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Caterpillar
CAT and First Solar, Inc.
FSLR today announced a
strategic alliance to develop an integrated photovoltaic (PV) solar solution
for microgrid applications. Under the agreement, First Solar will design and
manufacture a pre-engineered turnkey package for use in remote microgrid
applications, such as small communities and mine sites. The package will
feature Cat-branded solar panels manufactured by First Solar and will include
a balance of system components.
Caterpillar will exclusively sell and support the integrated solution
featuring Cat-branded solar panels through its worldwide Cat dealer network,
along with its current offerings of generator sets and energy storage. Acting
as a central source, Cat dealers will be uniquely positioned to provide
customers with this fully integrated and supported single solution in the
large and rapidly growing microgrid market today.
Microgrids provide value to prime power diesel and gas customers by
integrating renewable energy, such as solar power, with generator sets. With
these solutions, Caterpillar can help deliver reliable, cost-effective and
sustainable energy for customers.
"We are excited to announce this alliance, underpinned by First Solar's 10
gigawatts of global experience in solar energy, and coupled with Caterpillar's
knowledge of generator sets and distributed power, and the strength of our
unmatched dealer network," said Steve Niehaus, Caterpillar Vice President with
responsibility for the Electric Power Division. "By working with First Solar,
we will optimize the efficiency and integration of solar power with our
offerings."
"This strategic alliance provides yet more evidence of a global energy
transition, where solar energy's reliability and cost competitiveness with
traditional fuels effectively allows it to complement conventional generation.
It is also evidence of the role that solar can play in enabling the local
generation and distribution of energy to address specific needs," said Marc
van Gerven, First Solar's Vice President for Global Marketing. "By entering
into this alliance with Caterpillar, with its extensive experience and reach,
we're establishing an important new precedent for the commercialization and
scaling of microgrid-based distributed generation solutions."
Caterpillar expects to first market the new microgrid solution in the Asia
Pacific, Africa, and Latin America regions, with the integrated PV solution,
including Cat-branded solar panels, available for customers in that region in
the second half of 2015. This new alliance supports Caterpillar's belief that
sustainable progress is made possible by developing solutions to help improve
the quality of life, while also minimizing economic, social and environmental
costs.
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