SatCon To Expand Manufacturing Capacity, Add To Executive Management Team

July 17, 2008 by Jeff Shepard

SatCon Technology Corp. announced that the company will increase manufacturing capacity by 50% in the third quarter of 2008, an additional 20% over original plans developed to address significant growth in the European and Asian markets. The expanded production will focus on the company’s 500 and 225kW PowerGate Plus™ solar PV inverters. The company claims that this initiative is in response to the increase in demand for SatCon solutions due to industry pressure to complete large-scale renewable energy projects prior to the expiration of the current Federal Installation Tax Credit (ITC).

"Our customers have communicated a significant increase in demand for our large commercial and utility scale products throughout the balance of 2008 as they race to finish their projects before the end of the year," said Steve Rhoades, SatCon’s President and Chief Executive Officer. "We have made the strategic decision to expand our manufacturing capacity in order to deliver the highest value to our customers and ensure our customers in the U.S. are able to realize the benefits available to them from the current ITC."

The company also announced the addition of Pete DeGraff as Corporate Vice President of Sales and Marketing. DeGraff will lead the development and execution of the global go-to-market strategies for SatCon’s products and solutions, including marketing and sales programs that focus on the company’s solutions for renewable energy.

DeGraff comes to SatCon with over 15 years of sales and marketing leadership expertise in rapid growth technology organizations. He was most recently the Vice President of World Wide Alliances at i2 Technologies, where it is said that he organized a highly successful global channel for its products and solutions.