Satcon Selected By Unity Electric, LLC For 16 Megawatts In New Jersey
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 Unity Electric, LLC to supply 16 Megawatts (MW) of their PowerGate® Plus solutions to power a utility-scale solar farm in Tinton Falls, New Jersey.
For this project, Unity Electric, LLC will deploy thirty two PowerGate Plus 500kW solutions; the world's most widely deployed large-scale solar PV inverters. Upon completion, this site will be one of the largest solar installations in the North East.
Satcon’s Utility Ready inverter solutions are the industry’s most advanced and proven large scale power conversion technologies and deliver intelligent power plant management, enabling improvements in total power plant reliability and yield through more powerful system monitoring, diagnostic, and remote control functionality.
With over two Gigawatts (GW) of utility-ready inverters shipped, Satcon solutions help power the world’s most advanced solar farms. Satcon inverters enable instant voltage stabilization, frequency control, dynamic grid support, and secures the continuous operation of the PV plant in the event of dynamic ground faults, achieving the performance guidelines set forth by the German Association of Energy and Water Industries (BDEW 2008 Grid Connection Standard).Construction for the Tinton Falls project is currently underway. 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 Unity Electric, LLC Unity International’s Energy Division, headquartered in East Rutherford, NJ, is an industry-leader in Utility-Scale Power Generation systems and Enterprise-class Data Center construction, including the feasibility studies, economic analyses, design, engineering, and procurement associated to such projects. Staff experience ranges from small-commercial scale off-grid applications to large scale grid-interactive solar farms. For more information on Unity’s suite of services, including their asset management and maintenance programs, visit www.unityig.com ( firstname.lastname@example.org 973.272.0700). 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.
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