Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale power solutions for the renewable energy market, today announced that it will deliver 78 of its industry leading PowerGate® Plus solar PV inverters to OZZ Solar Inc. The power conversion solutions will be deployed on commercial rooftop projects across the province of Ontario, and will be fully compliant under the Ontario Feed-In Tariff (FIT) program launched in 2009.

The 40 rooftop projects under development by the OZZ Solar Inc. program will utilize Satcon’s PowerGate Plus 250kW and 100kW solar PV inverters, customized for 600 VAC, which became generally available in January of 2010. As the world’s leader in grid connected commercial and utility scale solar PV solutions, Satcon’s technology provides the industry leading Levelized Cost of Energy (LCOE), critical to attaining the most profitable power production under the recent FIT program.

“These installations mark the beginning of major growth for large scale, grid-tied rooftop solar power plants in Canada and are a significant step in the implementation of Ontario’s Feed-In Tariff program,” said Jonathan Goldman, Executive Vice President of OZZ Solar Inc. “These projects required the most advanced, highest performing, and most reliable systems that could deliver reliable performance in the harsh Ontario climate. Satcon’s best-in-class solutions and their commitment to partner with us to drive value from the design stages over the entire lifespan of the project were the key factors in our decision to partner with them.”

The PowerGate Plus 250kW and 100kW 600 VAC output inverters meet all requirements mandated under FIT regulations, and are specially designed to operate at full performance at temperatures as low as negative 40 degrees Celsius/negative 40 degrees Fahrenheit. In addition, the PowerGate Plus solutions will be manufactured in Burlington, Ontario, making them the only large scale inverter solutions that are 100% compliant with the Ontario FIT local content requirements.

“With these first set of projects, OZZ Solar is stepping to the forefront of commercial solar development in Ontario,” said Pete DeGraff, Satcon’s Vice President of Worldwide Sales and Marketing. “With a long history of manufacturing world-class products in Ontario, Satcon is a proud partner in OZZ Solar’s commercial solar projects, and a highly committed local developer to the Ontario government’s commitment to clean energy production.”

About Satcon

Satcon Technology Corporation is the leading provider of utility scale power solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 24 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 OZZ Solar Inc.

OZZ Solar Inc., based in Toronto, is the Canadian leader in rooftop solar generation development. OZZ offers the most comprehensive and vertically integrated partnership currently operating within this new and exciting space of renewable generation. OZZ guarantees its partners the ability to utilize their real estate for the production of clean power, which is both financially lucrative and environmentally conscious.

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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.

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