universal platforms for future alternative energy applications.”
In addition to fuel cells and wind turbines, primary sources of alternative energy currently include micro-turbines, hydro- and solar-power.
Magnetek, Inc. manufactures digital power supplies and systems used in distributed power generation, industrial controls, medical electronics, semiconductor processing, consumer products, transportation, telecommunications, information technology and other applications requiring highly reliable, precise, energy-efficient power.
The company operates manufacturing and research facilities in North America, Europe and Asia, employs approximately 1,600 people and reported revenue of $188 million for fiscal 2002, ended on June 30, 2002.
For more information visit Magnetek’s website at http://www.magnetek.com .
Source: Magnetek, Inc.