SatCon Receives CEC Listing for Highest Efficiency Photovoltaic Inverters in the Industry
06 September 2005 - 11:01PM
Business Wire
SatCon Technology Corporation(R) (Nasdaq:SATC), a developer and
manufacturer of power electronics and motors for the alternative
energy markets, today announced that it has successfully listed
five additional PowerGate(TM) AE-PV Series utility-grade
photovoltaic inverter designs on the California Energy Commission's
(CEC) list of eligible inverters. With the approval of these models
by the CEC, SatCon now has the widest range of products available
and the most efficient inverters for commercial-scale photovoltaic
projects in North America. The CEC closely tests and monitors all
inverter products in an effort to ensure the integrity of the
State's incentive programs. The efficiency rating of the
PowerGate(TM) AE-PV 75kW and 135kW models tested and accepted was
95.5%, with peak efficiencies in excess of 96%. These are the
highest efficiency ratings that have been given to any of the 80+
photovoltaic inverters listed by the Commission -
http://www.consumerenergycenter.org/cgi-bin/eligible_inverters.cgi.
The efficiency values are important to purchasers of solar PV
systems as they are used to determine the amount of rebate
incentive available to the purchaser, and enable the owner/operator
to accurately calculate the payback of the total photovoltaic
system. "We are pleased with the performance of our PowerGate(TM)
products," stated Millard Firebaugh, SatCon's President and Chief
Operating Officer. "The tremendous efficiencies of this product
combined with its overall reliable performance have enabled us to
ship over 6 megawatts of commercial PV inverters so far this year,
with another 4 megawatts in the backlog. In addition, we have some
other exciting products in the R&D pipeline that will firmly
establish SatCon as the industry leader in the commercial PV
inverter market." The PowerGate(TM) Series inverters offer very
sophisticated software driven controls that allow the unit to
maximize the kWh exported. This software, coupled with a
proprietary design, enables the inverters to supply more power to
the electrical grid, shortening the payback cycle for the entire
photovoltaic power system. "With California leading the way in the
North American photovoltaic market, we are confident that we can
leverage this successful product introduction into the growing
grid-connected markets of New Jersey, New York, and elsewhere,"
commented Firebaugh. "This product line is the direct result of our
vast experience in power electronics which has allowed us to
improve our efficiencies and offer our customers a quicker payback
on their initial investment." The PowerGate(TM) AE-PV Series
inverter is a commercial-grade product available in 208, 240, and
480 volt models for grid-connected operation in low and medium
voltage applications as single unit and parallel multi-megawatt
systems. The PowerGate(TM) is a completely integrated package with
all electrical and control system components pre-assembled and
tested in a common enclosure. This minimizes installation time by
reducing field wiring and site testing and greatly reduces the
equipment footprint, while improving reliability of the system. The
PowerGate(TM) is available in power ratings from 30kW to 500kW, and
meets all requirements of UL1741 and IEEE1547. SatCon also designs
and builds inverters for fuel cells, wind turbines, plasma
incineration, and advanced energy storage applications. About
SatCon Technology Corporation SatCon Technology Corporation is a
developer and manufacturer of electronics and motors for the
Alternative Energy, Hybrid-Electric Vehicle, Grid Support, High
Reliability Electronics and Advanced Power Technology markets. For
further information, please visit the SatCon website at
http://www.satcon.com. Statements made in this document 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 "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. The Company expressly
disclaims any obligation to update the information contained in
this release.
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