Advanced Energy Hosts SEGIS Technology Demonstration for Deploying High-Penetration Photovoltaics on the Grid

Industry Experts Introduce Synchrophasor-Based Islanding Detection and Advanced Inverter Control Functionally in Live Demo

Advanced Energy Announces Stainless Steel PV Inverters for Corrosive Marine Applications

Inverters Installed at U.S. Navy Pacific Missile Range Facility

FORT COLLINS, Colo., Jun 14, 2011—Advanced Energy Industries, Inc. (Nasdaq:AEIS), today introduced its stainless steel PV Powered commercial PV inverter line and announced that it has been selected to power a 787-kilowatt project at the U.S. Navy Pacific Missile Range Facility (PMRF) in Kekaha, Hawaii. The project was awarded to Advanced Energy (AE) by Maui Solar Energy Systems, a leading solar integrator, who will construct the project.

In tropical, marine environments like Hawaii, that generate sea-salt moisture that can damage sensitive electronics systems, AE's stainless steel inverters are ideal to accommodate a 20+ year project life, without added maintenance. The new stainless steel option is the perfect complement to a product that already sets the industry standard for high reliability, ease of installation and lifetime maintainability. The PV Powered stainless steel inverter offers a wide range of inverter sizes, including 50kW, 75kW, 100kW and 260kW, allowing optimal design flexibility.

"We have preferred PV Powered commercial inverters due to their robust design, integrated features that allow for an easy installation, and standard 10-year warranty. Since the U.S. Navy's Naval Facilities Engineering Command (NAVFAC), began requiring stainless steel for all PV projects from racking to inverters, the new PV Powered stainless steel option enables us to use our preferred inverters and meet NAVFAC's demanding specifications," said John Bews, president at Maui Solar Energy Systems. "We look forward to working with Advanced Energy on this project as well as future projects throughout the state of Hawaii and the Pacific theater."

Construction of the PMRF project is currently in progress and will be completed by July 2011. In addition to the project at PMRF, Maui Solar has installed a PV Powered 260kW inverter at a PV installation at Pearl Harbor. Both projects further highlight the U.S. Navy's commitment to lead the country's military into renewable-energy generation using U.S. manufactured products.

"Our stainless steel inverter line delivers the solution our customers need for challenging marine applications where the ultimate in corrosion protection is needed. As with all of Advanced Energy's solutions, the new line continues our heritage of setting the industry standard for both efficiency and reliability," said Gregg Patterson, executive vice president and general manager of Advanced Energy Renewables. "We look forward to working with Maui Solar Energy Systems on this project and are honored to be a part of the U.S. Navy's effort to utilize clean, renewable energy."

Advanced Energy's renewables business is driving the adoption of solar by lowering the levelized cost of energy (LCOE) for its customers. By providing reliable, easy-to-install Solaron^® and PV Powered™ inverters and SiteGuard^® whole-site O&M services, AE enables utility-scale, commercial, and residential solar project developers to maximize the lifetime value of their power plants. Customers count on AE as a trusted partner leveraging 30 years of innovation leadership and global services infrastructure for optimum project performance. For more information on Advanced Energy's inverter solutions, please visit www.advanced-energy.com/renewables.

About Advanced Energy

Advanced Energy (Nasdaq: AEIS) is a global leader in innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation. Founded in 1981, Advanced Energy is headquartered in Fort Collins, Colorado with dedicated support and service locations around the world. For more information, go to www.advanced-energy.com.  
 

Advanced Energy Announces Utility-Scale PV Inverter With 99% Efficiency at Intersolar Europe

USA’s Market Share Leader to Announce New Solaron^® 500E HE Inverters; Company to Highlight Recent Milestone Achievements in Europe and North America

• Products—Advanced Energy will announce the Solaron^® 500E HE. The 500E HE has a 99 percent peak efficiency and a 98.7 percent EU weighted efficiency. The 99 percent peak efficiency rating is .3 to 2.5 percent higher than any inverter in this power class, a testament that AE’s technical leadership and innovation has led to continuously increasing efficiency.
• Services—Advanced Energy will highlight SiteGuard, its whole-site operations and maintenance service plans for large scale installations, which help lower levelized cost of energy (LCOE) and simplify site maintenance while reducing the inconveniences and inefficiencies of working with multiple service providers.
• Projects—Advanced Energy will detail some of its recent large project wins which have helped it become the leader in market share growth in PV inverter sales in North America.

