Satcon Technology Corp. (MM) (NASDAQ:SATC)
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Satcon (NASDAQ CM: SATC), a leading provider of utility scale
distributed power solutions for the renewable energy market, announced
today that they are taking orders for their PowerGate™Plus
1 megawatt (MW) commercial PV inverter system, designed with advanced
features for large scale utility installations.
“It is exciting to see the industry move
toward larger scale projects,” said Tobin
Booth, Chief Executive Officer of Blue Oak Energy. “The
demand for utility grade installations is increasing at a rapid pace and
systems of this size and scale require higher levels of efficiency and
overall performance. With the addition of the 1 megawatt PowerGate Plus
unit, Satcon continues to deliver the next generation of solutions for
these large projects.”
Satcon’s 1 MW PowerGate™
Plus is delivered as a fully integrated power conditioning system for
rapid and reliable installation. Based on the company’s
installed and proven line of 1.2 MW and 2.4 MW fuel cell inverters, the
1 MW PV inverter solution is designed from the ground up to maximize the
energy from the solar array and to ensure maximum energy delivery over
much longer distances typical for large-area array systems. All PowerGate™
Plus solutions leverage Edge™, Satcon’s
next generation MPPT solution to optimize the power production window
and significantly boost a solar PV plant kilowatt yield.
“Our PowerGate Plus 1 megawatt system will
set the new standard for output efficiency and quality in the power
conditioning industry,” said Dr. Leo Casey,
Satcon’s Chief Technology Officer. “We
worked closely with our customers and partners to engineer our solutions
with the intelligence and advanced control capabilities required to
manage large scale, utility grade solar energy production.”
Delivery for the PowerGate™ Plus 1 MW units
will begin in the first quarter of 2009.
About Satcon
Satcon Technology Corporation is a leading provider of utility scale
distributed power solutions for the renewable energy market, enabling
the industry’s most advanced reliable and
proven clean energy alternatives. For over 22 years, Satcon has designed
and delivered the next generation of efficient energy systems for solar
photovoltaic, stationary fuel cells, wind-turbines, and energy storage
systems. To learn more about Satcon, please visit www.Satcon.com.
About Blue Oak Energy
Blue Oak Energy, Inc. is one of the premier solar
electric design and engineering firms in the United States. Blue Oak
Energy is focused on providing products and services to support
commercial-scale photovoltaic
(PV) energy production.
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.