U.S. Awards Solar Electric Inverter Contract

SatCon Technology Corporation, a developer and manufacturer of electronic power control systems, received a US$1 million contract for the development of advanced inverter technology for residential and light commercial photovoltaic (PV) and Distributed Energy Resource (DER) applications. This announcement comes just after solar PV Inverter company Xantrex was awarded a similar contract.

Cambridge, Massachusetts – November 5, 2003 [SolarAccess.com] The United States Department of Energy (DOE) awarded the contract, acting through the Albuquerque, New Mexico-based Sandia National Laboratories, which is operated by Sandia Corporation, a Lockheed Martin Company, for DOE’s National Nuclear Security Administration. “The cutting edge inverter research and development SatCon is conducting holds great promise for improving energy efficiency in the United States and reducing our dependence on fossil fuels,” Senator Edward M. Kennedy (D-Massachusetts) said. “I’m gratified that the Department of Energy has recognized the work of this dynamic Massachusetts company.” According to SatCon, the technology will provide the PV industry with a highly reliable and cost-effective inverter and improve the viability of PV systems for residential and light commercial usage with the goal of helping reduce U.S. dependency on oil imports. At the conclusion of the contract, in the fall of 2004, SatCon will deliver prototype hardware that can be used in a modular 5 to 8 kW size system with the goal of introducing this capability into next-generation PV systems. “SatCon has seen an increase in the work we are doing for high power inverters for alternative energy applications,” said SatCon President and CEO David Eisenhaure. “We recently introduced a new 100-kW Photovoltaic Power Conditioning System (PCS) for industrial solar applications and announced work we are doing for fuel cell applications for large industrial distributed, on-site, power generation. The work we will be doing here complements that effort by introducing our inverters into the residential and commercial photovoltaic market, which we believe will be another component of a networked energy system that could replace our outdated utility grid and reduce our dependence on fossil fuels and foreign oil.”
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