Satcon Technology Corp. (MM) (NASDAQ:SATC)
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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 will be presenting at the Electricity
Storage Association Annual Meeting being held in Boston, MA this week.
The title of the presentation is “Utility-Interactive
Uninterruptible Power System for Private "Island" Grids”.
“Alternative Energy Sources are not generally
suitable as stand alone power sources, operating independent of the
Grid, but need to be matched to an appropriate form of energy storage
before they can act to power an Island or MicroGrid. The storage is used
to level the load for sources that are constant such as Fuel Cells, or
to store excess energy and time shift the energy for intermittent or
time-varying sources such as PV or Wind,” said
Dr. Leo Casey, SatCon’s Chief Technology
Officer. “We have a long history of powering
private Islands or MicroGrids, and connecting and disconnecting these
islands from the Grid. Our continued work combines that background with
our experience with Utility scale Alternative Energy and Energy Storage
Inverters and Systems and our background in large facility backup power
systems to enhance security and reliability of the MicroGrid and to
improve power quality. The result is the ability to transform
Distributed Generation sources which are of limited value in Grid outage
situations, by coupling them with appropriate storage and transfer
switching, to create robust MicroGrids based on Alternative Energy
sources that can separate from the Grid and operate as a stable power
island.”
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.