SOURCE: Dynapower Company

Dynapower Company

December 02, 2014 10:00 ET

Dynapower Signs Strategic Alliance Agreement With Black & Veatch

Companies to Offer Comprehensive Energy Storage Power Conversion Systems and Engineering Services

SOUTH BURLINGTON, VT--(Marketwired - Dec 2, 2014) -  Dynapower Company, the global leader in energy storage inverters, announced that it has signed a strategic agreement with Black & Veatch, one of the world's largest engineering, procurement and construction (EPC) companies. Through this partnership, the two companies will provide expertly engineered, manufactured and installed energy storage systems of all sizes based on various storage technologies and in support of multiple applications.

Under the agreement, Black & Veatch will leverage its expertise in power generation and delivery, Smart Integrated Infrastructure, and microgrids to provide a range of EPC services for energy storage projects, from residential and commercial to multi-megawatt grid-scale applications. Dynapower will combine its growing line of high reliability, bi-directional inverters for energy storage with the experience gained from deploying more than 200 MW of these systems worldwide. The two companies have over 150 years of combined industrial and utility engineering, manufacturing and implementation experience -- a track record unequaled by other energy storage project developers.

"Bringing our industry-leading inverter technology together with Black & Veatch's best-in-class engineering and construction expertise will enable us to provide exceptionally engineered and fully realized solutions incorporating a range of storage technologies," said Adam Knudsen, Dynapower President. "Black & Veatch offers complete EPC services including design, siting and permitting, technical, environmental and financial due diligence, interconnection, construction and more, while our power conversion electronics are the best in the industry."

"There continues to be an increasing amount of renewable energy being deployed on the grid," said Dean Oskvig, President and CEO of Black & Veatch's energy business. "These resources often require the support of energy storage to reduce supply variability and improve grid stability."

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 10 kilowatts to 50 megawatts. For more information, please visit www.dynapowerenergy.com.

About Black & Veatch
Black & Veatch is an employee-owned, global leader in building Critical Human Infrastructure™ in Energy, Water, Telecommunications and Government Services. Since 1915, the company has helped clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Revenues in 2013 were US $3.6 billion. More information available at www.bv.com and in social media.

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