island off theWest African coast. And it was
chosen by the Concurrent Technologies
Corporation in July to design the first fleet
of bidirectional electric vehicle charging
stations at the LosAngelesAir ForceBase.
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 handlewhat 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
wherewe are now.”
AT A GLANCE
WHO:
Princeton Power Systems
WHAT:
Designer and manufacturer of state-of-the-art
technology solutions for energy management,
micro-grid operations and electric vehicle
charging with customers/partners in
North America, Europe, Africa and the
Caribbean
WHERE:
Headquarters in Lawrenceville, N.J.; Sales office
in Boston, field support office in San Francisco
WEBSITE:
July-August 2014
| BusinessWorld | 141
