About SatconSatcon 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. 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 Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date.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.
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 to supply 51 megawatts (MW) of its Equinox™ Prism Platform™ solution, a fully integrated multi-megawatt medium voltage (MV) building block, along with 1.5 MW of its next generation Equinox inverter systems. The Southern California installation will be interconnected to the San Diego Gas & Electric (SDGE) grid as a Qualified Facility for a Large Generator Interconnection Agreement (LGIA) under California Independent System Operator Corporation (CAISO) jurisdiction and will be one of the largest solar power plants in the state. Equinox Prism Platform is a turnkey utility-grade multi-megawatt solution, complete with factory-integrated step-up transformers, MV disconnect switches, and power conversion electronics. The factory integrated solution leverages Satcon’s next-generation Equinox PV inverters with 98.5 percent peak efficiency and the industry’s widest thermal operating range, delivering the highest levels of performance and low installation costs enabling the industry’s lowest levelized cost of energy (LCOE). Built upon Satcon's industry-leading PowerGate® Plus inverter family, the world's most widely-deployed large-scale solution with over 2.5 gigawatts sold to date, Equinox enhances system-wide energy harvest and solar plant yield, enabling the industry's highest return on investment (ROI). Equinox's advanced utility-ready features enable remote control of real and reactive power, low-voltage ride through and power factor control. The solution supports fast communications, allowing it to be easily integrated into SCADA systems through standardized communication interfaces. All Satcon solutions include EDGE Adaptive Control Architecture (ACA)™, enabling instant voltage stabilization, frequency control, and dynamic grid support. EDGE ACA secures the continuous operation of the PV plant in the event of dynamic ground faults and achieves the performance guidelines set forth by the German Association of Energy and Water Industries (BDEW 2008 Grid Connection Standard). This site is expected to be energized in the first half of 2013.