SATCON TECHNOLOGY TO BUILD FUEL CELL POWER CONVERTERS - E- COMMERCE UTILITY.
SatCon Technology Corp., a leader in power and energy management products, announced that it would build fuel cell power converters for H Power Corp. of Belleville, N.J. The SatCon power converters convert DC electrical output from H Power's fuel cell systems into useful AC electrical power. H Power is a privately held company. Among H Power's shareholders are major strategic investors including ECO Fuel Cells, LLC, an energy services organization owned by electric co-ops; Sofinov Societe Financiere D'Innovation, the technology branch of the largest Canadian pension fund, Caisse de Depot et Placement du Quebec; Singapore Technologies Automotive Ltd., part of a multi-billion dollar conglomerate in Asia; and Duquesne Enterprises Inc., which acquires and develops companies involved in electronic commerce, communications, and energy services and technologies and is a wholly-owned subsidiary of DQE.
"We are pleased to be working with H Power on their fuel cell power generation system," says David Eisenhaure, SatCon's President and CEO. "The alternative energy market is continuing to expand to provide environmentally cleaner and more reliable sources of computer grade energy. Fuel cell power generation is one of the growing options that can offer grid-free electricity that will eliminate power outages and voltage fluctuations, a critical need for e-commerce and people and businesses that want to stay "online." n