Satcon (NASDAQ CM: SATC), a provider of utility- and commercial-scale distributed power solutions for the renewable energy market, and Solyndra, a manufacturer of rooftop photovoltaic (PV) systems, today announced a strategic partnership.
Satcon and Solyndra will both market Solyndra’s commercial solar PV systems with Satcon’s commercial solar PV inverters as well as collaborate on new technologies to optimize design, implementation and return on investment of large solar power plants.
The companies said the partnership lays the groundwork for long-term cooperation.
Solyndra solutions enable customers to maximize rooftop solar energy generation through a combination of their unique 360-degree photovoltaic surface and through design flexibility that allows high rooftop coverage.
Satcon (www.Satcon.com) offers a wide range of large-scale inverter power ratings, allowing each solar installation to be tailored to the optimal inverter size for increased system efficiency and performance.
“Our partnership with Satcon allows us to align our respective technologies and give our customers the maximum performance benefit from their systems,” said Dr. Chris Gronet, CEO of Solyndra.
In April, Satcon signed a 330-MW supply agreement with systems integrator Ecostream.
In March, The U.S. Department of Energy offered the first renewable energy loan guarantee--worth $535 million--to Solyndra.
