SatCon Technology Corporation (Nasdaq CM: SATC), a developer of power management and system architecture solutions for the alternative energy and distributed power markets, announced that its SatCon Applied Technology division has been awarded an additional $2.5M contract with a California customer for the next phase of pulse power equipment capable of providing 8.8 megawatts of power for several seconds. The total system will have pulse power capabilities in excess of 18 megawatts.
Delivery of the first stage is scheduled for June 2007 and this new Stage 2 delivery is scheduled for October 2007. This pulse power application is an adaptation of SatCon’s high power electronics and flywheel energy storage products. SatCon’s Chief Executive Officer, Dave Eisenhaure, stated, “This contract supports leadership in supplying power conversion and energy storage products. 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.”
The award expands on SatCon’s portfolio of power electronics products with the development of an integrated pulse power energy storage system. This technology has direct applicability to both civilian and government customers.
About SatCon Technology Corporation
SatCon Technology Corporation is a developer and manufacturer of electronics and generators/motors for the Renewable Energy, Hybrid-Electric Vehicle, Grid Support, High Reliability Electronics and Advanced Power Technology markets.
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