SatCon Energy Storage and Delivery to Exceed 20 MW

SatCon Technology Corporation has been awarded a $2.7 million Stage 1 contract for an energy storage and delivery system that can provide 8 megawatts (MW) of power for several seconds. When fully implemented, the power levels will exceed 20 MW.

Delivery of this first stage is scheduled for June 2007. Full value of all three proposed stages is $6.5M. This system is an adaptation of SatCon’s high power electronics and energy storage products developed for the alternative energy and distributed power markets, and is an enabling element for solar, fuel cell and wind farm installations. “These types of programs allow customers to draw low levels of power from the grid and then supply large pulses of power for unique applications,” said SatCon’s Chief Executive Officer, Dave Eisenhaure, “such as power outage ride through and grid-connected distributed power using alternative energy sources where sunlight or load variations cause power drains for brief periods of time while additional systems come online.” The award expands on SatCon’s portfolio of power electronics applications with the development of an integrated pulse power energy storage system. This technology has direct applicability to both civilian and military customers. “The contract is in addition to the already announced $32 million in backlog at the end of Q3,” said Eisenhaure.

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