CANMET to Invest in Sustainable Energy InverterFebruary 04, 2003 by Jeff Shepard
Sustainable Energy Technologies Ltd. (Calgary, Alberta) announced that the CANMET Energy Technology Centre (CANMET) of Natural Resources Canada will contribute $100,000 to the cost of commercializing the company’s renewable energy inverter for grid-connected solar photovoltaic markets. Under the contribution agreement, CANMET will contribute 32 percent of costs incurred to a maximum of $100,000.
“The contribution by Natural Resources Canada reflects the critical importance of advanced power electronics to the integration of renewable and alternative energy systems,” said Sustainable Energy President and CEO Michael Carten. “Investments in new technologies, like those being developed by Sustainable Energy and others, represent Canada’s best opportunity to contribute to meeting the threat of Climate Change around the world.”
Sustainable Energy’s renewable energy inverter incorporates patented power inverter technologies developed by the company for residential fuel cell applications. The company has been successfully testing a 5kW version of the renewable energy inverter with a commercial-scale solar photovoltaic array for several months, and it is in the final stages of product commercialization.