DYNAPOWER ENDS 2015 WITH RECORD 75 MW STORAGE INVERTER BACKLOG

Worldwide installations exceed 250 MW, reinforcing industry leadership position

South Burlington, Vermont - December 9, 2015 - Dynapower Company, the global leader in energy storage inverters, is closing out 2015 with a record 75-megawatt (MW) backlog of orders for its energy storage inverter family. The company also passed 250 MW of total installed systems, strengthening its position as the industry's leading supplier of bi-directional inverters for energy storage applications.


The backlog is due in part to the company's agreement with Tesla, under which Dynapower supplies 250 kW inverters as part of Tesla's Powerpack Commercial battery system for large commercial and utility customers. It's also driven by record U.S. storage deployments this year, which have already exceeded 100 MW as of the third quarter, according to a GTM Research and Energy Storage Association report.

Adam Knudsen, Dynapower President, commented: "These record numbers are the result of unprecedented demand across different markets. Behind-the-meter applications in California continue to drive a significant amount of our commercial and industrial projects. The adoption of storage by IPPs and utilities in multiple states has led to larger project work. The market has also recognized that there are design, quality and performance differences among various suppliers, and our inverters excel in all of these areas.

"We entered the storage inverter market nearly a decade ago after more than 40 years in the power electronics business, and sales in this space have grown significantly year over year," Knudsen continued. "We now offer a full range of modular bi-directional inverters from 100 kVA to 2.5 MVA across three product lines, with systems for most grid-scale and behind-the-meter applications. Our record backlog and industry-leading installed base reflect the high level of market acceptance we've experienced, and we're grateful to our customers for their support."

About Dynapower Energy Storage Inverters
Dynapower's four-quadrant bi-directional energy storage inverter systems utilize advanced digital controllers for management of real and reactive power, system monitoring, and protection. The company's MPS™, CPS™ and PowerSkid™ product lines are IEEE and UL1741 compliant; offer sub-cycle response with zero voltage ride-through; feature a Dynamic Transfer function that can be operated in both grid-tied or stand-alone (grid forming) modes. Dynapower inverters are deployed globally as grid-tied energy storage inverters and as micro-grid inverters, enabling increased penetration of renewable generation resources.

About Dynapower Company LLC
Dynapower is a global leader in the design and manufacture of standard and custom power conversion equipment including high-power rectifiers, bi-directional inverters, control systems and transformers for use in energy storage, industrial, mining, military and research applications. With more than 50 years of experience providing power electronics solutions to a global customer base, Dynapower's product range includes discrete power electronics and fully integrated systems ranging from 100 kilowatts to 50 megawatts. More than 250 MW of the company's high reliability, bi-directional inverters have been deployed in energy storage systems worldwide. For more information, visit: www.DynapowerEnergy.com.

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