Satcon Technology Corporation, provider of renewable energy power conversion solutions, today announced a three-year agreement with Samsung to supply the power inverters for Samsung’s worldwide solar power plant projects. Under the agreement, Samsung will use Satcon PowerGateTM Plus inverters, and will also have the exclusive right to market and sell Satcon solutions in the rapidly growing Korean renewable energy market. Samsung will also provide maintenance and warranty services for Satcon in Korea.
Samsung America President, K.D. Kim, said, “We have worked closely with Satcon on several utility scale solar projects, and we believe they provide the best quality and most reliable power conditioning solutions on the market.”
Satcon’s President and CEO, Steve Rhoades, commented on what the agreement means for the future. “Together, the companies are committed to delivering the industry’s most efficient and reliable renewable energy production. Satcon looks forward to significant growth as a result of this partnership.”
Satcon Technology is the leading provider of utility scale distributed power solutions for the renewable energy market, with a strong track record in the design of power control systems for the solar photovoltaic, stationary fuel cell, wind-turbine, and energy storage markets. Satcon develops power conversion electronics, power management and distribution systems, hybrid electric vehicle technology, electric machinery, and advanced electronic material applications. The Satcon Applied Technology Division has more than 150 patents and has received more than 150 Small Business Innovation Research awards from the Department of Energy, the Department of Defense, and NASA.
Satcon emphasizes its ability to transition advanced technology into compelling products, providing the critical bridge between clean energy sources and large-scale power grids. The company delivers the most scalable and reliable solutions in the renewable energy market, with the widest range of power ratings in the industry.
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