1.
Contacts:
Michael
Levi
Senior
Director
of
Worldwide
Marketing
Satcon
Technology
Corporation
(978)
201-‐5955
michael.levi@satcon.com
Leah
Gibson
Investor
Relations
Manager
Satcon
Technology
Corporation
(617)
897-‐2400
leah.gibson@satcon.com
FOR
IMMEDIATE
RELEASE
SATCON
AWARDED
FINAL
STAGE
OF
DEPARTMENT
OF
ENERGY
SOLAR
ENERGY
GRID
INTEGRATION
SYSTEMS
(SEGIS)
PROGRAM
Company
Recognized
as
Leading
PV
Inverter
Innovator
for
Solar
Energy
Grid
Integration
Boston,
Massachusetts,
October
XX,
2010
-‐
Satcon
Technology
Corporation
(NASDAQ
CM:
SATC),
a
leading
provider
of
utility
scale
power
solutions
for
the
renewable
energy
market,
and
its
partners
The
Florida
Solar
Energy
Center,
SunEdison,
Cooper
Power
Systems
EAS,
Northern
Plains
Power
Technologies,
SENTECH,
Inc.,
and
Lakeland
Electric
Utilities,
were
recently
awarded
a
federal
endowment
of
$660,329
by
the
US
Department
of
Energy
to
implement
Stage
III
of
the
Solar
Energy
Grid
Integration
Systems
(SEGIS)
Program—a
total
investment
of
$3
million
dollars
has
been
awarded
to
the
team
over
the
three
stages
of
the
program.
The
SEGIS
program
is
intended
to
help
fund
the
improvement
of
methodologies
and
hardware
that
will
enable
substantial
penetration
of
photovoltaic
systems
into
the
utility
grid,
and
accelerate
the
deployment
of
the
Smart
Grid
of
the
future.
Satcon’s
development
of
advanced,
integrated
inverter/controllers
and
associated
energy
management
functions
is
a
critical
part
of
the
SEGIS
program.
Satcon’s
Stage
III
involvement
will
include
a
pilot
production
design
and
demonstration
program
to
show
inverter
reliability,
low
voltage
ridethrough
and
anti-‐islanding
in
a
utility
environment,
which
will
build
on
the
advances
made
in
feasibility,
design
and
testing
completed
during
Stages
I
&
II.
The
demonstration
aspect
of
this
stage
will
feature
a
suite
of
new
functionalities
such
as
Smart
Grid
power
controls,
continued
operation
in
the
events
of
voltage
and
frequency
disturbances,
and
improved
safety
of
PV
systems.
These
new
functionalities
will
enable
higher
penetrations
of
PV
energy
into
the
Smart
Grid
of
the
future.
2.
“Successfully
transitioning
the
electric
power
system
to
a
much
higher
proportion
of
renewable
energy
sources
has
numerous
technical
challenges,
which
our
SEGIS
program
is
addressing,”
said
Dr.
Leo
Casey,
Satcon’s
Chief
Technology
Officer.
“We
have
been
focused
on
making
solar
PV
sources
dependable
power
generators,
under
utility
control,
with
lower
costs,
and
where
the
effects
of
intermittency
are
controlled
or
mitigated.
We
believe
that
the
major
barriers
to
very
large
penetration
of
solar
PV
into
the
grid
have
been
solved,
and
these
variable
energy
sources
can
now
be
conditioned
into
useful
power
sources.”
"Continuing
to
support
solar
and
grid
technologies
is
necessary
in
order
for
America
to
maintain
its
competitive
edge
in
the
clean
energy
industries,"
said
US
Department
of
Energy
Secretary
Dr.
Steven
Chu.
"These
types
of
projects
will
help
ensure
that
our
efforts
to
advance
renewable
energy
and
support
the
modernization
of
our
electrical
grid
are
coordinated
and
integrated,
helping
to
provide
Americans
with
reliable,
clean
energy
at
lower
costs."
####
About
Satcon
Satcon
Technology
Corporation
is
a
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
25
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.
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
place
undue
reliance
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
expectations.
Factors
that
could
cause
actual
results
to
differ
materially
from
the
company's
expectations
are
contained
in
the
company's
SEC
filings,
including
in
the
"Risk
Factors"
section
of
the
company's
Annual
Report
on
Form
10-‐K
for
the
year
ended
December
31,
2009
and
the
company's
Quarterly
Report
for
the
period
ended
June
30,
2010.
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.
