• GE and Looop Co., Ltd.’s Partnership Marks the Entry of 1,500-Volt Solar Technology in Japan’s Solar Market • GE’s LV5 1,500-Volt Inverter can Lead to up to 3 Percent Lower System Cost and up to 15 Percent less Maintenance Costs • The Installed LV5 Inverter is in Smooth Operation in the Field
TOKYO—April 12, 2017—Renewable energy is reshaping the energy landscape in Japan. At the time of a shrinking feed-in-tariff, Japanese energy companies are concentrated on improving their technology to enable more cost-effective solar energy.
"Looop strives to make renewable energy become the central pillar of the electricity generation in Japan. We embrace advanced technology that leads to more cost-effective and thus, more viable, solar energy production. The partnership with GE has strengthened our confidence to achieve the goal," said Soichiro Nakamura, president of Looop Co., Ltd.
Based on the agreement, GE was chosen to provide two, LV5 1-megawatt (MW), 1,500-volt inverters to Looop. The LV5 inverter from GE's Power Conversion can provide broad-ranging benefits compared to the last generation of 1,000-volt inverters. The more-efficient inverter technology reduces costs associated with infrastructure, deployment and operation expenditures, which can lead to up to a 3 percent lower system cost and up to 15 percent less in maintenance costs.
"At GE, we always work to enable solutions that will help lower the cost of electricity while improving energy yields. GE was the first to introduce 1,500-volt solar inverter technology into the global market. Today, GE has achieved a global installed base of more than 2 gigawatts, allowing customers to enable more cost-effective solar plants worldwide," said Paul English, APAC region sales leader, GE's Power Conversion. "We are committed to building solar energy as the growth engine to meet Japan's energy demands."
GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. To learn more, please visit www.ge.com.
About GE Energy Connections
GE Energy Connections designs and deploys industry-leading technologies that turn the world on. We transport, convert, automate and optimize energy to ensure we provide safe, efficient and reliable electrical power. Uniting all the resources and scale of the world's first digital industrial company, we connect brilliant machines, grids, and systems to power utility, oil & gas, marine, mining and renewables customers, that keep our world running. For more information, please visit www.geenergyconnections.com.
About GE's Power Conversion
GE's Power Conversion business, a business unit of GE Energy Connections, applies the science and systems of power conversion to help drive the electrification of the world's energy infrastructure by designing and delivering advanced motor, drive and control technologies that evolve today's industrial processes for a cleaner, more productive future. Serving specialized sectors such as energy, marine, oil and gas, renewables and industry, through customized solutions and advanced technologies, GE Power Conversion partners with customers to maximize efficiency. For more information, please visit www.gepowerconversion.com.