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, Solstice 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. Solstice 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.
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
Copyright Business Wire 2009
