Basic individuals needs―including access to clean water, health protection and education―rely on one critical information: energy. However , today, more than - 3 billion people lack unrestricted entry to electricity and billions more are required access to a reliable grid. Caterpillar's Energy Division is working to resolve problems by providing a variety of advanced power fixes.
Caterpillar (NYSE: CAT) and First of all Solar, Inc. (Nasdaq: FSLR) announced today a strategic alliance to develop an integrated solar (PV) solar solution for microgrid applications. Under the agreement, First Recubrir will design and manufacture a pre-engineered turnkey package for use in remote microgrid approaches, such as small communities and acquire sites. The package will setting Cat-branded solar panels manufactured by First Recubrir and will include a balance of parts.
Caterpillar will exclusively sell but support the integrated solution having features such as Cat-branded solar panels through its world wide Cat dealer network, along with the book's current offerings of generator sets up and energy storage. Acting for a central source, Cat dealers is without a doubt uniquely positioned to provide customers having this fully integrated and supported principal solution in the large and growing microgrid market today.
Microgrids show value to prime power petrol and gas customers by including renewable energy, such as solar power, with genset sets. With these solutions, Caterpillar can help to deliver reliable, cost-effective and pleasant energy for customers.
"We are capable to announce this alliance, underpinned beginning with Solar's 10 gigawatts of global adventure in solar energy, and coupled with Caterpillar's knowledge of generator sets and marketed power, and the strength of our unparalleled dealer network, " said Fred Niehaus, Caterpillar Vice President with task for the Electric Power Division. "By making use of First Solar, we will optimize these efficiency and integration of a solar panel with our offerings. "
"This strategize your move alliance provides yet more proof of a global energy transition, where estirpe energy's reliability and cost competition with traditional fuels effectively gives you it to complement conventional generation. But also evidence of the role that estirpe can play in enabling your local generation and distribution of energy add specific needs, " said Marc van Gerven, First Solar's Vp for Global Marketing. "By accepting this alliance with Caterpillar, featuring its extensive experience and reach, we are establishing an important new precedent considering the commercialization and scaling of microgrid-based distributed generation solutions. "
Caterpillar expects to first market the revolutionary microgrid solution in the Asia Ocean, Africa, and Latin America area, with the integrated PV solution, which include Cat-branded solar panels, available for customers in so far as region in the second half of 2015. This new alliance supports Caterpillar's impression that sustainable progress is made possible and also developing solutions to help improve the quality of personal life, while also minimizing economic, maximum and environmental costs.
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