3. Contacts:
Michael
Levi
Senior
Director
of
Worldwide
Marketing
Satcon
Technology
Corporation
(978)
201-‐5955
michael.levi@satcon.com
Leah
Gibson
Investor
Relations
Manager
Satcon
Technology
Corporation
(617)
897-‐2400
leah.gibson@satcon.com
FOR
IMMEDIATE
RELEASE
SATCON RECEIVES GRANT TO ACCELERATE HIGH-PENETRATION
OF PV POWER IN CALIFORNIA
Company’s Understanding of PV Energy Into Distributed Power Grids Proves
Invaluable to the US DOE
Boston,
Massachusetts,
October
XX,
2010
-‐
Satcon
Technology
Corporation
(NASDAQ
CM:
SATC)
along
with
the
US
Department
of
Energy’s
National
Renewable
Energy
Laboratory
(NREL),
Southern
California
Edison
(SCE),
Clean
Power
Research,
and
Electrical
Distribution
Design
are
slated
to
receive
research
funding
totaling
$1.6
million
dollars
from
the
California
Public
Utilities
Commission
(CPUC)
and
$3.6
million
dollars
from
the
US
Department
of
Energy
to
study
solar
grid
integration.
The
team
will
analyze
high-‐penetration
of
solar
PV
(photovoltaic)
levels
in
California
using
SCE‘s
distribution
grid
as
a
test
bed
for
modeling
and
simulation,
laboratory
testing,
and
field
demonstrations.
SCE
plans
to
install
500MW
of
distributed
solar
PV
in
its
service
territory
over
the
next
5
years
representing
the
highest
level
of
distributed
PV
in
any
utility
service
territory
in
the
United
States.
A
typical
installation
will
be
1-‐3
MW
of
PV
on
warehouse
rooftops,
representing
very
high-‐penetration
of
PV
power
on
warehouse
district
feeder
circuits.
Research
projects
such
as
this
one
are
pivotal
to
these
ambitious
installations
as
they
provide
the
data
necessary
to
support
both
future
infrastructure
development
and
large-‐scale
utility
power
generation
efforts
from
renewable
energy
resources.
This
project
will
enable
large-‐scale
PV
deployment
without
compromising
utility
system
reliability
by
improving
the
ability
to
model
and
understand
the
impacts
of
high
penetration
of
PV
on
the
distribution
system
and
developing
solutions
for
high
penetration
PV
deployments
in
electrical
utility
systems
through
field
verification.
Another
goal
of
this
project
is
to
disseminate
information
on
the
modeling
4. tools
that
are
used,
develop
performance
datasets
that
show
the
impact
of
the
PV
systems
on
the
electric
grid,
and
publicize
the
resulting
lessons
learned
and
best
practices
for
adopting
high
levels
of
PV.
As
a
leading
provider
of
utility
scale
distributed
power
solutions
for
the
renewable
energy
market
and
developer
of
advanced
inverter
technology,
Satcon
will
support
the
modeling
and
testing
of
inverters
with
advanced
control
capability,
and
integration
of
these
inverters
into
SCE’s
district
feeder
circuits.
The
team’s
CPUC
funding
is
a
result
of
the
California
Solar
Initiative
(CSI)
Research,
Development,
Deployment,
and
Demonstration
(RD&D)
Program
investing
$50
million
to
fund
solar
research
and
demonstration
projects—aimed
at
reducing
costs
and
accelerating
the
installation
of
solar
and
other
distributed
technologies.
“The
California
Solar
Initiative
is
one
of
the
greatest
focused
efforts
to
promote
solar
photovoltaics
ever
seen
and
is
designed
to
help
build
a
sustainable
solar
industry.
Integrating
substantial
amounts
of
PV
into
the
grid
is
part
of
that
vision,”
said
CPUC
President
Michael
R.
Peevey.
“The
research
projects
approved
today
will
remove
barriers
and
provide
key
insights
into
how
we
can
efficiently
use
the
energy
from
PV
being
produced
on
a
million
solar
roofs.”
Dr.
Leo
Casey,
CTO
of
Satcon
was
recently
quoted
saying,
“While
there
are
technical
challenges
to
overcome
to
achieving
high
penetration
of
renewables
we
feel
that
these
can
not
only
be
overcome,
but
that
high
penetration
of
renewables
can
in
fact
act
to
stabilize
and
improve
the
power
quality
of
the
grid.
Grid
connected
renewables
are
in
fact
a
solution,
rather
than
a
problem,
as
we
move
towards
a
cleaner,
greener,
high
performance
grid.”
####
About
Satcon
Satcon
Technology
Corporation
is
a
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
25
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.
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
place
undue
reliance
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
expectations.
Factors
that
could
cause
actual
results
to
differ
materially
from
the
company's
expectations
are
contained
in
the
company's
SEC
filings,
including
in
the
"Risk
Factors"
section
of
the
company's
Annual
Report
on
Form
10-‐K
for
the
year
ended
December
31,
2009
and
the
company's
Quarterly
Report
for
the
period
ended
June
30,
2010.
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.
