Satcon Delivers World’s First Hybrid Fuel Cell Energy System
October 23 2008 - 1:05PM
Business Wire
Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider
of utility scale distributed power solutions for the renewable
energy market, today announced that it has partnered with FuelCell
Energy Inc. and Enbridge Inc. in the production of a new,
multi-megawatt hybrid energy system for natural gas pipeline
operations in Ontario Canada. The new product, named the Direct
Fuel Cell-Energy Recovery Generation (DFC-ERG�) system, aims at
generating ultra-clean electricity, while recovering energy
normally lost during natural gas pipeline operations. The system
combines a 1.2 megawatt Direct Fuel Cell power plant from FuelCell
Energy with a 1 megawatt unfired gas expansion turbine. Satcon�s
1.2 megawatt Fuel Cell Power Conditioning System is the enabling
link between the fuel cell and utility grid. Operating at natural
gas pipeline letdown stations, the system can generate 2.2
megawatts of ultra-clean electricity, or enough power for
approximately 1,700 residences. The system is also the first
multi-megawatt commercial fuel cell to operate in Ontario. �Our
involvement in this project demonstrates the demand for our
industry-leading megawatt-class inverters for fuel cell
applications,� said Steve Rhoades, President and Chief Executive
Officer of Satcon. �As the leader in large scale, utility grade
renewable energy conditioning, Satcon was chosen because of our
experience in both industrial power distribution and advanced
utility scale solutions. We are excited about the opportunity to
partner with Enbridge and FuelCell Energy on this project, which is
a major step toward the commercialization of fuel cells.� Enbridge
has ordered FuelCell Energy's new up-rated 1.2 megawatt DFC power
plant to ensure product integration is complete in time to meet the
needs in emerging markets in Ontario, Canada, and Connecticut, as
well as other U.S. states. About Satcon Satcon Technology
Corporation is the leading provider of utility scale distributed
power solutions for the renewable energy market, 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 Enbridge Inc. Enbridge Inc., a Canadian
company, is a leader in energy transportation and distribution in
North America and internationally. As a transporter of energy,
Enbridge operates, in Canada and the U.S., the world's longest
crude oil and liquids transportation system. The Company also has
international operations and a growing involvement in the natural
gas transmission and midstream businesses. As a distributor of
energy, Enbridge owns and operates Canada's largest natural gas
distribution company, and provides distribution services in
Ontario, Quebec, New Brunswick and New York State. Enbridge employs
approximately 5,500 people, primarily in Canada, the U.S. and South
America. Enbridge's common shares trade on the Toronto Stock
Exchange in Canada and on the New York Stock Exchange in the U.S.
under the symbol ENB. Information about Enbridge is available on
the Company's web site at www.enbridge.com. About FuelCell Energy,
Inc. FuelCell Energy develops and markets ultra-clean power plants
that generate electricity with higher efficiency than distributed
generation plants of similar size and with virtually no air
pollution. Fuel cells produce base load electricity giving
commercial and industrial customers greater control over their
power generation economics, reliability and emissions. Emerging
state, federal and international regulations to reduce harmful
greenhouse gas emissions consider fuel cell power plants in the
same environmentally friendly category as wind and solar energy
sources -- with the added advantages of running 24 hours a day and
the capacity to be installed where wind turbines or solar panels
often cannot. Headquartered in Danbury, Conn., FuelCell Energy
services over 50 power plant sites around the globe that have
generated more than 124 million kilowatt hours, and conducts
R&D on next-generation fuel cell technologies to meet the
world�s ever-increasing demand for ultra-clean distributed energy.
For more information on the company, its products and its worldwide
commercial distribution alliances, please see
www.fuelcellenergy.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.
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