Satcon (SATC) Launches Next Gen Solar Power Inverter, Equinox

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11:17:15 am on October 12, 2010

Satcon Technology (SATC) is having a good day today.  The stock is breaking out to a new 52 week high after announcing a deal with a 63MW solar plant for its Solstice system and have also announced the launch of their next generation solar power inverter, the Satcon Equinox.  The new inverter builds upon the success of the industry leading PowerGate inverter offering improved efficiencies up to 98.5%.

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“As the leading solution provider for large scale systems in North America, Satcon continues to deliver the technical innovation that radically improves the value equation for large scale solar power plants,” said Steve Rhoades, Satcon’s President and Chief Executive Officer. “The challenges of multi-megawatt installations demand a specialized set of technological and system design expertise. With Solstice and Equinox, it’s more than just building better inverter engines for large scale solar plants; it’s about delivering the multi-megawatt building blocks that enable stepped improvements in system performance, uptime, and grid stability.”

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