• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

SatCon to Develop the Next Generation of Distributed Renewable Energy Solutions

Posted on: Thursday, 14 August 2008, 09:01 CDT

SatCon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale distributed power solutions for the renewable energy market, is a key member of a team of best-in-class clean energy industry leaders recently awarded the Solar Energy Grid Integration Systems (SEGIS) contract by Sandia National Laboratories.

The project, led by the Florida Solar Energy Center (FSEC), is focused on developing the next generation of clean energy technologies required to increase the usage of photovoltaic (PV) systems into the energy network. The goal of the project is to create efficient and sustainable growth through advances in technology and expanding the usage of solar generated energy, while at the same time improving the power quality and reliability of the overall utility grid.

SEGIS recognizes advanced utility scale solar inverters as the core enabling technology for the growth of large-scale distribution systems. The SEGIS project partners industry leaders who have demonstrated the capacity to define and deliver the future of advanced inverters, controllers, and other balance-of-system components for PV distributed power applications.

"SatCon's history of innovation and proven results made it the ideal candidate to continue the research and development necessary to drive the continued evolution of the electrical grid," said Steve Rhoades, SatCon's President and Chief Executive Officer. "The SEGIS project highlights the growing importance of advanced utility scale inverters. Future solutions will be designed beyond the scope of traditional net metered and grid connected to improve grid reliability and power quality across large numbers of distributed energy sources. We are honored to be recognized by Sandia as an industry leading innovator."

The next generation solar inverters will include advanced communication interfaces and controls, while improving both efficiency and reliability. They will be able to incorporate energy management functions, advanced utility scale diagnostics and analytics, and the seamless bi-directional power flows that will be required for the wide scale deployment of distributed renewable energy systems.

About SatCon

SatCon Technology Corporation is the leading provider of utility scale distributed power solutions for the renewable energy market, enabling the industry's most advanced reliable and proven clean energy alternatives. For over 22 years, SatCon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, wind-turbines, and energy storage systems. To learn more about SatCon, please visit www.SatCon.com.

About The Florida Solar Energy Center (FSEC) of the University of Central Florida

The Florida Solar Energy Center's (FSEC) mission is to research and develop energy technologies that enhance Florida's and the nation's economy and environment and to educate the public, students and practitioners on the results of the research. FSEC was created by the Florida Legislature in 1975 to serve as the state's energy research institute. The main responsibilities of the center are to conduct research, test and certify solar systems and develop education programs. As Florida's legislatively-chartered "Type I" energy research institute with a 30-year history of unique expertise, experience and infrastructure, FSEC is leading research and development efforts to bring our vision of Energy Independence to fruition. To learn more about FSEC, please visit http://www.fsec.ucf.edu/en/.

About Sandia National Laboratories

Since 1949, Sandia National Laboratories has developed science-based technologies that support our national security. Today, the 300+ million Americans depend on Sandia's technology solutions to solve national and global threats to peace and freedom. Sandia is a government-owned/contractor operated (GOCO) facility. Sandia Corporation, a Lockheed Martin company, manages Sandia for the U.S. Department of Energy's National Nuclear Security Administration.

Safe Harbor

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.

Source: Business Wire

More News in this Category