Princeton Power Systems Inc., 201 Washington Road, Building 2, Princeton Junction 08550; 609-258-5994; fax, 609-258-7329. Marshall Cohen, CEO. Home page: www.princetonpower.com.
Princeton Power, designer and manufacturer of advanced power electronics, was named one of five companies nationwide to be awarded part of a $6 billion Department of Energy project to develop major solar power projects.
Princeton Power’s share will be about $2.8 million, and the company will work with Transistor Device Inc., a power technology developer based in Hackettstown, as well as LaGuardia Community College in New York, Idyllwild Municipal Water District in San Diego, Princeton Plasma Physics Laboratory in Plainsboro, Premier Power, SPG Solar of Novato, California, and Spire of Bedford, Massachusetts to lower manufacturing costs through integrated controls for energy storage and to develop new inverter designs.
The federal funding was given to projects designed to advance the next stage of development of solar energy grid integration systems. The projects ultimately seek to maintain or improve power quality and reliability, as well as return economic value, while increasing integration of solar technologies into the U.S. electrical grid.
The announcement comes almost a year after Princeton Power was named part of the federal Department of Energy’s Solar Energy Grid Integration Systems, or SEGIS, program to encourage the development of low-cost, high- performance, alternative energy systems.