Satcon Named #1 Large-Scale Solar Inverter Supplier in North America
09 July 2012 - 11:00PM
Business Wire
Satcon Technology Corporation® (NASDAQ CM: SATC), a leading
provider of utility-scale power conversion solutions for the
renewable energy market, announced today that it has achieved the
number one position in the North American utility-scale solar
inverter market for 2011 for the second consecutive year.
Based upon the results from IMS Research’s (recently acquired by
IHS Inc. (NYSE:IHS) recently released World Market for Photovoltaic
Inverters 2012 (5th Edition), Satcon continues to be the leading
large scale inverter supplier in the America’s in 2011 in both the
utility-scale segment (100 kilowatts and greater) as well as the
large-scale commercial segment (36 kilowatts-250 kilowatts). In
addition, Satcon has increased its worldwide market share position
in the global three phase solar inverter segment from 8th to 4th in
2011.
“Despite the uncertainty and changes in energy policy, the
worldwide solar inverter market in 2011 grew by 17% in terms of
Gigawatts (GW) shipped, “said Ash Sharma, Research Director at IMS
Research. “Satcon demonstrated market share increases worldwide and
most notably in the Americas, where the deployment of utility-scale
segment revenues doubled from 2010.”
About Satcon
Satcon Technology Corporation® is the leading provider of
utility-scale power conversion solutions for the renewable energy
market, enabling the industry’s most advanced reliable and proven
clean energy alternatives. For over 27 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 IMS Research – Photovoltaics
IMS Research recently acquired by IHS Inc. is a leading
independent supplier of market research and consultancy to the
global electronics industry, offering syndicated market studies,
bespoke research and consultancy services. The company is one of
the most respected commentators in the renewable energy field, with
a particular expertise in the PV (solar) market. We currently have
nine analysts and a 15-person research team dedicated to
researching the PV market. We now offer over 25 reports and cover
every aspect of the supply chain from polysilicon supply to PV
modules, inverters and PV system integrators. PV@imsresearch.com;
www.pvmarketresearch.com
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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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