SatCon Receives Orders for Digital Fuel Cell Controllers
SatCon Technology Corporation(R) (NasdaqNM: SATC), a leader in power and energy management products, announced today that SatCon Power Systems has received orders for its StarSine(TM) Power Conditioning System (PCS) from FuelCell Energy (NasdaqNM: FCEL) to provide the electrical balance of plant for several of FuelCell Energy's Direct (DFC(R)) fuel cells. The StarSine PCS systems ordered by FuelCell Energy are designed for its sub-megawatt and megawatt class power plants. Details of the order were not disclosed.
"This order from FuelCell Energy is a significant development for SatCon," said David Eisenhaure, SatCon president and chief executive officer. "Fuel cells represent a potential supplement and/or replacement for grid distributed electrical power by generating highly-reliable, environmentally clean electrical power on-site or close to the end-user. The electronics and controllers provided by our PCS enable fuel cells to provide high-quality electrical power that looks and feels like the utility grid but with increased reliability."
"We're very pleased with the effort that SatCon has put into integrating their electronics with our fuel cell systems," said Jerry D. Leitman, president and chief executive officer of FuelCell Energy. "This order with SatCon demonstrates our strategic objective to strengthen and diversify our balance of plant suppliers to enhance the economics of our fuel cell power plants as we continue our path to commercialization. "
"We will manufacture our StarSine PCS products based on our MegaVerter(TM) power blocks and advanced digital controls that were specifically designed for alternative energy applications," said Eisenhaure. "We believe that these power conditioning systems are an enabling solution that allows our customers, like FuelCell Energy, to provide both grid independent and grid parallel solutions to the growing need for cleaner, more reliable electrical power."
These sub-megawatt fuel cell power plants could provide both grid-independent and grid-parallel supplemental power for use in a variety of commercial and industrial applications, from on-site power generation to offsetting peak loading. Megawatt sized applications could include on-site power generation for larger scale commercial and industrial applications like factories or in providing utilities with peak shaving capability. A megawatt fuel cell system could supplement the power to over 400 homes.
The StarSine PCS has been specifically designed to provide high performance power conversion for alternative energy generators including fuel cells, photovoltaic arrays (solar), microturbines, wind-turbines, flywheels and flow batteries. The StarSine PCS is also inherently designed to combine alternative energy generators with advanced energy storage devices including advanced batteries and flywheels to provide uninterruptible power (or UPS systems). The StarSine PCS is the heart of these innovative UPS systems and enables new energy sources to be applied to high value critical power applications. This product is part of a family of products including our rotary UPS designed to provide high quality, reliable power.
About FuelCell Energy, Inc.
FuelCell Energy, Inc. (www.fuelcellenergy.com), based in Danbury, Connecticut, is a world-recognized leader for development and commercialization of high efficiency fuel cells for electric power generation. The Company's Direct FuelCell(R) (DFC(R)) technology eliminates external fuel processing to extract hydrogen from a hydrocarbon fuel. This results in a product whose cost, combined with high efficiency, simplicity and reliability, results in product advantages for stationary power generation. The Company has been developing DFC technology for stationary power plants with the U.S. Department of Energy through the National Energy Technology Laboratory, whose advanced fuel cell research program is focused on developing a new generation of high performance fuel cells that can generate clean electricity at power stations or in distributed locations near the customer, including hospitals, schools, data centers and other commercial and industrial applications.
About SatCon Technology Corporation
SatCon Technology Corporation manufactures and sells power and energy management products for digital power markets. SatCon has three business units: SatCon Power Systems manufactures and sells power systems for distributed power generation, power quality and factory automation. SatCon Semiconductor Products manufactures and sells power chip components; power switches; RF devices; amplifiers; telecommunications electronics; and hybrid microcircuits for industrial, medical, and aerospace applications. SatCon Applied Technology develops advanced technology in digital power electronics, high-efficiency machines and control systems with the strategy of transitioning those technologies into products. For further information, please visit the SatCon website at www.satcon.com.
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