| BOSTON--SatCon
Technology Corporation® (Nasdaq CM: SATC), a developer of power management
and system architecture solutions for the alternative energy and distributed
power markets today announced that it has received a purchase order in
excess of $2.8 million for its PowerGate® inverters and electrical
balance of plant equipment. The inverter power system is for use on DFC1500MA(TM)
megawatt-class fuel cells designed and manufactured by FuelCell Energy,
Inc. (NasdaqNM:FCEL - News). The DFC1500MA(TM) fuel cell currently has
a nominal rating of 1.2 megawatts. Delivery of the PowerGate inverters
is scheduled over the next four to nine months.
FCEL is a world leading developer,
manufacturer and supplier of ultra-clean fuel cell power plants that generate
electricity with higher efficiency than other distributed generation plants
of similar size.
"This order represents a clear sign
that fuel cell power plants are a commercial reality, and we are pleased
to be supporting FuelCell Energy with its commercialization program", said
Clemens van Zeyl, President of SatCon Power Systems. "SatCon is committed
to FuelCell Energy's commercialization program that includes continuous
improvement in costs, delivery and reliability through new packaging concepts,
global sourcing and manufacturing techniques."
About PowerGate(TM) Inverters
PowerGate(TM) inverters are designed
for use with alternative energy power systems to generate distributed electrical
power. Distributed, alternative energy power generation is a growing trend
toward the production of clean, reliable power at the point of use. Alternative
energy systems can alleviate congestion on highly loaded utility electrical
distribution networks and offer an alternative to power line extensions
in remote areas. Many alternative energy power systems require high-power,
high-reliability inverters and controls to convert the power generated
to useable AC power compatible with the electric power grid.
About SatCon Technology Corporation
SatCon Technology Corporation is
a developer and manufacturer of power systems utilizing power electronics,
advanced controls and generators/motors for the Alternative Energy, Power
Delivery, Hybrid-Electric Vehicle, and Grid Support markets. SatCon also
develops and manufactures High Reliability Electronics and Advanced Power
Technologies. For further information, please visit the SatCon website
at www.satcon.com. SATC-G |