Satcon to provide PowerGate inverters to utility

Satcon Technology Corp., the Boston company that makes power generation products for the alternative energy industry, said today that it will deliver its PowerGate Plus inverter to a private European power utility that specializes in renewable energy production.

Satcon said it will deliver 20 megawatts of the 500 kilowatt inverters as part of an agreement with Energy 21.

Energy 21's focus is on the construction and operation of solar plants in the Czech Republic and Slovakia. CE Solar, the project development arm of Energy 21, will deliver and maintain the solar plants beginning in October with completion in spring.

Satcon shares jumped 9.5 percent, or 21 cents, to $2.43 in morning trading today on the Nasdaq Stock Market. The shares have ranged between 98 cents and $3.51 in the past year. (AP)