SatCon Technology Corp (Nasdaq CM: SATC), a developer of power management and system architecture solutions for the alternative energy and distributed power markets, has received an order for over $2.8 million from FuelCell Energy, Inc. (NasdaqNM:FCEL).
The order is for SatCon’s PowerGate® inverters and electrical balance of plant equipment. The inverter power system will be used on FCEL’s megawatt-class fuel cells. Delivery is scheduled over the next four to nine months. “This order represents a clear sign that fuel cell power plants are a commercial reality”, said Clemens van Zeyl, President of SatCon Power Systems.
PowerGate(TM) inverters are designed for use with alternative energy power systems to generate distributed electrical power. Alternative energy systems can alleviate congestion on highly loaded utility electrical distribution networks and offer an alternative to power line extensions in remote areas. Many alternative energy power systems require high-power, high-reliability inverters and controls to convert the power generated to useable AC power compatible with the electric power grid.
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