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Advanced Energy Industries has opened a new 48,000 square-foot production facility in Fort Collins, Colorado. The facility features design and development capabilities which focus on next-generation solar inverter technology and a scalable manufacturing model. The new site is also built to produce 250MW of Solaron PV grid-tie inverter products per year while expandable capacity exceeds 1GW.

"Our investments in solar technology and operational excellence have resulted in the award-winning Solaron inverter product line, which is already delivering compelling benefits for our customers," said president and CEO, Hans Betz. "These products, combined with the company's service and support leadership, have garnered strong customer satisfaction by significantly reducing the levelised cost of energy. This new investment in expanded manufacturing capacity demonstrates our commitment to the renewable energy business and our confidence in future growth."

Doug Hutchinson, mayor of Fort Collins, said, "It is exciting to see one of our local companies successfully diversify into the renewables industry. Clean energy is a key element of Colorado's economic future, and the innovations developed by Advanced Energy and others in the region will put us at the forefront of the new energy economy."

Advanced Energy is headquartered in Colorado and has additional offices in Asia and Europe.