Northern Power to Break Ground on New Facility for Company's Expansion; Company to Hold ``Tree Raising'' Event to Commemorate the Occasion.Business Editors/Energy Writers WAITSFIELD, Vt.--(BUSINESS WIRE)--Aug. 21, 2002 Northern Power Systems, the leading provider of alternative energy systems, announced today that it is about to break ground on a new 28,000 square foot facility on a 7.2-acre land plot adjacent to the company's existing building at Mad River Park in Waitsfield. The new building will serve to foster further expansion of Northern headquarters, and will also expand the company's research and development facilities. While details of the facility's construction are being finalized See finalization. , the current plan includes technology for on-site power generation, which will incorporate solar power and Combined Heat and Power (CHP CHP Chapter CHP Combined Heat and Power CHP California Highway Patrol CHP Cumhuriyet Halk Partisi (Turkish: Republican People's Party) CHP Chemical Hygiene Plan (OSHA) CHP Community Health Plan ) systems for maximum energy efficiency. The project is being funded by the Vermont Vermont (vərmŏnt`) [Fr.,=green mountain], New England state of the NE United States. It is bordered by New Hampshire, across the Connecticut R. Economic Development Association (VEDA Veda (vā`də, vē`də) [Sanskrit,=knowledge, cognate with English wit, from a root meaning know], oldest scriptures of Hinduism and the most ancient religious texts in an Indo-European language. ), and facilitated by Central Vermont Economic Development Corporation (CVEDC) and will cost approximately $4 million. Upon completion of the construction, Northern will lease the property from the state of Vermont. "This new facility enables Northern Power Systems to expand its facilities to the next level, as we continue to develop the commercially viable alternative energy systems which our customers demand," said Jito Coleman," President of Northern Power Systems. To celebrate this milestone in Northern's history, the company is hosting a Tree Raising event -- a new twist on the traditional groundbreaking ceremony. The Tree Raising will bring together members of the community, government officials, families and friends of Northern Power Systems to plant a tree at the site as a demonstration of Northern's environmental commitment. About Northern Power Systems Northern Power Systems designs, builds, and installs highly reliable, state-of-the-art power solutions for industrial, commercial, government, and not-for-profit customers using a full range of thoroughly tested technologies, including wind, photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. , natural gas and hybrid fossil/renewable power systems. For more than 25 years, Northern has provided turnkey See turnkey system. services to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. the needs of diverse customers. The company has installed over 700 systems on all seven continents, earning a worldwide reputation for delivering high quality, technically superior power solutions. Northern Power's systems are time-tested and reliable -- from the harshest and most remote locations on earth to densely populated pop·u·late tr.v. pop·u·lat·ed, pop·u·lat·ing, pop·u·lates 1. To supply with inhabitants, as by colonization; people. 2. urban sites. Additional information can be obtained at the company's Web site: www.northernpower.com. |
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