SatCon Technology Corporation
| Public | |
| Traded as | OTC Pink (No Information): SATCQ |
| Industry | Semiconductor – Integrated Circuits |
| Founded | 1985 |
| Headquarters | Boston, Massachusetts, United States |
Key people |
Charles Steve Rhoades ( Chief Technology Officer and Exec. VP) (2011.12.31) |
| Products | Power conversion solutions, utility-ready solar PV system |
| Revenue | $ 129.01M (2012.7.30) |
Number of employees | 246 (2012.7.30) |
| Website |
www |
Satcon Technology Corporation (est. 1985) is a clean energy technology company based in Boston, Massachusetts. It's markets include utility-grade power conversion solutions (from renewable energy to stable power) and systems for utility-scale solar photovoltaic (PV) plants.
Satcon filed for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code on October 17, 2012[1] and it announced to change to liquidate under Chapter 7 on February 7, 2013.[2] As part of the settlement Perfect Galaxy and Great Wall purchased the company's assets including all Satcon Intellectual Property and Patents.[3]
History
In 1985, Satcon Technology Corporation was created out of MIT/Draper Labs. In 1992, Satcon went public on NASDAQ. In 2003, Satcon introduced the first 100 kW PV inverter in a single cabinet, PowerGate, and in the next five years introduced 225 kW, 500 kW, and 1MW PowerGate series. Inverters convert the direct current (DC) power into usable alternating current (AC) power. Between 2009-2011, Satcon introduced other more product series, such as Prism, Solstice. In 2012, the company introduced Equinox LC for the light commercial solar market.[4] In 2013, Perfect Galaxy and Great Wall purchased the company's assets including all Satcon Intellectual Property and Patents.[3]
Products
The company mainly has three production lines: Solstice, a power harvesting and array management solution for utility-class power plants; Prism Platform, an integrated 1 or 1.25MW solution for utility-scale solar PV installations; Equinox, a power conversion solution for grid-connected electrical power. Other products include Equinox LC; PowerGate Plus; PV View Plus and Satcon Smart Combiner, monitoring service via Internet; Energy Equity Protection and Other Legacy Power Products (such as static disconnect switches).[5]
References
- Gara, Tom (October 17, 2012). "Satcon Files For Bankruptcy, In A Tough Week For Clean Energy". The Wall Street Journal. Retrieved 14 March 2014.