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SATC Satcon Technology Corp. (MM)

0.4275
0.00 (0.00%)
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Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Satcon Technology Corp. (MM) NASDAQ:SATC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.4275 0 01:00:00

Satcon Chosen for Landmark 5 Megawatt Project by Arizona Western College

27/09/2011 1:30pm

Business Wire


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Satcon Technology Corporation® (NASDAQ CM: SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market, today announced that it has delivered five megawatts (MW) of its industry-leading PowerGate Plus and Solstice solutions to Arizona Western College to power a five megawatt installation distributed across the college campus.

The Yuma Arizona project will serve as a state of the art research and testing site for government and corporate solar applications. The installation consists of five distinct photovoltaic technologies including; mono crystalline, poly crystalline, low concentration, high concentration, and thin film.

This site utilizes a combination of Satcon’s PowerGate Plus and Solstice inverter solutions. PowerGate Plus is the world’s most widely deployed large-scale, Utility-Ready solution. Satcon Solstice leverages string level power conversion and energy harvest optimization that is integrated as a complete system with a highly optimized centralized inverter. All of Satcon’s solutions include advanced utility-ready features to enable simplified grid interconnection and can be easily integrated into SCADA systems through standardized communication interfaces.

This site will go live in October 2011 with an anticipated energy output of 10,500,000 kilowatt hours (kWh) of electricity per year, equivalent to the annual consumption of 879 households in Yuma Arizona.

About Satcon

Satcon Technology Corporation® is the leading provider of utility-scale power conversion solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 26 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, and energy storage systems. To learn more about Satcon, please visit www.Satcon.com.

About Arizona Western College

AWC is a public community college that offers over 90 programs of study ranging from professional development, certificates to associate and university transfer degrees. The main campus, one of 9, covers over 600 acres outside of Yuma. AWC serves two counties, an area of 10,000 square miles, and serves nearly 13,000 students annually.

The Arizona Western College campus has been a site of interest to the U.S. Department of Energy ever since it brought on line a 105.6 kilowatt rooftop array in 2009, which is not only used for classes locally but also available online at no cost to K-20 educators all over the world. Yuma’s unique climate – including an extremely high rate of solar irradiation, designation by the Guinness Book of World Records as the sunniest city on earth, with an annual sunshine rate of 90% – make this part of the country ideal for solar development .

Safe Harbor

Statements made in this press release 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, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release.

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1 Year Satcon Technology Corp. (MM) Chart

1 Month Satcon Technology Corp. (MM) Chart

1 Month Satcon Technology Corp. (MM) Chart