Satcon Named the World’s Second Largest Provider of Utility-Scale Inverters by IMS Research

Satcon Technology Corporation® (NASDAQ CM: SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market, announced today that it has achieved the second largest share in the worldwide utility-scale inverter market for 2010.

Based upon the results from IMS Research’s recently released World Market for Photovoltaic Inverters 2011 (4th Edition) and its Q1 2011 PV Inverter Quarterly Market Tracker, Satcon has obtained commanding positions within the North American and Asian markets, and has successfully achieved significant growth in Europe.

“Satcon demonstrated significant worldwide gains in 2010,” said Ash Sharma, Research Director at IMS Research. “It was one of the biggest market share gainers of all non-European inverter suppliers in the year and shows a significant increase in worldwide market share as well as year over year growth.”

Satcon’s successful growth continues into 2011, as reflected in its May 23, 2011 announcement of Satcon obtaining the number one market share position in total megawatts shipped for Q1 2011 in the Americas, and the number two market share position in China and the rest of Asia.

“2010 was a marquee year for Satcon in which we achieved record bookings of over 1.1 gigawatts of our utility-ready solar inverter solutions,” said Steve Rhoades, Satcon's President and Chief Executive Officer. “Our focus over the past three years has been to build a world class global organization. Our continued dedication to product innovation and operational excellence, combined with the industry’s most widely deployed and proven utility scale solar technologies, is now the foundation for our successful growth in all three of the world’s major solar markets.”

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 IMS Research – Photovoltaics

IMS Research is a leading independent supplier of market research and consultancy to the global electronics industry, offering syndicated market studies, bespoke research and consultancy services. The company is one of the most respected commentators in the renewable energy field, with a particular expertise in the PV (solar) market. We currently have seven analysts and a 10-person research team dedicated to researching the PV market. We now offer over 25 reports and cover every aspect of the supply chain from polysilicon supply to PV modules, inverters and PV system integrators. [e-mail]; www.pvmarketresearch.com

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