Satcon Selected by Southern Sky Renewable Energy and Gemma Renewable Power for 5 Megawatts in Massachusetts
Company to supply its Equinox 500kW utility-ready solar inverters for the largest ground mount PV installation on a landfill in Massachusetts
BOSTON--(BUSINESS WIRE)-- Satcon Technology Corporation® (NASDAQ CM: SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market, today announced that it has been selected by Southern Sky Renewable Energy and Gemma Renewable Power to supply 5 megawatts (MW) of its Equinox" solution, Satcons next generation solar inverter with 98.5 percent peak efficiency.
Built upon Satcon's (SATC) industry-leading PowerGate® Plus family, the worlds most widely-deployed large-scale PV inverter solutions, Equinox enhances system-wide energy harvest and solar plant yield, enabling the industry's highest return on investment (ROI). Equinox's advanced utility-ready features enable remote control of real and reactive power, low-voltage ride through and power factor control. The solution supports fast communications, allowing it to be easily integrated into SCADA systems through standardized communication interfaces.
With over 2.5 gigawatts (GW) of solar inverter solutions shipped, Satcon is powering many of the worlds largest and most advanced utility-scale solar farms. All Equinox solutions include EDGE Adaptive Control Architecture (ACA)", enabling instant voltage stabilization, frequency control, and dynamic grid support. EDGE ACA secures the continuous operation of the PV plant in the event of dynamic ground faults and achieves the performance guidelines set forth by the German Association of Energy and Water Industries (BDEW 2008 Grid Connection Standard).
This site is expected to be energized in the first half of 2012.
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.
About Southern Sky Renewable Energy
Southern Sky Renewable Energy LLC is a Boston, MA based utility-scale solar PV developer. To learn more about Southern Sky Renewable Energy LLC, please visit www.southernskyrenewable.com.
About Gemma Renewable Power
Gemma Renewable Power (GRP) is a nationally recognized Engineering, Procurement, and Construction (EPC) organization that specializes in the construction of renewable energy projects. The company has completed a range of utility scale wind and solar projects across the country. GRP is currently engaged in the construction of both wind and solar projects in western Illinois, Massachusetts and central Pennsylvania.
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, 617-910-5515
Source: Satcon Technology CorporationCopyright Business Wire 2012