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Satcon Presents the 1 MW PowerGate® Plus at Intersolar Munich

2009-05-22 11:55
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Satcon 1 MW Solution Offers Largest Integrated Power Rating in the Industry

Europe at Intersolar 2009

BOSTON--(BUSINESS WIRE)--Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility-scale distributed power solutions for the renewable energy market, announced today the availability of the 1 MW PowerGate® Plus PV inverter, offering the largest power rating in the industry. The PowerGate Plus 1 MW unit is Satcon’s next generation of utility ready large scale solar power solutions and is built on a foundation of the world’s most field-tested and the proven PowerGate Plus inverter line.

The 1 MW PowerGate® Plus is an industry-first, offering all the benefits and advanced capabilities of the proven PowerGate® Plus 500 kW PV inverter including, utility-grade features like advanced monitoring and control capabilities, unparalleled performance, and an industrial grade outdoor-rated enclosure for extreme environmental conditions. The 1 MW PowerGate® Plus provides even more advanced performance optimization through a phased design approach to MPPT, enabling the 1 MW inverter to achieve enhanced performance, and reduce component wear and tear through tighter optimization. Designed for large-scale, utility grade installations, the 1 MW solution delivers the performance, reliability, and the uptime required to become an integral utility device.

“We worked very closely with our customers and partners to develop the 1 megawatt solution, which provides the intelligence and advanced control capabilities required to manage large-scale, utility grade solar energy production,” said Steve Rhoades, President and Chief Executive Officer of Satcon. “The delivery of the 1 megawatt is further evidence that Satcon continues to lead the industry by engineering the renewable energy power innovation that will enable the smart grid.”

“In addition to offering superior performance, control, and higher levels of efficiency, Satcon’s utility-grade solutions reduce the total cost of installation and improve the rate of return,” said Daniel Kunz, Chief Executive Officer, Energy 21. “They continue to be our partner-of-choice in meeting the environmental, performance and financial challenges faced by large-scale utilities.”

The 1 MW PowerGate® Plus will be presented in Europe at Intersolar 2009, in Munich, Germany from May 27-29. The system, introduced in September 2008, is now available for delivery.

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 23 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.

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.

 

Contacts

Satcon Technology Corporation
Alida Bangs, 510-226-3812
Media Relations
alida.bangs@satcon.com
or
Leah Gibson, 617-897-2400
Investor Relations Manager
leah.gibson@satcon.com