SatCon Receives over $2.8 Million in New Fuel Cell Inverter Orders

  
    
  
  
    
      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 it has received a purchase order in excess of $2.8 million for its 
      PowerGate® 
      inverters and electrical balance of plant equipment. The inverter power 
      system is for use on DFC1500MA™ megawatt-class 
      fuel cells designed and manufactured by FuelCell Energy, Inc. 
      (NasdaqNM:FCEL). The DFC1500MA™ fuel cell 
      currently has a nominal rating of 1.2 megawatts. Delivery of the 
      PowerGate inverters is scheduled over the next four to nine months.
    
    
      FCEL is a world leading developer, manufacturer and supplier of 
      ultra-clean fuel cell power plants that generate electricity with higher 
      efficiency than other distributed generation plants of similar size.
    
    
      “This order represents a clear sign that fuel 
      cell power plants are a commercial reality, and we are pleased to be 
      supporting FuelCell Energy with its commercialization program", said 
      Clemens van Zeyl, President of SatCon Power Systems. "SatCon is 
      committed to FuelCell Energy’s 
      commercialization program that includes continuous improvement in costs, 
      delivery and reliability through new packaging concepts, global sourcing 
      and manufacturing techniques.”
    
    
      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 power 
      systems utilizing power electronics, advanced controls and 
      generators/motors for the Alternative Energy, Power Delivery, 
      Hybrid-Electric Vehicle, and Grid Support markets. SatCon also develops 
      and manufactures High Reliability Electronics and Advanced Power 
      Technologies. 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 
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      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.