Advanced Energy Industries Inc (Advanced Energy) designs, manufactures, sales, and supports precision power conversion, measurement, and control solutions for global customers. The company transforms raw electrical power from utilities or building facilities into highly controllable, usable power that is predictable, repeatable, and customizable. This enables customers to optimize energy consumption through increased power conversion efficiency, power density, power coupling, and process control across a wide range of applications.

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Advanced Energy performs research and development to create products that address new or emerging applications, make technological advances for higher performance and lower cost, and develop attributes expected to appeal to current or potential customers. The company invests substantial resources in developing new products and technologies, as well as enhancing existing products to meet evolving customer requirements. The focus of R&D efforts is on creating technologically advanced solutions that offer higher performance and lower costs, which are critical for competing in the markets served by Advanced Energy. Advanced Energy holds numerous US and foreign patents, with multiple patent applications pending across the US, Europe, and Asia. The company continues to develop proprietary technologies that are protected through these patents and trade secrets, ensuring a robust competitive position. In FY2025, Advanced Energy launched 26 new product platforms and numerous custom solutions, demonstrating a solid cadence of innovation. These advancements include technologies such as eVoSTM, eVerestTM, and NavXTM, which have been acknowledged by customers for improving yield and throughput in semiconductor applications. In FY2025, the company incurred expenses of US$232.4 million on R&D, which as a percentage of revenue, stood at 12.9%.