Princeton Power Systems - page 4

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Business View Magazine
68 Business View – October
Energy
vehicle charging stations at the Los Angeles Air
Force Base.
As for the future, Hammell anticipates more of
the innovative same.
A complete expansion of the production facility
was completed a few months ago and a detailed
product road map includes the completion of
prototypes for silicon carbide device technology by
the end of 2014. Hiring has been stepped up as
well, he said, as he seeks to assemble a high-end
team to handle what he expects to be a substantial
workload going forward.
“We see the markets for energy storage growing
really, really fast,” he said. “I think we’re going to reach
the production capacity of our current spot by the
end of this year, if not halfway through next year, so
we’re going to be looking at a couple new buildings.
And within the next two or three years, I think we’ll
go up 10 times from where we are now.”
Where he was just a few short years ago was a
Princeton classroom.
The company designs and manufactures
state-of-the-art technology solutions for energy
management, micro-grid operations and electric
vehicle-chargingwith customers andpartners across
North America, Europe, Africa and the Caribbean.
Its power electronics are used in advanced battery
operations and alternative energy, with built-in
smart functions for ancillary services.
It also builds customized integrated systems, and
designs, commissions and operates micro-grids,
and, in Hammell’s estimation, is already a fair bit
ahead of the industry’s Johnny-come-lately outfits.
“We’re two or three years ahead of competition
that’s out there,” Hammell said. “We’re doing things
that other people are only talking about.”
It’s a lot to get accomplished in 13 years, but if you
ask the former Ivy Leaguer, he’ll tell you the course
Energy
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