Corporate

About Advanced Energy

Located in Raleigh, N.C., Advanced Energy is a North Carolina and global resource that focuses on energy efficiency for commercial and industrial markets, electric motors and drives, plug-in transportation and applied building science. Our facility houses state-of-the-art laboratories, where we perform testing and applied research in all of these evolving disciplines.

Mission

Advanced Energy creates economic, environmental and societal benefits through innovative and market-based approaches to energy issues.

For utilities, this means developing programs and services to benefit their customers. For industries, it means testing new equipment, helping develop new products and improving manufacturing processes. For the building industry, we help builders, developers and mechanical contractors improve homes, their industry and commercial buildings. For North Carolina's ratepayers, we offer cleaner energy options and energy savings.

Vision

Advanced Energy is committed to a future in which energy needs are met at reasonable costs and with the least negative consequences.

Company History

Advanced Energy — formerly called Alternative Energy Corporation, or AEC — was founded in 1980 by the N.C. Utilities Commission to investigate and implement new technologies for distributed generation, load management, conservation and energy efficiency.

The company was set up and still operates to work with member utilities on energy efficiency and conservation projects. Our North Carolina member utilities are Progress Energy [formerly Carolina Power & Light (CP&L)], Duke Energy, Nantahala Power & Light Company, North Carolina Electric Membership Corporation and Dominion North Carolina Power.

Advanced Energy is an independent non-profit corporation that is governed by a Board of Directors appointed by the governor of North Carolina and the member utilities.

In addition to creating means for sustainable energy-efficient economic development for the ratepayers of North Carolina, Advanced Energy operates as a fee-for-service consultant to clients nationally and internationally. We have built the company on a foundation of expertise and achievement in the areas of applied building science, motors and drives testing, and industrial process technologies.

VALUES

Impact. We have direct impact on every community in the places where people live, work and play. Our passion is to stimulate markets with innovative technologies and ideas, to offer solutions, and to bring transformation and viability to the marketplace, enriching the lives of many. Impatient with status quo and complacency, we boldly meet challenge with an attitude of successful change and opportunity.

Integrity. We commit ourselves to maintaining the highest level of uncompromising integrity. Our work relationships are anchored in mutual trust — a result of consistently and completely fulfilling commitments. We set aggressive performance standards and are accountable in all that we do. By communicating openly and surpassing all customer expectations, we are trusted partners that have earned the faith and trust of everyone with whom we have a relationship.

Individuals. We value individual contributions as much as we prize the synergy of teamwork. The diversity of each individual as he or she contributes talents and judgment to the group strengthens the whole. We nurture professional growth, creativity and innovation in an enriching and empowering environment. We celebrate success and recognize high achievement.

Interdependence. We insist on the maximum benefit for all in every relationship. We deem others as potential collaborators, rather than competitors, and vigorously pursue such relationships within and across functional and geographical boundaries. As we reach out to the world, we offer the greatest good by working in alliances and affiliations. For all of us — our clients, our stakeholders and ourselves — this means partnership for successful change.

Innovation. We get excited about solving problems that no one else has solved. We embrace new ideas and new ways of thinking. We have a pioneering spirit to find solutions with real world possibilities. We always look for new and better ways of doing things.