Launches the Industry's First Complete Power Harvesting and Management Solution for Utility Class Solar Power Plants
ANAHEIM, Calif. -- (BUSINESS WIRE) --
Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale power solutions for the renewable energy market, today announced the general availability of Satcon Solstice®, the industry's first complete utility grade solar PV solution for large scale solar power plants.
Satcon Solstice revolutionizes energy production, while utilizing traditional solar design. It delivers fine grained power harvesting and control with advanced utility ready grid interconnection, and will boost total power production by 5-12 percent over designs using standard inverters while at the same time reduce overall system material costs.
"Satcon Solstice sets the new standard for large scale, utility class solar PV power production." said Steve Rhoades, Chief Executive Officer of Satcon. "By addressing the performance of the entire system, Solstice introduces a highly optimized energy harvest architecture and combines it with advanced grid interconnection and utility control capabilities. This delivers significant performance gains, improved system safety and reliability, and an overall reduction in balance of system costs."
Building on Satcon's leading solar PV inverter technologies, SolsticeTM is the next generation of solar PV power harvesting. It is the industry's first complete power conversion system, utilizing our next generation inverter and unique subcombiners, called SSBs, which are populated with Satcon's proprietary dc to dc power converters. The fine grained harvesting of each panel string provided by the dc to dc conversion stage, coupled with a highly efficient inverter design, insures the Solstice platform will deliver more power over the lifetime of the pv system, while lowering the overall installed cost of the of the power plant. SolsticeTM will also be the company's first solution released with the full suite of utility features and functionality designed by Satcon, that among many benefits, enable the role of the inverter in the Smart Grid.
"Solstice represents the next generation of solar power production and is a critical link in the integration of large scale solar onto today's utility grid network," said Dr. Leo Casey, Chief Technology Officer of Satcon. "Traditionally, designers have been chasing fractional improvements in throughput efficiency out of their power plants. With Solstice, traditional losses from shading, soiling and panel mismatch are virtually eliminated, and we see power production gains that range from 5-12%. Solstice also introduces the next generation of advanced control capabilities that will enable utilities to leverage their solar installations as proper dispatachable assets on the grid."
Satcon Solstice is now available North America and will be available in Europe and Asia in the first half of 2010. For more information, please visit http://www.satcon.com/pv_inverters/solstice.html
About Satcon
Satcon Technology Corporation is the 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 24 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.
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.
CONTACT:
Satcon Technology Corporation
Senior Director of Worldwide Marketing
Michael Levi, 949-201-5955
michael.levi@satcon.com
or
Investor Relations Manager
Leah Gibson, 617-897-2400
leah.gibson@Satcon.com