SatCon Provides ''Green'' Power to the Greater Boston AreaBrockton, Massachusetts Brightfield (Photo:Business Wire)
April 24 2007 - 7:30AM
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, reports that its
power conditioning units for a 425 kW photovoltaic solar energy
system located on an environmentally remediated brownfield
(brightfield) have been providing highly efficient �green� power at
a Brockton, Massachusetts site since its dedication on October 26,
2006. This site is also the largest brightfield in the nation. This
solar energy system generates an estimated 535 megawatt hours (MWh)
of electricity annually, enough energy to power approximately 71
homes. The city of Brockton intends to build upon its solar
leadership by expanding the solar energy power plant to an
associated brownfield. Eventually the city plans to increase the
Brockton Brightfield's capacity to 1 megawatt (MW). Congressman
Stephen F. Lynch (D-MA), who helped to secure nearly $800,000 for
the Brockton Brightfield and attended its dedication, said, "With
the opening of the Brightfield, the City of Brockton has now
positioned itself as a nationwide leader in developing and
promoting alternative energy sources. That success was largely due
to the hard work and ingenuity of the people at SatCon, who
developed technology that was critical to this project. At a time
of instability in the worldwide oil markets and rising gas and oil
prices, that's a mission all American cities and companies should
be focused on." Landerholm Electric, the Brockton-based electrical
contractor that installed the system as a sub-contractor to Global
Solar stated, "We are very pleased with the performance of the
SatCon 225 kW inverters installed at this site. The units were easy
to install and have performed reliably and to our expectations. It
is also always good to work with local Massachusetts-based firms
and we appreciate the support SatCon has provided to the project,"
said Daniel Smith of Landerholm Electric. About SatCon Technology
Corporation SatCon Technology Corporation is a developer and
manufacturer of electronics and 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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