This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Satcon Awarded $2 Million Grant By California Energy Commission

Stocks in this article: SATC

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.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs