Launches 125 kW System, the Industry’s First Complete Utility Grade Solar PV Solution for Large Scale Solar Power Plants
BOSTON--(BUSINESS WIRE)--Satcon Technology Corporation® (NASDAQ CM: SATC), a leading provider of utility scale power solutions for the renewable energy market, today announced the Satcon™ Solstice™ system solution is now available in Europe, following the successful launch of the solution in North America in the fall of 2009.
Satcon Solstice delivers fine grained power harvesting and control with advanced utility ready grid interconnection. Its unique design boosts total power production by 5-12 percent over designs using standard inverters, while simultaneously reducing the overall system material costs by 20-25 percent.
“Satcon Solstice sets a new standard for large scale, utility class solar PV power production, delivering significant performance gains, improved system safety and reliability,” said Steve Rhoades, Satcon’s President and Chief Executive Officer. “By addressing the performance of the entire system, Solstice offers a highly optimized energy harvest architecture and combines it with advanced grid interconnection and utility control capabilities.”
The latest solution in a suite of leading solar PV inverter technologies, Solstice is the next generation of solar PV 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, 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 power plant. Solstice will also be the company’s first solution released with the full suite of unique utility control features and functionality.
“Solstice represents the next generation of advanced control capabilities that will enable utilities to leverage their solar installations as proper dispatchable assets on the grid,” said Dr. Leo Casey, Satcon’s Chief Technology Officer. “To date, improvements in throughput efficiency have been modest incremental gains. With Solstice, traditional losses from shading, soiling and panel mismatch are virtually eliminated. Solstice is a critical link in the integration of large scale solar onto today’s utility grid network.”
To learn more, please visit our booth at Intersolar in Munich on June 9-11, Hall B4, Booth 270 or visit our website at http://www.satcon.com/pv_inverters/solstice.html
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 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
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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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Contacts
Satcon Technology Corporation
Michael Levi, 949-201-5955
Senior Director of Worldwide Marketing
michael.levi@satcon.com