| 2001 |
May: |
PPS co-founders, including Darren Hammell and Erik Limpaecher, win the Princeton University Business Plan Competition |
|
June: |
Princeton Power Systems, Inc. is incorporated |
|
June: |
PPS receives angel investment from renown entrepreneur Dr. Greg Olsen |
| 2003 |
Sept: |
PPS awarded contract to develop innovative motor-control grid-tied solar inverter for commercial customers |
| 2004 |
Nov: |
PPS secures state of New Jersey Economic Development Authority Grant |
| 2005 |
March: |
PPS obtains U.S. Navy Multi-Megawatt Active Transformer Development Contract |
|
Aug: |
PPS CEO, Darren Hammell, Named to NJBIZ “40 Under 40” Business Leaders and Red Herring’s “20 Outstanding Entrepreneurs Under 35” |
|
Nov: |
PPS Named NJTC 2005 Early Stage Company of the Year |
| 2006 |
July: |
New Jersey Board of Public Utilities funds PPS R&D project for commercial solar inverters |
| 2007 |
Jan: |
PPS obtains NASA Contract for Highly-Compact Satellite Power Converters |
|
June: |
PPS installs first photovoltaic solar array on the Princeton University Campus |
|
Sept: |
PPS selected for Stage 1 Contract under US DOE SEGIS (Solar Energy Grid Integration Systems) Program to develop and advanced Demand Response Inverter |
|
Nov: |
PPS installs Hybrid Solar, Wind and Battery System in Bermuda for the Island Utility (BELCO) |
| 2008 |
July: |
PPS is awarded a patent for VAR control |
|
Sept: |
PPS is awarded the Business Employment Incentive Program grant by the NJ EDA to grow “green” manufacturing jobs in New Jersey |
| 2009 |
March: |
PPS appoints Dr. Marshall Cohen as President and CEO and Steve Blake, PE, as COO and Executive Vice President of Engineering |
|
April: |
PPS wins “Green Product of the Year” Award from the NJTC |
|
May: |
PPS achieves UL 1741 listing for 100 kW Grid-tied Inverter for Solar, Wind, Battery, and Microgrid applications |