5. Contacts:
Michael
Levi
Senior
Director
of
Worldwide
Marketing
Satcon
Technology
Corporation
(978)
201-‐5955
michael.levi@satcon.com
Leah
Gibson
Investor
Relations
Manager
Satcon
Technology
Corporation
(617)
897-‐2400
leah.gibson@satcon.com
FOR
IMMEDIATE
RELEASE
SATCON AWARDED FUNDING TO INTEGRATE PV INVERTERS FOR
ELECTIC VEHICLE CHARGING STATIONS IN HAWAII
Company Helps the Aloha State Reach Its Goal of 70% Clean Energy by 2030
Boston,
Massachusetts—October
XX,
2010
-‐
Satcon
Technology
Corporation®
(NASDAQ
CM:
SATC),
a
leading
provider
of
utility
scale
power
solutions
for
the
renewable
energy
market,
today
announced
that
they,
in
partnership
with
Castle
&
Cooke
and
the
University
of
Colorado,
have
been
awarded
a
grant
by
the
Hawaii
Renewable
Energy
Development
Venture
(HREDV)
to
implement
a
research
installation
of
photovoltaic
(PV)
inverters
with
the
aim
of
developing
future
electric
vehicle
(EV)
charging
stations
and
integration
with
renewable
energy.
Satcon
will
develop
and
demonstrate
grid-‐interactive
PV
inverters
to
manage
the
charging
of
electric
vehicles
with
100%
renewable
power
and
use
the
vehicle
battery
directly
as
energy
storage
for
rooftop
solar
panels.
The
ultimate
goal
of
this
and
four
other
related
projects
for
the
HREDV
is
to
help
the
state
achieve
its
ambitious
renewable
energy
goals.
“These
five
projects
collectively
represent
an
excellent
potential
benefit
to
Hawaii
–
both
technical
and
economic,”
said
Maurice
Kaya,
the
HREDV
Project
Director.
“Hawaii’s
innovation
pipeline
is
strong
and
can
deliver
many
of
the
next-‐generation
technologies
needed
to
move
the
state
away
from
its
dependence
on
imported
oil
and
toward
the
Hawaii
Clean
Energy
Initiative
goal
of
70%
clean
energy
by
2030.”
Although
it
is
rich
in
renewable
energy
resources,
Hawaii
depends
heavily
on
oil.
Effective
grid
integration
of
renewable
sources
together
with
transportation
electrification
have
been
identified
as
the
key
technical
challenges
in
achieving
Hawaii’s
goals
of
70%
clean
energy
in
the
electricity
and
transportation
sectors
by
2030.
In
the
recently
awarded
project,
Satcon
will
develop
and
demonstrate
power
conversion
and
control
technologies
for
a
Grid-‐Interactive
DC-‐Link
PV
Charging
Station,
as
a
candidate
solution
addressing
both
intermittency
challenges
in
grid
integration
of
solar
energy
and
adoption
of
electric-‐drive
vehicles
in
the
Aloha
State.
Existing
Satcon
PV
inverters
will
be
extended
to
6. include
bidirectional
DC-‐to-‐AC
functionality,
and
bidirectional
DC-‐DC
converters
will
provide
battery
recharge
services
to
electric-‐drive
vehicles.
The
vehicle
batteries
will
also
serve
as
auxiliary
energy
storage
for
the
PV
system
to
improve
overall
system
utilization,
provide
better
load
management
and
power
quality,
and
reduce
costs.
With
support
from
Castle
&
Cooke
Resort,
LLC,
the
system
will
be
demonstrated
on
the
island
of
Lanai,
the
Hawaiian
island
with
largest
percentage
penetration
of
renewable
energy
on
a
microgrid.
“While
hybrid
electric
and
electric
vehicles
are
a
vital
step
in
society’s
move
to
a
more
sustainable
economy,
there
are
some
important
technical
obstacles
to
overcome,
and
Hawaii
is
the
perfect
test
environment,”
remarked
Dr.
Leo
Casey,
CTO
of
Satcon,
“The
use
of
solar
PV
combined
with
stationary
batteries
to
achieve
very
rapid
vehicle
charging,
while
addressing
the
capacity
constraints
of
the
grid
and
the
effects
of
intermittency
will
be
demonstrated
in
this
project.”
####
About
Satcon
Satcon
Technology
Corporation
is
a
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
25
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.
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
place
undue
reliance
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
expectations.
Factors
that
could
cause
actual
results
to
differ
materially
from
the
company's
expectations
are
contained
in
the
company's
SEC
filings,
including
in
the
"Risk
Factors"
section
of
the
company's
Annual
Report
on
Form
10-‐K
for
the
year
ended
December
31,
2009
and
the
company's
Quarterly
Report
for
the
period
ended
June
30,
2010.
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.