Satcon Launches Equinox LC Inverters for the Light Commercial Solar Market
Expands Solution Portfolio to Include Several New Power Ratings of 98% Efficient Inverters for North America and International Markets
BOSTON--(BUSINESS WIRE)-- Satcon Technology Corporation (SATC) ® (NASDAQ CM: SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market, today announced that it is expanding its product portfolio to include best-in-class inverter solutions for the light commercial solar market segment with the launch of Equinox LC". The new product line will include four UL certified power ratings of 12kW, 16kW, 20kW and 24kW, and five CE certified power ratings of 8kW, 10kW, 13kW, 17kW, and 20kW. These lightweight, high efficiency inverters come in NEMA4/IP65 enclosures, and offer the industrys best Levelized Cost of Energy (LCOE) for the light commercial inverter market segment.
The Light Commercial sector has been one of the highest growth segments within the worldwide solar inverter market, said Ash Sharma, Senior Research Director for Photovoltaics at IMS Research. IMS Research forecasts shipments in this segment to reach almost 5 GW in 2012 and this inverter sector to grow to over $1.5 billion by 2015. The addition of Equinox LC to Satcons solution portfolio positions them to take advantage of the significant opportunities in this category.
Building on an industry leading product portfolio, Equinox LC strengthens Satcons offerings for commercial solar PV inverters by adding several new power ratings that meet the growing market demand for high efficiency, low cost, lightweight, highly reliable solutions. This new transformerless design incorporates the same industry leading system intelligence and advanced command and control capabilities that have made Satcons inverters the leader in the utility solar PV market.
With industry leading performance and design, Equinox LC is a very exciting product line to bring to the global light commercial solar PV market. said Pete DeGraff, Satcon's Executive Vice President of Worldwide Sales, Services and Marketing. As a leader in utility scale inverter solutions, with over 2 Gigawatts installed worldwide in the last four years, Satcon brings critical experience and industrial grade engineering to this high growth market segment.
Equinox LC joins the world's most widely-deployed large-scale solution portfolio including Satcon's industry-leading PowerGate® Plus, Equinox, Solstice and Prism Platform inverter families, and is now generally available worldwide.
Satcon Technology Corporation ® is the leading provider of utility-scale power conversion solutions for the renewable energy market, enabling the industrys 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.
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.
Satcon Technology Corporation
Michael Levi, 949-201-5955
Leah Gibson, 617-910-5155
Source: Satcon Technology CorporationCopyright Business Wire 2012