Satcon Announces Three Year, 330 MW Agreement with Ecostream

BOSTON--(BUSINESS WIRE)--Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale distributed power solutions for the renewable energy market, announced today that it has signed a master supply agreement with Ecostream, one of the world’s leading sustainable energy system providers. Under this agreement, Satcon will provide Ecostream, part of sustainable energy company Econcern, with 330 megawatts of its industry leading renewable energy conversion solutions, including the PowerGate Plus line of solar PV inverters.

Ecostream’s commitment to developing sustainable energy systems with a long-term high return on investment will be supported by Satcon’s highly optimized PowerGate Plus solar PV inverters, which boost system power production and maximize the overall profitability of commercial and utility-scale solar PV systems. Satcon offers the industry’s most advanced renewable energy conversion platform and has delivered thousands of commercial and utility installations - cumulating millions of hours of highly reliable grid-connected power delivery.

“In order to generate the greatest long-term value and return on investment for our customers, we must deliver the highest quality turn-key systems, built with industry leading technology,” said Steven Pleging, managing director of Ecostream. “Our partnership with Satcon will provide us with solutions that will increase total system performance through a combination of advanced capabilities, industry leading efficiency, and field tested reliability.”

With 11 power ratings ranging from 30 kW to 1 MW (UL and CE certified), Satcon offers the most field-tested and proven utility ready power conditioning systems in the industry. Engineered from the ground up to meet the demands of large-scale installations, Satcon PV inverters feature an outdoor-rated enclosure, advanced monitoring and control capabilities, and Edge™, Satcon’s next-generation MPPT solution.

“We believe strongly in Ecostream’s mission of ‘a sustainable energy supply for everyone,’” said Steve Rhoades, Satcon’s President and Chief Executive Officer. “Ecostream is a true innovator in the advancement of reliable and renewable energy worldwide. Satcon is honored to be chosen as a key partner for their renewable energy projects around the world.”