<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:ns2="http://www.sec.gov/edgar/common">
    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001421764</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0000927003</issuerCik>
            <issuerName>ADVANCED ENERGY INDUSTRIES, INC.</issuerName>
            <secFileNumber>000-26966</secFileNumber>
            <issuerAddress>
                <ns2:street1>1595 WYNKOOP STREET, SUITE 800</ns2:street1>
                <ns2:city>DENVER</ns2:city>
                <ns2:stateOrCountry>CO</ns2:stateOrCountry>
                <ns2:zipCode>80202</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>(970) 407-6626</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>PAUL OLDHAM</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>E*TRADE FINANCIAL CORPORATION</name>
                <address>
                    <ns2:street1>3 EDISON DRIVE</ns2:street1>
                    <ns2:city>ALPHARETTA</ns2:city>
                    <ns2:stateOrCountry>GA</ns2:stateOrCountry>
                    <ns2:zipCode>30005</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>3837</noOfUnitsSold>
            <aggregateMarketValue>383700.00</aggregateMarketValue>
            <noOfUnitsOutstanding>37533745</noOfUnitsOutstanding>
            <approxSaleDate>05/26/2023</approxSaleDate>
            <securitiesExchangeName>NASD</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>COMMON</securitiesClassTitle>
            <acquiredDate>03/03/2021</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted Stock</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>1351</amountOfSecuritiesAcquired>
            <paymentDate>03/03/2021</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>COMMON</securitiesClassTitle>
            <acquiredDate>05/02/2021</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted Stock</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>796</amountOfSecuritiesAcquired>
            <paymentDate>05/02/2021</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>COMMON</securitiesClassTitle>
            <acquiredDate>02/22/2021</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted Stock</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>1690</amountOfSecuritiesAcquired>
            <paymentDate>02/22/2021</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>05/26/2023</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>12/15/2022</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ Paul R Oldham</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
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144
0001421764
XXXXXXXX
LIVE
0000927003
ADVANCED ENERGY INDUSTRIES, INC.
000-26966
1595 WYNKOOP STREET, SUITE 800
DENVER
CO
80202
(970) 407-6626
PAUL OLDHAM
Officer
Common
E*TRADE FINANCIAL CORPORATION
3 EDISON DRIVE
ALPHARETTA
GA
30005
3837
383700.00
37533745
05/26/2023
NASD
COMMON
03/03/2021
Restricted Stock
ISSUER
N
1351
03/03/2021
Not Applicable
COMMON
05/02/2021
Restricted Stock
ISSUER
N
796
05/02/2021
Not Applicable
COMMON
02/22/2021
Restricted Stock
ISSUER
N
1690
02/22/2021
Not Applicable
Y
05/26/2023
12/15/2022
/s/ Paul R Oldham