Xtreme Power Inc., developer and manufacturer of Dynamic Power Resource digital power management and energy storage equipment has promoted Alan J. Gotcher, Ph.D., to president, CEO, and a member of Xtreme Power’s board of directors. Company co-founder and former CEO Carlos Coe, Ph.D., will now serve as chairman of the company’s board, a position that lets Coe focus on guiding strategic initiatives as the company expands its global market share.
Gotcher joined Xtreme Power in 2011 as chief technology officer. He brings to the company more than 25 years of C-level experience in prominent materials science organizations, including energy storage and power product manufacturer Altair Nanotechnologies Inc., (Nasdaq: ALTI) where he served as president & CEO. Gotcher will continue in his role as CTO at Xtreme Power while the company seeks a successor.
Xtreme Power’s Dynamic Power Resource technology is a complete real-time power management and energy storage system that manages existing power resources and puts renewable energy into the electric grid. Among the company’s commercial projects in operation and in development are multiple installations integrating renewable resources onto the grid, including the world’s largest storage-integrated wind farm in partnership with Duke Energy.
“To date, the company has secured more than $90 million in contracts from leading renewable developers and utilities around the world, and we are confident our new executive team structure will secure Xtreme Power’s long-term market leadership,” says Pat Wood, Xtreme Power board member and former FERC chairman.
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