Power-One Opens First U.S. Factory To Make Inverters, Turn Renewables To Grid Ready Electricity

Power-One, Inc. (NASDAQ:PWER) — a large manufacturer of power inverters for the renewable energy industry and provider of software to manage power harvesting and distribution — opened its first North American manufacturing facility in Phoenix today, where they plan to employ 350 people full-time. According to a company press statement, the facility will primarily produce photovoltaic and wind inverters that convert renewable energy into a usable form of electricity for distribution on the utility grid. The chief executive of Power-One, Richard J. Thompson, explained ahead of the facility's opening ceremony on Monday...