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 Google’s
corporate headquarters in Mountain View, California. The 1.6MW system is
the largest commercial photovoltaic system in the United States.
Sharp provided 9,212 208-watt modules for the project, which was
designed and installed by EI Solutions of San Rafael, California. SatCon’s
PowerGate® high-efficiency inverters are a
critical component of the system, converting the sun’s
energy produced by the photovoltaic panels into alternating current
electricity that is used to power the facility. To date, SatCon has
shipped more than 50 MW of its industry leading commercial grade
inverters in North America.
The new system will spare the air nearly 3,637,627 lbs/year of harmful
greenhouse gases annually. Over the next 30 years, the carbon dioxide
reduction will be equivalent to eliminating over 128 million car driving
miles.
About PowerGateTM
Inverters
PowerGateTM inverters are designed for use with
alternative energy power systems to generate distributed electrical
power. Distributed, alternative energy power generation is a growing
trend toward the production of clean, reliable power at the point of
use. Alternative energy systems can alleviate congestion on highly
loaded utility electrical distribution networks and offer an alternative
to power line extensions in remote areas. Many alternative energy power
systems require high-power, high-reliability inverters and controls to
convert the power generated to useable AC power compatible with the
electric power grid.
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.