www.QualityStocks.Net would like to highlight Satcon Technology Corp. (Nasdaq: SATC). The company is the leading provider of utility scale distributed power solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 22 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, wind-turbines, and energy storage systems.
In the company’s news yesterday,
Satcon Technology Corporation 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 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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