FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DEUTCH PHILIP J 		2. Issuer Name and Ticker or Trading Symbol

SATCON TECHNOLOGY CORP [ SATC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

1700 K STREET NW,, SUITE 750 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/20/2007
(Street)

WASHINGTON, DC 20006
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series C Convertible Preferred Stock     (1) 12/20/2007     P     5000         (1)   (1) Common Stock   4807692   $1000.00   10000   I   (2) See Footnote   (2)
Warrant to purchase Common Stock   $1.25   (3) 12/20/2007     P     253580       12/20/2007   12/20/2014   Common Stock   253580   (3)   (4) 253580   I   (2) See Footnote   (2)
Warrant to purchase Common Stock   $1.25   (3) 11/8/2007     P    V 7631036       5/8/2008   11/8/2014   Common Stock   7631036   (3)   (4) 7631036   I   (2) See Footnote   (2)

Explanation of Responses:
( 1)  Shares of the Series C Convertible Preferred Stock do not expire and are convertible, at any time, into Common stock without payment of further consideration. Conversion into Common Stock is initially set at a ratio of 961.5 shares of Common Stock for each share of Series C Convertible Preferred Stock and is subject to anti-dilution adjustments as set forth in the Issuer's Certificate of Designation of the Relative Rights and Preferences of the Series C Convertible Preferred Stock (incorporated in this Form 3 by reference to Exhibit 10.6 of the Current Report on Form 8-K filed by SatCon Technology Corporation ("SatCon") on November 14, 2007).
( 2)  The Series C Convertible Preferred Stock and the Warrants to purchase Common Stock are held by NGP Energy Technology Partners, L.P. NGP ETP, L.L.C. is the general partner of NGP Energy Technology Partners, L.P. Energy Technology Partners, L.L.C. is the manager of NGP ETP, L.L.C. Philip J. Deutch is the manager of Energy Technology Partners, L.L.C. By virtue of this relationship, Mr. Deutch may be deemed to beneficially own the shares held by NGP Energy Technology Partners, L.P. Mr. Deutch disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
( 3)  The Warrants to purchase Common Stock feature a cashless exercise provision and are subject to anti-dilution adjustments as set forth in the Form of Tranche 2 Warrant and Additional Warrant and the Form of Tranche 1 Warrant (both incorporated in this Form 3 by reference to Exhibits 10.5 and 10.4 of the Current Report on Form 8-K filed by SatCon on November 14, 2007).
( 4)  The Warrants to purchase Common Stock were received in connection with the purchases of Series C Convertible Preferred Stock by NGP Energy Technology Partners, L.P. on December 20, 2007 and November 8, 2007, respectively.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DEUTCH PHILIP J
1700 K STREET NW,
SUITE 750
WASHINGTON, DC 20006 		X X


Signatures
/s/ Philip J. Deutch 12/21/2007
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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