Satcon Achieves #1 Position in North American Solar Inverter Market for Q1 2011
Date: 05/23/2011
Company: Satcon Technology Corporation
Source: Satcon
BOSTON, May 23, 2011 (BUSINESS WIRE) –
Satcon Technology Corporation(R) (NASDAQ CM: SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market, today announced that it has achieved the number one position in market share for the North American solar inverter market. The data, published in IMS Research’s Q1 2011 PV Inverter Quarterly Market Tracker Report, shows that Satcon shipped the most total megawatts of any inverter manufacturer in the Americas in Q1 2011.
“Satcon was one of the biggest market share gainers in Q1′11, gaining considerable share in the Americas in particular,” said Ash Sharma, Research Director at IMS Research. “They continue to demonstrate impressive growth in the Americas and Asia and this will be extremely important for the future as these markets are predicted to drive global demand.”
