Friday, July 30th, 2010

BUY Satcon Technology Corporation (SATC) – last $2.14

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BUY Satcon Technology Corporation (SATC) – last $2.14; 8:48am …  SATC provides utility grade power solutions for the renewable and distributed energy markets worldwide. It offers products to convert renewable energy sources into electrical power to businesses and utility companies. The company operates in two segments, Renewable Energy Solutions and Applied Technology. The Renewable Energy Solutions segment produces and sells PowerGate Plus suite of photovoltaic and fuel cell power inverters; micro grid and smart grid solutions; and legacy power products, including static transfer switches, static voltage regulators, frequency converters, and alternate current arc furnace line controllers. The Applied Technology segment develops, designs, and builds power conversion electronics, power management, and distribution systems for various defense and commercial applications. This segment?s products are used in distributed power generation, energy storage and power quality, high performance electric machinery, transportation, and defense systems, including components for military hybrid-electric vehicles, ?all-electric? ships, and aircraft subsystems. The company also offers system design services and solutions for management, monitoring, and performance measurement to large-scale renewable energy plants. Satcon Technology Corporation sells its products and services through direct sales personnel, distributors, and sales agents. The company was founded in 1985 and is headquartered in Boston, Massachusetts. … SATC recently announced that it has been selected for the 10-megawatt Exelon City Solar photovoltaic (PV) power plant, the nation’s largest urban solar power plant, which will be built at a former industrial site in the West Pullman neighborhood on Chicago’s South Side. The site, owned and operated by Exelon Generation, was designed and is being constructed by SunPower Corp., a manufacturer of high-efficiency solar cells, solar panels and solar systems. The 41-acre solar facility will utilize Satcon Prism™, a fully customizable one megawatt medium voltage package complete with factory integrated step-up transformers, switchgear, and electronics. The Prism solutions will connect nearly 32,300 SunPower solar panels to the local utility and efficiently convert the sun’s rays into enough clean, reliable electricity to meet the annual energy requirements of up to 1,500 homes per year. “The Exelon City Solar project demonstrates solar power’s integration as a stable and viable core contributor into one of the country’s largest energy markets,” said Howard Wenger, president, global business unit at SunPower. “This project is a clear example of the unique demands of large scale solar power generation, and required that we design a system that is comprised of the industry’s highest performing and most reliable components. Satcon’s experience and expertise in large scale solar made them the natural choice for us.” The Exelon City Solar plant will combine Satcon’s Prism solution, designed to deliver the highest levels of energy harvesting, efficiency and system uptime, with SunPower panels, which generate up to 50 percent more power than conventional solar panels and two to four times as much power as thin-film solar technology. The site will also use SunPower® Trackers, solar tracking systems that tilt toward the sun as it moves across the sky, increasing daily energy production by up to 25 percent. Satcon Prism is built on the foundation of the industry standard setting PowerGate(R) Plus 500kW solar PV inverter platform, the most advanced and field proven large scale inverter solution, with over 400 megawatts delivered since 2005. The solution is delivered complete in an all-climate outdoor enclosure and ready to connect to the PV array and utility grid, enabling rapid installation through a modular prepackaged design. “We are honored to be chosen as a key partner by SunPower to deliver our Prism solutions to Exelon City Solar,” said Steve Rhoades, Satcon’s President and Chief Executive Officer. “Satcon’s solutions have been used on some of the largest renewable energy sites in the world with hundreds of millions of grid connect kW hours delivered to date. Exelon City Solar showcases today’s best in class total system solutions, optimally designed to deliver the highest levels of reliable large scale solar power production.” Near term trading pattern suggests consolidation and early accumulation.  SPM+Game Theory 68 LONG with EXIT POINT $6.25.

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