SATC Satcon Technology Corp. (MM)

Satcon Technology Corporation® (NASDAQ CM: SATC), a leading provider of utility grade power conversion solutions for the renewable energy market, today announced that they have been selected by Sustainable Energy Generation Group (SEG) for a 1.2 megawatt (MW) solar power station at a water treatment facility in Kent County, Delaware. The American Recovery and Reinvestment Act (ARRA) funded project will be the first commercial side by side installation of Satcon’s PowerGate® Plus and Solstice solutions.

The 1.2 MW site will deploy six of Satcon’s PowerGate Plus solar PV inverters, the world’s most widely deployed large-scale, utility-ready solution with over 800 MW sold since its introduction in 2002, along with six Satcon’s Solstice® systems, the industry’s first complete power-harvesting and array management solution for large-scale commercial and utility-scale solar power plants. SEG will install 5,850 poly-crystalline silicon based solar modules and the total plant is expected to produce 1.4gWh of clean energy annually, avoiding the release of over 4,000 lbs of nitrogen oxides and sulfur dioxide, as well as 1.4 million lbs of carbon dioxide, from a fossil fuel plant of the same size.

“The Kent County Water Treatment project has given us the ability to showcase the state of the art in solar technologies,” said Pierre D’Amours, President and COO of SEG Group. “Satcon has been a close partner of SEG for many years. Solstice is a giant leap forward for large scale solar system innovation, enabling us to significantly increase overall system power production while gaining system design flexibility. We are excited to be the first commercial site to demonstrate the performance enhancements in order to provide Kent County taxpayers with a greener footprint, income through the sale of Renewable Energy Credits (REC), and a full scale demonstration of the new technologies now available to help make large scale solar real.”

Introduced in 2009, Solstice leverages string level power conversion and energy harvest optimization that is integrated as a complete system with a highly optimized centralized inverter. Solstice increases the overall energy yield of solar installations by 5-12% while at the same time reducing the other balance of system material costs by 20- 25% compared to a centralized inverter system.

“SEG continues to deliver some of the world’s most progressive utility-scale solar power plants,” said Dr. Leo Casey, Vice President and Chief Technology Officer of Satcon Technology. “The Kent County project will enable us to develop a side by side installation together where we can clearly see the performance differences of the two technologies in the same conditions. We are excited to partner with them on this exciting project that will demonstrate the next generation of solar power technologies.”

About Satcon

Satcon Technology Corporation is the leading provider of utility scale power solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 25 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

About Sustainable Energy Generation Group, LLC

SEG specializes in energy engineering and developing renewable energy solutions. For over 20 years, SEG team members have conducted extensive research and completed projects for many public and private entities, developers, international and local authorities, and energy consumers around the world. To learn more about SEG, please visit www.segeneration.com

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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 Quarterly Report on Form 10-Q 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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