Satcon Partners with Borrego Solar to Supply 35 Megawatts of Utility-Ready Solar Solutions
October 12 2011 - 8:30AM
Business Wire
Satcon Technology Corporation® (NASDAQ CM: SATC), a leading
provider of utility-scale power conversion solutions for the
renewable energy market, announced that it signed a Master Service
Agreement with Borrego Solar to provide 35 megawatts (MW) of
industry leading utility-ready solar power solutions.
"Borrego Solar is pleased to enter into a mutually beneficial
partnership with Satcon," said Aaron Hall, President of Borrego
Solar who manages the national installer's procurement of major PV
system components. "Borrego Solar only sources the highest quality
products for its customers, and this supply commitment from Satcon
ensures we'll have access to some of the most proven inverter
technologies on the market when we need, and at competitive
prices."
As part of this agreement, Borrego Solar will utilize the entire
Satcon solution portfolio including PowerGate® Plus, the world’s
most widely deployed utility-ready solution; Satcon Solstice®, the
industry’s first complete system solution for utility-scale solar;
Satcon Equinox™, the next generation inverter solution with 98.5%
efficiency and industry leading thermal operating range; and Satcon
Prism Platform™, a fully integrated multi-megawatt medium voltage
(MV) solution optimized for utility-scale PV installations. 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.
“Borrego is one of California’s most progressive solar
developers,” said Darryl Parker, Satcon’s Vice President of Sales
for North America. “This expanded partnership agreement will
strengthen our already strong collaboration as we continue to work
closely to deliver the next generation of solar power
together.”
These projects will be a combination of military, commercial,
and utility-scale solar installations and are expected to be
installed over the next 12 months.
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 Borrego Solar
Established in 1980, Borrego Solar Systems, Inc. is one of the
nation’s leading financiers, designers and installers of commercial
and government grid-connected solar power systems. Borrego Solar’s
photovoltaic systems are efficient, reliable and cost-effective.
With more than three decades of experience and more than 1,000
solar power installations completed—totaling more than 35
MW—Borrego Solar offers a complete line of solar systems design and
installation services throughout California, New England, and the
Mid Atlantic. For more information, visit www.borregosolar.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.
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