Satcon Powers Solar Program for San Jose Unified School District
March 10 2009 - 8:30AM
Business Wire
Satcon (NASDAQ CM: SATC), a leading provider of utility scale
distributed power solutions for the renewable energy market,
announced today that it has provided its PowerGate Plus
photovoltaic (PV) inverters for the San Jose Unified School
District installations, the largest K-12 solar and energy
efficiency project in the United States. The 5.5 megawatt project
is providing power to 14 district sites and is helping to reduce
energy costs by more than 30 percent.
Chevron Energy Solutions designed, built, and is operating the
system utilizing Satcon�s PowerGate� Plus inverters to generate
utility-scale power that will help save the school district $25
million over the 25-year life of the project. Annually, the project
is expected to reduce carbon emissions by more than 100,000 metric
tons, which is equivalent to planting more than 1,400 acres of
trees.
�San Jos� Unified School District is a prime example of how
educational institutions can combine solar and energy efficiency
programs to achieve environmental benefits and cost savings, which
is especially important in these economic times,� said Jim Davis,
president of Chevron Energy Solutions. �We are pleased to have the
opportunity to work with Satcon on this project that is generating
clean, renewable power.�
�This program demonstrates the growing adoption of solar energy
as a practical and reliable energy source for both large-scale
industrial players as well as non-profit and educational
institutions,� said Pete DeGraff, Vice President of Sales and
Marketing at Satcon. �In working closely with Chevron Energy
Solutions, we were able to develop a system that will deliver
clean, reliable and cost effective energy to the San Jose Unified
School District.�
The PV system was dedicated at Willow Glen Middle School and
High School in San Jose, CA on February 5th.
About Satcon
Satcon Technology Corporation is a 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 23 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 San Jos� Unified School District
San Jos� Unified School District serves approximately 32,000
students from kindergarten through grade twelve in Silicon Valley.
Covering approximately one hundred square miles, San Jos� Unified
has 25 elementary schools, 2 K-8 schools, 6 middle schools, 6
comprehensive high schools, an award winning continuation high
school and exemplary alternative education programs. The district's
schools have received 34 California Distinguished School Awards, 11
National Blue Ribbon Recognitions and 5 Seals of Excellence Awards
from the California Association of Bilingual Educators. They have
twice received the Silver level California Award for Performance
Excellence from the California Council for Excellence for their
performance management systems. National School Board's Association
has honored SJUSD with the Magna Award for their various public
engagement initiatives. Further information regarding SJUSD can be
obtained at www.sjusd.org.
About Chevron Energy Solutions
Chevron Energy Solutions designs and constructs sustainable
energy projects, including building and renewable energy systems,
that increase energy efficiency, reduce energy costs and ensure
reliable, high-quality power. The company is the nation�s largest
installer of solar energy for education institutions and has
developed hundreds of projects involving energy efficiency or
renewable power for education, government and business customers in
the United States since 2000. Its parent, Chevron Corporation
(NYSE: CVX), is investing across the energy spectrum to develop
energy sources for future generations by expanding the capabilities
of alternative and renewable energy technologies.
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.
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