BOSTON, Nov 10, 2009 -- BUSINESS WIRE
Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of
utility scale power solutions for the renewable energy market, today
announced that it has been selected for the 10-megawatt Exelon City
Solar photovoltaic (PV) power plant, the nation's largest urban solar
power plant, which will be built at a former industrial site in the West
Pullman neighborhood on Chicago's South Side. The site, owned and
operated by Exelon Generation, was designed and is being constructed by
SunPower Corp., a manufacturer of high-efficiency solar cells, solar
panels and solar systems.
The 41-acre solar facility will utilize Satcon Prism(TM), a fully
customizable one megawatt medium voltage package complete with factory
integrated step-up transformers, switchgear, and electronics. The Prism
solutions will connect nearly 32,300 SunPower solar panels to the local
utility and efficiently convert the sun's rays into enough clean,
reliable electricity to meet the annual energy requirements of up to
1,500 homes per year.
"The Exelon City Solar project demonstrates solar power's integration as
a stable and viable core contributor into one of the country's largest
energy markets," said Howard Wenger, president, global business unit at
SunPower. "This project is a clear example of the unique demands of
large scale solar power generation, and required that we design a system
that is comprised of the industry's highest performing and most reliable
components. Satcon's experience and expertise in large scale solar made
them the natural choice for us."
The Exelon City Solar plant will combine Satcon's Prism solution,
designed to deliver the highest levels of energy harvesting, efficiency
and system uptime, with SunPower panels, which generate up to 50 percent
more power than conventional solar panels and two to four times as much
power as thin-film solar technology. The site will also use SunPower(R)
Trackers, solar tracking systems that tilt toward the sun as it moves
across the sky, increasing daily energy production by up to 25 percent.
Satcon Prism is built on the foundation of the industry standard setting
PowerGate(R) Plus 500kW solar PV inverter platform, the most advanced
and field proven large scale inverter solution, with over 400 megawatts
delivered since 2005. The solution is 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.
"We are honored to be chosen as a key partner by SunPower to deliver our
Prism solutions to Exelon City Solar," said Steve Rhoades, Satcon's
President and Chief Executive Officer. "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. Exelon
City Solar showcases today's best in class total system solutions,
optimally designed to deliver the highest levels of reliable large scale
solar power production."
About Satcon
Satcon Technology Corporation is the leading provider of utility scale
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,
wind-turbines, 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.
SOURCE: Satcon Technology Corporation
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