Satcon Delivers Fully Integrated Utility Class One Megawatt Power Conversion Solution

Industry Leader Expands One Megawatt Solution Portfolio with Next Generation One Megawatt Platform Prism® for Utility Scale Solar
June 24, 2009, 8:30 am EDT
BOSTON--(BUSINESS WIRE)--Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale distributed power solutions for the renewable energy market, announced today the general availability of Prism®, a fully integrated one megawatt medium voltage solution optimized for utility scale solar PV installations.
Leveraging Satcon’s industry standard setting PowerGate® Plus 500kW solar PV inverters, Prism is a fully customizable one megawatt platform, complete with factory integrated step-up transformers, switchgear, and electronics. The solution will be delivered complete in an all-climate outdoor enclosure and ready to connect to the PV array and utility grid, enabling rapid installation through a modular prepackaged design.
Prism will dramatically increase the ease and speed of a typical utility scale PV installation, while also providing the unparalleled power production efficiencies that can only be realized through this full factory integrated and tested power conversion platform. Satcon’s Prism one megawatt integrated medium voltage solution is based on factory integrated pairs of Satcon’s highly efficient PowerGate Plus 500kW solar PV inverters, which recently eclipsed 150MW of total units installed globally.
“We are at an inflexion point in the solar PV industry, where utility scale projects are becoming more prevalent,” commented Dr. Leo Casey, Chief Technology Officer and Vice President of Engineering for Satcon. “Satcon’s solutions have been used on some of the largest renewable energy sites in the world with hundreds of millions of grid connect kW hours delivered to date. Our customers were asking for a highly efficient, completely integrated package for large scale installations, and Prism offers the most flexible, efficient and powerful solution on the market today.”
The Prism solar PV solution is available for order immediately. The complete solution will come with Satcon’s standard five-year warranty included, and available optional warranty terms up to 20 years. Integrated transformers and switchgear are fully customizable, and Satcon system consultants are available to assist with project requirements and configurations.
About Satcon
Satcon Technology Corporation is the leading provider of utility scale distributed power solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 24 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.
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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.
Contact:
Satcon Technology Corporation
Alida Bangs,
510-226-3812
Media Relations
alida.bangs@Satcon.com
or
Satcon Technology Corporation
Leah Gibson,
617-897-2400
Investor Relations Manager
leah.gibson@Satcon.com