Satcon Technology Corp. (MM) (NASDAQ:SATC)
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SatCon Technology Corporation® (Nasdaq CM:
SATC), a developer of power management and system architecture solutions
for the alternative energy and distributed power markets today announced
that its PowerGate® commercial grade inverters
have been installed as an integral part of a SolarCraft installed 1.1
Megawatt solar energy system at Paramount Farms, Inc., the world’s
largest vertically integrated supplier of pistachios and almonds. The
installation, located in California's San Joaquin Valley, spans 8 acres
and is reportedly one of the largest single-site, privately-owned solar
energy systems in the United States. This solar system enables Paramount
Farms to generate enough clean electricity each day to power 300 average
homes. The new system will spare the air nearly 2,600 tons of harmful
greenhouse gases annually. Over the next 30 years, the air pollution
saved will be equivalent to driving over 176 million miles.
SolarCraft, experts in solar system design and installation, was
responsible for the design and construction of the Paramount Farms
system. With over 4,000 commercial and residential installations to its
credit, SolarCraft has installed more solar energy systems than any
other company in California’s North Bay.
SolarCraft installs over 200 solar energy systems per year.
“SolarCraft selected SatCon for this job
because we have had a great deal of success at many other commercial
installations with this inverter brand.”
stated Chris Bunas, Vice President of SolarCraft’s
Solar Electric Division. “SatCon has become
our main choice for commercial inverters because of their high
performance, ease of installation and smaller overall packaging. So far,
the two 500 kW inverters at Paramount Farms have been performing beyond
expectations.”
SatCon’s PowerGate®
Inverter series, ranging from 30 kW to 500 kW, continues to gain
acceptance as the Photovoltaic Inverter system of choice. SatCon has
delivered over 15MW of commercial grade inverters this calendar year and
is experiencing significant demand for its inverter products.
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.