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SatCon Awarded $2.7M Contract for Energy Storage and Delivery System
Source: Posted: 12-04-2006 at 09:00:45
| SatCon Technology Corporation(R) (Nasdaq CM: SATC), a developer and manufacturer of power systems and technologies for alternative energy and power distribution, today announced that it has been awarded a $2.7M Stage 1 contract for an energy storage and delivery system capable of providing 8 megawatts of power for several seconds. When the total system is fully implemented the power levels will be in excess of 20 megawatts. 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 of Solar, Fuel Cell and Wind farm installations. |
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