“All of the solar project stakeholders we deal with—from system customers to investors—require solar products that offer high performance and an outstanding long-term value,” said Michal Gartner, co-founder of Photon Energy, a European based downstream integrated PV company. “Advanced Energy’s inverters fit these needs by offering industry-best reliability and efficiency, allowing PV installations to generate more energy over the lifetime of a system. We look forward to exploring more project opportunities with Advanced Energy globally.”

After entering the solar PV inverter market in 2007, Advanced Energy’s acquisition of PV Powered in 2010 furthered its penetration into the high-growth renewables market. The company’s success in 2010 was due to its leadership position and dominant market share in the commercial inverter market in North America. According to IMS Research, Advanced Energy was one of the top market share gainers in 2010 in the global solar PV inverter market. “Advanced Energy was the third highest market share gainer in the global inverter market last year, and is well-positioned to capture opportunities in 2011 based on the high-growth forecast for the North American solar market,” said Ash Sharma, photovoltaics research director at IMS Research.

Building on the dominant position in the commercial inverter market in 2010, the company’s momentum is now growing within the utility market in 2011. In early May, the company announced that its inverters would power a 150MW project located in Arizona and another project totaling 35MWs with Cupertino Electric. The Arizona project was awarded to Advanced Energy by Zachry Industrial, Inc., a leading U.S. EPC provider. Advanced Energy Solaron PV inverters were selected for the project after a rigorous competitive bidding process. The Zachary project utilizes the Solaron 500kW inverters configured as 2MW PowerStation™ solutions and the project site is supported by Advanced Energy’s SafeGuard Plus inverter uptime program.

“Europe has long been the leader in solar PV adoption, leading to more sophisticated buyers, developers and project financiers who understand the realities around bankability and LCOE, and the importance of innovation in driving the industry forward,” said Gregg Patterson, executive vice president and general manager of Advanced Energy Renewables. “This makes the region a fertile opportunity for Advanced Energy’s products and services that deliver industry-best efficiencies and performance, leading to improved LCOE for system owners and a higher internal rate of return (IRR) for project investors. With systems installed or in development in Germany, Italy, Czech Republic, Belgium, and the UK, we’re excited to be bringing additional products and services to our European partners and to develop more projects in the future.”

The company’s renewables business is driving the adoption of solar by lowering the LCOE for its customers. By providing reliable, easy-to-install Solaron^® and PV Powered^™ inverters and SiteGuard^® whole-site O&M services, AE enables utility-scale, commercial, and residential solar project developers to maximize the lifetime value of their power plants. Customers count on AE as a trusted partner leveraging 30 years of innovation leadership and global services infrastructure for optimum project performance. For more information on Advanced Energy’s inverter solutions, please visit www.advanced-energy.com/renewables.

About Advanced Energy
Advanced Energy (Nasdaq: AEIS) is a global leader in innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation. Founded in 1981, Advanced Energy is headquartered in Fort Collins, Colorado with dedicated support and service locations around the world. For more information, go to www.advanced-energy.com.

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Advanced Energy Celebrates 30-Year Anniversary

1981 start-up expands to global market leader in power conversion;
continuing innovation enables customer success in thin film and renewables industries

Advanced Energy Sets Industry Record for Solar Inverter Efficiency

Solaron^® 500kW PV Inverters Achieve 98 Percent California Energy Commission (CEC) Efficiency Rating; Highest Efficiency to Drive Industry-Best LCOE

FORT COLLINS, Colo., May 11, 2011—Advanced Energy Industries, Inc. (Nasdaq: AEIS), today announced that its 500kW Solaron^® PV inverters have achieved a 98 percent efficiency rating from the California Energy Commission (CEC), a record breaking efficiency rating for any inverter in this power class. Advanced Energy also held the previous industry benchmarks of 97 percent and then 97.5 percent. By achieving 98 percent average efficiency without carve-outs for auxiliary power or other adjustments, the company is further distancing its products from competitors in the large commercial and utility-scale solar inverter market.

Inverter efficiency determines the amount of energy converted from a solar array to power that is delivered to the system owner, financier, or utility. Each percentage increase in efficiency leads to additional kilowatt-hours of energy produced, resulting in more cash and RECs generated from a solar PV system. By improving peak energy efficiency to 98.7 percent and weighted efficiency to 98 percent, which is one to three percentage points higher than comparable commercial and utility-scale solar PV inverters, Advanced Energy's new Solaron 500 HE inverters can generate more cash-flow for project developers, owners and financiers.

