Advance Energy Expands for Solar and Wind Farm Manufacturing

Advance Energy Solutions, Inc has purchased an old water plant facility in Ridgeway, Virginia with the intention of converting the space into a control panel assembly plant. The control panels belong to their Solar and Wind Farm equipment which services manufacturers and developers in Virginia and North Carolina.

Advance Energy focuses their research and development on creating smart grid solutions, energy monitoring systems, and micro-grid integrators for solar and wind farms. They partner with Sunstream to provide portable solar panels for instant charging of outdoor recreational devices and cell phones while hiking, boating, fishing or camping.

Their new location will allow them the opportunity to expand their research and development on their solar and wind control panels as well as other upcoming projects. The proximity to Virginia Tech’s Electrical Engineering Department will open them up to using the student talent to help grow their operations and expand their clean energy development.

Are you developing new technology? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Recent Posts