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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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