"Efficiency is a key metric in determining the energy output of a solar PV system, with higher efficiencies possibly leading to a higher internal rate of return for a project owner or investor," said Jim Hines, research director at Gartner. "When properly balanced with cost and long-term reliability, incremental gains in efficiency can lead to a significant improvement in project profitability. Solar project owners, investors and other stakeholders should consider the efficiencies of individual system components when evaluating the levelized cost of electricity production from a PV system."

The CEC is the leading North American agency to review, compile and approve inverters for commercial use. The CEC posts ratings for hundreds of inverters that have been approved by certified testing facilities. Commercial and utility-scale inverters with current CEC ratings can be found at: http://www.gosolarcalifornia.ca.gov/equipment/inverters.php.

"While many look at efficiency as a technical milestone, this is really a financial and business milestone for the solar PV industry," said Gregg Patterson, executive vice president and general manager Advanced Energy Renewables. "Solar developers and project financiers know that by using Solaron inverters, they can generate a higher financial return from their installations. This benchmark is a testament to our product development team and the collaboration between Advanced Energy and its partners to develop real-world solutions that deliver better LCOE for our customers."

The company's renewables business is driving the adoption of solar by lowering the levelized cost of energy (LCOE) for our customers. By providing reliable, easy-to-install Solaron^® and PV Powered™ inverters and SiteGuard^® whole-site O&M services, AE enables utility-scale, commercial, and residential solar project developers to maximize the lifetime value of their power plants. Customers count on AE as a trusted partner leveraging 30 years of innovation leadership and global services infrastructure for optimum project performance. For more information on Advanced Energy's inverter solutions, please visit www.advanced-energy.com/renewables.

About Advanced Energy
Advanced Energy (Nasdaq: AEIS) is a global leader in innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation. Founded in 1981, Advanced Energy is headquartered in Fort Collins, Colorado with dedicated support and service locations around the world. For more information, go to www.advanced-energy.com.

Advanced Energy^® Utility Solar Inverters Selected for 150 MW Solar Power Plant by Zachry Industrial, Inc.

FORT COLLINS, Colo., May 02, 2011—Advanced Energy Industries, Inc. (Nasdaq: AEIS), today announced that its Solaron^® PV inverters and SafeGuard^® service program have been selected to power a 150-megawatt project located in Arizona. The project was awarded to Advanced Energy by Zachry Industrial, Inc., a leading U.S. EPC provider. The Solaron PV inverters were selected for this project through a rigorous competitive bidding process.

"After evaluating multiple inverter options, we found Advanced Energy provided the leading product and service offering for the project," said Al Hood with Zachry Industrial, Inc. "We look forward to working with Advanced Energy on this momentous project which reflects Zachry's commitment to the solar market."

The project is slated to begin construction in mid-2011 and be completed in 2013. When completed, we believe the project will be one of the largest photovoltaic solar installations in North America with a planned output capacity that is currently larger than any solar PV project installed worldwide.

The project will utilize the Solaron 500kW inverters configured as 2MW PowerStation™ solutions and will be supported by Advanced Energy's SafeGuard Plus inverter uptime program.

"We are honored to be selected by Zachry for such a landmark utility-scale project," said Gregg Patterson, Executive Vice President and General Manager of Advanced Energy Renewables. "As the solar industry matures, project stakeholders recognize that high-performance, high-reliability products and services from a bankable partner like Advanced Energy provide maximum return on investment."

For more information on Advanced Energy's Solaron inverter solutions, please visit www.advanced-energy.com/renewables.

About Advanced Energy

Advanced Energy (Nasdaq: AEIS) is a global leader in innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation. Founded in 1981, Advanced Energy is headquartered in Fort Collins, Colorado with dedicated support and service locations around the world. For more information, go to www.advanced-energy.com.
 

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Advanced Energy Schedules First Quarter 2011 Earnings Call on May 3, Before Market Open

FORT COLLINS, Colo., April 18, 2011—Advanced Energy Industries, Inc. (Nasdaq: AEIS) will release first quarter 2011 financial results after market on Monday, May 2, 2011. Management's quarterly company update will be held on May 3, 2011, beginning at 6:30 a.m. Mountain Time / 8:30 a.m. Eastern Time.

Advanced Energy Announces Solid First Quarter Results

Revenue of $137.7 million, a 97.5% increase over Q1 2010
Operating Income of $24.4 million, 17.7% of revenue
EPS of $0.43 share
Record bookings of $184.0 million

FORT COLLINS, Colo., May 02, 2011—Advanced Energy Industries, Inc. (Nasdaq GM: AEIS) today announced financial results for the first quarter ended March 31, 2011. The company posted first quarter sales of $137.7 million, operating income of 17.7%, and earnings of $0.43 per diluted share from continuing operations.

"Advanced Energy had another quarter of solid financial and organizational performance. Our strategy to transition the company to a diversified business model paid dividends this quarter as increased shipments in our thin films business minimized the seasonality of our renewables business," said Dr. Hans Betz, chief executive officer.

Total revenue of $137.7 million was split between Thin Films at $100.1 million and $37.6 million in the Renewables Business Unit. Thin films sales were primarily driven by strength in the semiconductor market. Renewables sales were impacted by the North American market first quarter seasonality, but delivered record bookings of $65.5 million for the quarter.

"We are very excited about our announcement today that our inverters have been chosen for two major Utility projects: a 150MW project with Zachry in Arizona and a 35MW project in California with Cupertino Electric, demonstrating the differentiated reliability and efficiency of our inverters and the subsequent impact on the levelized cost of energy. We are seeing a growing number of larger, Utility scale projects as the solar market continues its expansion," said Dr. Hans Betz, chief executive officer.

Operating income grew to $24.4 million or 17.7% of revenue, the 8th consecutive quarter of improved operating results. This continued strength was the result of our aggressive management of operating expenses as we continue to refine our strategic business units. Net income from continuing operations was $18.8 million or $0.43 per diluted share, compared to net income from continuing operations of $19.7 million or $0.45 per diluted share in the fourth quarter of 2010. This decline was due to an increase in the company's effective tax rate to 25% in the first quarter of 2011 from 19% in the fourth quarter of 2010.

Bookings for the first quarter were $184.0 million, compared to $83.2 million in the first quarter of 2010.

Thin Films Business Unit

Renewables Business Unit

Second Quarter 2011 Guidance

• Sales of $148 million to $160 million
• Earnings per share of $0.36 to $0.44

First Quarter 2011 Conference Call

About Advanced Energy

Forward-Looking Language

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Advanced Energy to Report Fourth Quarter 2010 and Full-Year Financial Results on February 15 before Market Open

FORT COLLINS, Colo., January 31, 2011—Advanced Energy Industries, Inc. (Nasdaq:AEIS) will release fourth quarter and full-year 2010 financial results after market on Monday, February 14, 2011. Management's quarterly company update will be held on February 15, 2011, beginning at 6:30 a.m. Mountain Time / 8:30 a.m. Eastern Time.

To participate in the live conference call, please dial 866-783-2137 approximately five minutes prior to the start of the meeting, and an operator will connect you. International participants can dial 857-350-1596. Participants will need to provide the operator with the conference pass code, 67334137, which has been reserved for this call.

A live and archived webcast of the call will also be available on the company's website. To access the webcast, please visit the Investor Relations section of Advanced Energy's corporate website at ir.advanced-energy.com, and link to the Q4 2010 Webcast on the Investor Relations Home Page. The archived webcast will be available at the same location approximately two hours following the end of the live event.

A telephone replay will also be available for 14 days following the webcast. To access the replay, dial 888-286-8010 or 617-801-6888 and enter pass code 61436573.

About Advanced Energy

Advanced Energy is a global leader in innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation. Advanced Energy is headquartered in Fort Collins, Colorado, with dedicated support and service locations around the world. For more information, go to www.advanced-energy.com.

For more information, contact:

Advanced Energy Launches New Power Conversion Solutions at SEMICON Korea 2011

New Products Address Next-Generation Requirements for Thin-Film Manufacturing in the Sub-32 nm Era

SEOUL, Korea, January 26, 2011—Advanced Energy Industries, Inc. (Nasdaq: AEIS), a leader in power conversion solutions, announced today that it will showcase its innovative new products, the Paramount^® Series of power generators, and the Navigator^® II matching network, at SEMICON Korea 2011. The show, one of Asia’s largest technology events, is scheduled for January 26-28 in Seoul, Korea.