Magnetek Inc. (Chatsworth, CA), a manufacturer of power conditioners for commercial fuel cells, announced that it is reorganizing the operating structure to accelerate growth in alternative energy markets. Magnetek's Power Electronics Group (Valdarno, Italy) and its Power Control Systems Group (Milwaukee, WI) developed the new inverters.
The new inverter products, together with the company's existing fuel cell power conditioners, will be consolidated into a separate Alternative Energy Group. Engineering, manufacturing and technical sales divisions will continue in Valdarno and Milwaukee, and expand into Magnetek's 180,000 ft² facility in Shenzhen, China. Alternative Energy Group management will be centralized in Los Angeles. Additionally, Stephen Torres was appointed as the Executive Vice President of the corporation, and is responsible for strategizing and guiding the development of the Alternative Energy Group as its President and General Manager.
"Alternative energy products currently account for less than 5% of our quarter-billion-dollar annual revenue," said Magnetek Chief Executive Andrew Galef. "But that revenue has the potential to increase exponentially over the next few years, based on double-digit growth rates in alternative energy markets and proprietary power conversion products that we are now introducing for solar and wind power markets."
