SatCon to present MicroGrid paper at the 2007 Electricity Storage Association Meeting
May 24 2007 - 9:11AM
Business Wire
SatCon Technology Corporation� (Nasdaq CM: SATC), a developer and
supplier of power management and system architecture solutions for
the alternative energy and distributed power markets, today
announced that it will be presenting at the Electricity Storage
Association Annual Meeting being held in Boston, MA this week. The
title of the presentation is �Utility-Interactive Uninterruptible
Power System for Private "Island" Grids�. �Alternative Energy
Sources are not generally suitable as stand alone power sources,
operating independent of the Grid, but need to be matched to an
appropriate form of energy storage before they can act to power an
Island or MicroGrid. The storage is used to level the load for
sources that are constant such as Fuel Cells, or to store excess
energy and time shift the energy for intermittent or time-varying
sources such as PV or Wind,� said Dr. Leo Casey, SatCon�s Chief
Technology Officer. �We have a long history of powering private
Islands or MicroGrids, and connecting and disconnecting these
islands from the Grid. Our continued work combines that background
with our experience with Utility scale Alternative Energy and
Energy Storage Inverters and Systems and our background in large
facility backup power systems to enhance security and reliability
of the MicroGrid and to improve power quality. The result is the
ability to transform Distributed Generation sources which are of
limited value in Grid outage situations, by coupling them with
appropriate storage and transfer switching, to create robust
MicroGrids based on Alternative Energy sources that can separate
from the Grid and operate as a stable power island.� About SatCon
Technology Corporation SatCon Technology Corporation is a developer
and manufacturer of electronics and generators/motors for the
Renewable Energy, Hybrid-Electric Vehicle, Grid Support, High
Reliability Electronics and Advanced Power Technology markets. For
further information, please visit the SatCon website at
www.satcon.com. (SATC-G) Statements made in this document 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. The
Company expressly disclaims any obligation to update the
information contained in this release.
Satcon Technology Corp. (MM) (NASDAQ:SATC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Satcon Technology Corp. (MM) (NASDAQ:SATC)
Historical Stock Chart
From Jul 2023 to Jul 2024