Satcon Announces Three Year, 330 MW Agreement with Ecostream
07 April 2009 - 10:56PM
Business Wire
Satcon Technology Corporation (NASDAQ CM: SATC), a leading
provider of utility scale distributed power solutions for the
renewable energy market, announced today that it has signed a
master supply agreement with Ecostream, one of the world�s leading
sustainable energy system providers. Under this agreement, Satcon
will provide Ecostream, part of sustainable energy company
Econcern, with 330 megawatts of its industry leading renewable
energy conversion solutions, including the PowerGate Plus line of
solar PV inverters.
Ecostream�s commitment to developing sustainable energy systems
with a long-term high return on investment will be supported by
Satcon�s highly optimized PowerGate Plus solar PV inverters, which
boost system power production and maximize the overall
profitability of commercial and utility-scale solar PV systems.
Satcon offers the industry�s most advanced renewable energy
conversion platform and has delivered thousands of commercial and
utility installations - cumulating millions of hours of highly
reliable grid-connected power delivery.
�In order to generate the greatest long-term value and return on
investment for our customers, we must deliver the highest quality
turn-key systems, built with industry leading technology,� said
Steven Pleging, managing director of Ecostream. �Our partnership
with Satcon will provide us with solutions that will increase total
system performance through a combination of advanced capabilities,
industry leading efficiency, and field tested reliability.�
With 11 power ratings ranging from 30 kW to 1 MW (UL and CE
certified), Satcon offers the most field-tested and proven utility
ready power conditioning systems in the industry. Engineered from
the ground up to meet the demands of large-scale installations,
Satcon PV inverters feature an outdoor-rated enclosure, advanced
monitoring and control capabilities, and Edge�, Satcon�s
next-generation MPPT solution.
�We believe strongly in Ecostream�s mission of �a sustainable
energy supply for everyone,�� said Steve Rhoades, Satcon�s
President and Chief Executive Officer. �Ecostream is a true
innovator in the advancement of reliable and renewable energy
worldwide. Satcon is honored to be chosen as a key partner for
their renewable energy projects around the world.�
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.
About Ecostream (www.ecostream.com)
Ecostream is one of the leading suppliers of customised,
ready-to-use solar power systems that secure high financial returns
on a long term basis. With many years of experience in the use of
renewable energy, Ecostream offers high quality renewable energy
production and energy saving solutions for investors, businesses
and private home owners � worldwide. Systems range from
do-it-yourself packages to customized all-in-one concepts and
large-scale projects. Ecostream one of the five operating companies
of Econcern.
About Econcern (www.econcern.com)
Econcern�s mission is �a sustainable energy supply for
everyone�. Econcern consists of operating companies Ecofys, Evelop,
Ecostream, Ecoventures and OneCarbon. Together they deliver unique
projects, innovative products and services for a sustainable energy
supply. Econcern, which employs over 1,200 professionals in more
than 20 countries across the world, was ranked No. 234 in Business
Week�s top 500 listing of high-growth companies in Europe and has
won the �European Business of the Year Award 2008.
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.
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