Satcon Helps Southern California Edison Generate Over 48 Megawatts of Solar Power
October 11 2011 - 8:30AM
Business Wire
Satcon Technology Corporation (NASDAQ CM: SATC), a leading
provider of utility-scale power solutions for the renewable energy
market, today announced that it has crossed a significant milestone
in Southern California Edison’s (SCE) Solar Photovoltaic Program
(SPVP) by delivering over 48 megawatts (MW) of its PowerGate Plus
500 kW solution to date. This, when combined with multiple projects
with additional utilities, brings Satcon’s sales for utility owned
solar power generation in California to over 100 megawatts.
As part of the SPVP program, Southern California Edison plans to
install, own and operate up to 250 megawatts of solar generating
capacity over the next five years, of which Satcon was awarded 75%
of the inverter capacities. These installations will be constructed
mainly on large commercial rooftops and some on parcels of open
land, with most sites ranging from one to six megawatts of
generation capacity in size.
SCE has selected Satcon’s PowerGate Plus 500 kilowatt inverter
solution, the world’s most widely deployed utility ready solar PV
inverter. All of Satcon’s solutions include advanced utility ready
features to enable simplified grid interconnection and can be
easily integrated into SCADA systems through standardized
communication interfaces.
About Satcon
Satcon Technology Corporation® is the leading provider of
utility-scale power conversion solutions for the renewable energy
market, enabling the industry’s most advanced reliable and proven
clean energy alternatives. For over 26 years, Satcon® has designed
and delivered the next generation of efficient energy systems for
solar photovoltaic, stationary fuel cells, and energy storage
systems. To learn more about Satcon, please visit
www.Satcon.com.
About Southern California Edison
An Edison International (NYSE:EIX) company, Southern California
Edison is one of the nation's largest electric utilities, serving a
population of nearly 14 million via 4.9 million customer accounts
in a 50,000-square-mile service area within Central, Coastal and
Southern California.
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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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