SatCon Photovoltaic Inverters Installed at 1.1 MW SolarCraft Site1.1 MW Solar Energy System (Photo: Business Wire)Pair of 500 kW
June 19 2007 - 9:31AM
Business Wire
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 its PowerGate� commercial grade inverters have been installed
as an integral part of a SolarCraft installed 1.1 Megawatt solar
energy system at Paramount Farms, Inc., the world�s largest
vertically integrated supplier of pistachios and almonds. The
installation, located in California's San Joaquin Valley, spans 8
acres and is reportedly one of the largest single-site,
privately-owned solar energy systems in the United States. This
solar system enables Paramount Farms to generate enough clean
electricity each day to power 300 average homes. The new system
will spare the air nearly 2,600 tons of harmful greenhouse gases
annually. Over the next 30 years, the air pollution saved will be
equivalent to driving over 176 million miles. SolarCraft, experts
in solar system design and installation, was responsible for the
design and construction of the Paramount Farms system. With over
4,000 commercial and residential installations to its credit,
SolarCraft has installed more solar energy systems than any other
company in California�s North Bay. SolarCraft installs over 200
solar energy systems per year. �SolarCraft selected SatCon for this
job because we have had a great deal of success at many other
commercial installations with this inverter brand.� stated Chris
Bunas, Vice President of SolarCraft�s Solar Electric Division.
�SatCon has become our main choice for commercial inverters because
of their high performance, ease of installation and smaller overall
packaging. So far, the two 500 kW inverters at Paramount Farms have
been performing beyond expectations.� SatCon�s PowerGate� Inverter
series, ranging from 30 kW to 500 kW, continues to gain acceptance
as the Photovoltaic Inverter system of choice. SatCon has delivered
over 15MW of commercial grade inverters this calendar year and is
experiencing significant demand for its inverter products. 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.
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