SatCon Technology: Manufacturing Capacity Expansion in the 2nd Half of 2008
“The failure to pass the ITC has put a hard deadline on when we start our large commercial projects so that the systems are operational by December 31st,” said Mark Frederick, Managing Partner of Pacific Power Management. “SatCon’s commitment to increase production at this critical time is essential to our successful completion of these systems in time to realize the significant benefits.”
“Our customers have communicated a significant increase in demand for our large commercial and utility scale products throughout the balance of 2008 as they race to finish their projects before the end of the year,” said Steve Rhoades, SatCon’s President and Chief Executive Officer. “We have made the strategic decision to expand our manufacturing capacity in order to deliver the highest value to our customers and ensure our customers in the U.S. are able to realize the benefits available to them from the current ITC.”
SatCon introduced the now industry leading 225 Kilowatt (kW) solar PV inverter in April of 2005 and industry standard 500 Kilowatt (kW) PowerGate Plus™ solar PV inverter in December of 2005 to record adoption rates in the rapidly accelerating utility scale, distributed energy market. With the recent introduction of the 1.2 Megawatt (MW) and 2.4 Megawatt (MW) PowerGate™ fuel cell inverters, SatCon continues to demonstrate its dominant position in large-scale renewable energy solutions.
SatCon Technology Corporation is the leading provider of utility scale renewable energy solutions for distributed power markets, enabling the industry’s most advanced, reliable and proven clean energy alternatives. For over 22 years, SatCon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, wind-turbines, and energy storage systems. To learn more about SatCon, please visit www.SatCon.com.
About Pacific Power Management
Pacific Power Management is a full service commercial solar provider. Services include assessment, financing support, design, engineering, installation, web-based monitoring, maintenance and public relations support to promote our customer’s environmental leadership. The company emphasizes first-class service, efficient, high-quality systems and complete project management. The company’s proprietary, flat-roof racking systems are designed for a 50-year life and high solar panel output efficiency. More information at: www.pacpower.biz.
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SatCon Technology Corporation
Leah Gibson, 617-897-2400