Satcon Technology Corp. (MM) (NASDAQ:SATC)
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From Oct 2019 to Oct 2024
SatCon Technology Corporation® (Nasdaq CM:
SATC), a developer and supplier of power management and system
architecture solutions for the alternative energy and distributed power
markets today announced that it has recently joined The Green Grid as a
contributing member. The Green Grid is a consortium of information
technology companies and professionals seeking to lower the overall
consumption of power usage in data centers around the globe.
“As technology industry leaders like
SatCon continue to join our organization, we can more effectively
provide insight to data center managers to help them reduce power
consumption,” said Roger Tipley, a director of
The Green Grid. “We’re
pleased that companies like SatCon continue to join The Green Grid, as
power management solution providers are at the forefront of the effort
to help the industry meet the need for energy efficiency standards.”
"We are pleased to be a Contributor Member to The Green Grid," stated
Clemens van Zeyl, President of SatCon Power Systems. "Their focus on DC
power distribution is a good fit for us with our history of high-power
DC applications and their emphasis on energy efficiency is an excellent
complement to our renewable energy product portfolio."
SatCon, through its wholly owned Canadian subsidiary, was the first
company in the world to supply high-power DC power electronics using
IGBT power transistor technology. DC power distribution based on power
transistor technology is recognized for its high efficiency and power
quality, and is also a key feature in SatCon’s
alternative energy inverter products. To date, SatCon has supplied over
450 MW of high-power DC power distribution equipment utilizing IGBT
technology, more than any other company in the world.
SatCon’s PowerGate®
inverter brand is currently one of the leading inverter products for
large commercial fuel cell and photovoltaic applications in North
America. SatCon’s rigorous focus on power
management and overall efficiency is a significant reason why the
PowerGate® is one of the most efficient
inverter products available on the market.
“Our legacy of large, highly efficient power
systems has finally come around full circle," said Elbert L. McDaniel,
Vice President of Sales & Marketing for SatCon Power Systems. "SatCon is
truly one of the leaders in green power –
and we are very pleased that we can be a part of The Green Grid and
participate in their mission by applying our technology to one of the
fastest growing energy sectors – the data
center.”
About SatCon Technology Corporation
SatCon Technology Corporation is a developer and manufacturer of
electronics and generators/motors for the Renewable Energy,
Hybrid-Electric Vehicle, Grid Support, High Reliability Electronics and
Advanced Power Technology markets. For further information, please visit
the SatCon website at www.satcon.com.
(SATC-G)
Statements made in this document that are not historical facts or
which apply prospectively are forward-looking statements that involve
risks and uncertainties. These forward-looking statements are
identified by the use of terms and phrases such as “will,”
“intends,” “believes,”
“expects,” “plans,”
“anticipates” and
similar expressions. Investors should not rely on forward looking
statements because they are subject to a variety of risks and
uncertainties and other factors that could cause actual results to
differ materially from the Company’s
expectation. Additional information concerning risk factors is
contained from time to time in the Company’s
SEC filings. The Company expressly disclaims any obligation to
update the information contained in this release.