SatCon Reports $1M in Fuel Cell Component Orders

July 15, 2004 by Jeff Shepard

SatCon Technology Corp. (Cambridge, MA), a leader in power and energy management, reported that it has logged more than $1 million in new orders for components it manufactures for use with fuel cells. SatCon said the components are to be used with the alternative-energy fuel cells to create electric power in office buildings, small factories, hotels and other facilities.

"Sales for our PCUs for alternative energy applications have been strong this fiscal year," said SatCon President and CEO David Eisenhaure. "Since the beginning of our fiscal year, we have received approximately $3.5 million dollars in orders for our PCUs for alternative energy applications, including fuel cells, photovoltaics (solar) and advanced battery applications.