serves about 2.7 million people in 11 of Arizona’s 15 counties, and is the Southwest’s foremost producer of clean safe and reliable electricity. Using a balanced energy mix that is nearly 50 percent carbon-free, APS has one of the country’s most substantial renewable energy portfolios, and owns and operates the Palo Verde Generating Station, the country’s top power producer and largest producer of carbon-free energy. The company is also a proven leader in introducing technology and services that offer customers choice and control over their energy consumption. With headquarters in Phoenix, APS is the principal subsidiary of Pinnacle West Capital Corp
. (NYSE: PNW).
About First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced module and system technology. The company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar’s renewable energy systems protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the construction and operation of a 50MW solar-fueled battery by First Solar. These forward-looking statements are often identified by words such as "estimate," "predict," "may," "believe," "plan," "expect," "require," "intend," "assume" and similar words. Forward-looking statements are only predictions based on our current expectations and our projections about future events so you should not place undue reliance on these forward-looking statements. A number of known and unknown factors could cause future results, levels of activity, performance or achievements to differ materially from those expressed or implied by these statements. Discussions of some of these factors are contained in the "Risk Factors" and related sections of Pinnacle West's and First Solar's most recent Annual Reports on Form 10-K and their respective other periodic filings with the Securities Exchange Commission, which we urge you to review carefully. We assume no obligation to update any forward-looking statements, even if our internal expectations and projections change, except as may be required by applicable law.