Satcon Awarded $2 Million Grant By California Energy Commission
Satcon Technology Corporation® (NASDAQ CM: SATC), a leading provider of utility-grade power conversion solutions for the renewable energy market, along with A123 Systems, Renewable Energy Services (RES), and the Sacramento Municipal Utility District (SMUD) announced today that they have been selected by the California Energy Commission (Energy Commission) to receive a $2 million grant to develop and demonstrate methods to reduce the effects of renewable power intermittency. The grant is part of a larger initiative to develop the core solutions to enable higher penetration of renewable power onto the electric grid through advanced solar energy harvest, storage and array control capabilities.
Utility-scale solar deployment is a crucial part in attaining California’s renewable energy goals, including achieving 33 percent of utility loads in the state with renewable energy by 2020. Successfully managing the intermittent nature of solar energy remains a challenge for Utilities looking to increase the deployment of solar photovoltaic (PV) power plants on their grid networks. This Satcon led project is designed to address these grid integration challenges through the development of PV integrated electric energy storage systems capable of voltage and frequency support, PV firming, real power dispatch and ramp rate control. The project team will develop, test and demonstrate the proposed technology at SMUD’s corporate headquarters in Sacramento, California.
“One of SMUD’s key challenges is to ensure that the grid is able to serve loads at all times while accommodating higher levels of renewable energy integration. Addressing key issues, such as ensuring a stable power flow into the grid from renewable sources, is critical to the success of using renewables as a major energy supplier,” said Mark Rawson of SMUD. “Satcon’s expertise in advanced solar inverter system technologies and experience with large-scale solar plant grid integration, combined with A123’s advanced lithium ion battery technology, will help us address these key challenges via this project.”
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