Quantcast

MicroPlanet Provides Smart Voltage Regulation for the U.S. Department of Energy Solar Decathlon

August 12, 2011

Stock Listing: MP:TSXV
Stock Listing (US): MCTYF: OTC
Web Site: www.microplanet.com

SEATTLE, Aug. 12, 2011 /PRNewswire/ – MicroPlanet Technology Corp.
(“MicroPlanet” or the “Company”), (MP:TSXV & MCTYF:OTC) a provider of
smart grid t
echnology which significantly increases efficiency, quality, and
conservation of electricity, today is pleased to announce that it has
reached agreement with the U.S. Department of Energy’s National
Renewable Energy Laboratory (NREL) to provide voltage regulation
technology services for the U.S. Department of Energy Solar Decathlon
2011to be held in Washington, D.C., in September and October 2011.

The Solar Decathlon (www.solardecathlon.gov/) challenges 20 teams to design, build, and operate solar-powered houses
that are cost-effective, energy-efficient, and attractive. The winner
of the competition is the team that best blends affordability, consumer
appeal, and design excellence with optimal energy production and
maximum efficiency.

“The integration of distributed and renewable electricity generation
sources is becoming more prevalent and a challenge for the grid,” said
NREL’s Byron Stafford, Solar Decathlon Site Operations Manager. “The
Solar Decathlon is a concentrated microcosm of what occurs in the real
world as distributed and renewable generation sources cause increases
in line voltage. As we experienced during Solar Decathlon 2009, line
voltage rise causes inverters to trip, stopping electricity from being
passed back into the grid from the renewable sources. We are pleased to
find the MicroPlanet technology with the capabilities and features to
efficiently, precisely, and bi-directionally regulate voltage,”
Stafford continued.

“I am extremely proud of the MicroPlanet engineering team and the
significant advancements they have achieved in Smart Voltage Regulation
(SVR). They have worked very hard the past years and our selection as
the provider of voltage regulation services for the Solar Decathlon
punctuates the leading edge abilities of MicroPlanet’s patented
technologies,” said Brett Ironside, MicroPlanet President and CEO. “Our
four quadrant design – that is, the ability to both increase and
decrease voltage precisely to multiple set points as well as to
regulate bi-directionally to and from the grid – is what distinguishes
MicroPlanet from all other voltage regulation technologies. No other
voltage regulation technology can regulate with the speed, precision,
and accuracy of our patented products and enable efficient integration
of renewable generation sources.”

DOE and NREL are two of the most recognized and authoritative renewable
energy and energy efficiency authorities in the world. “We are
extremely pleased to be working with these organizations,” Ironside
continued. “Their selection of MicroPlanet is a major step forward in
creating global awareness of the abilities and benefits of
MicroPlanet’s game changing technologies.”

MicroPlanet believes that smart voltage regulation (SVR) should be a key
initial component in the integration of distributed generation
technologies. First, the economic benefits of SVR itself in most cases
exceed those of renewable generation. Second, they significantly and
dramatically improve the power quality and stability. Third, they
enhance renewable generation by managing the flow of electricity back
to the grid preventing significant feeder line problems for the
utility, and also maximizing generation revenue by optimizing voltage
levels and ensuring generation uptime.

“We are also pleased to be providing SVR service to the Solar Decathlon
as opposed to selling the equipment outright. This demonstrates a
completely different potential business model for MicroPlanet and
potential partners commonly referred to as Energy Savings Performance
Contracting,” Ironside continued. “This engagement shows that we can
provide a valuable service to end users – and is an example of another
potential service which can be provided by large Energy Services
Companies (“ESCO’s”).

“Our Chief Technical Officer Greg Wiegand, several of our board of
directors, and I will be in Washington, D.C., touring the student-built
houses. We invite the different global utilities, solar stakeholders,
end users, potential partners, and global distributors to contact us
and arrange to see our technology in action.”

About MicroPlanet Technology Corp.

MicroPlanet solutions improve power quality and save energy by
dynamically managing incoming voltage to a home or business through the
use of patented, advanced power electronics. MicroPlanet’s technology
has been deployed in seven countries by more than 20 utilities, the
U.S. military, and multiple commercial customers to save energy,
improve power quality and grid efficiency, and to facilitate the
integration of renewable energy sources, including solar and wind.
MicroPlanet is based in Seattle, WA and is listed on the TSXV trading
under the stock symbol: MP. www.microplanet.com.

THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS,
UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD
INFLUENCE ACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED
IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY’S
MOST RECENTLY FILED ANNUAL AND QUARTERLY REPORTS.  ACCORDINGLY, NO
ASSURANCES CAN BE GIVEN THAT ANY OF THE EVENTS ANTICIPATED BY THE
FORWARD-LOOKING STATEMENTS WILL TRANSPIRE OR OCCUR, OR IF ANY OF THEM
DO SO, WHAT BENEFITS THE COMPANY WILL DERIVE THEREFROM.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THE TERM IS
DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE. 

SOURCE MicroPlanet Technology Corp.


Source: newswire



comments powered by Disqus