Sustainable Energy Expands Fuel Cell Customer Base
03 September 2003
Author:
Provider: CCN Matthews
CALGARY, ALBERTA, Sep 3, 2003 (CCNMatthews via COMTEX) -- Sustainable Energy Technologies (TSXV: STG) announced today that it has completed deliveries of several bi-directional, grid-interactive inverters to a leading developer of stationary fuel cell systems. The product placement is part of a larger order, with additional units being delivered over the next three months.
"With this sale, Sustainable Energy has established itself as a market leader in developing power electronics solutions for small-scale stationary fuel cell systems," said Michael Carten, Sustainable Energy's President & CEO. "Our patented power inverter technology supports a remarkably simple platform that meets the power electronics challenges of grid-interactive stationary fuel cells, eliminating system complexity, and achieving one of the industry's highest average electrical conversion efficiencies.
"Most importantly," Carten added, "the design offers the best opportunity to achieve the alternative energy industry's long-term cost, efficiency and reliability targets."
Grid-interactive inverters are an important part of the emerging market for smaller decentralized power systems that will improve the reliability of North America's power infrastructure and contribute to a cleaner environment. Inverters convert the power output of alternative energy generation and storage devices into the high quality power that is required by the power grid. Inverters also manage the interface between the power source and the grid to optimize the efficiency of the alternative power source, and to ensure the integrity and safety of the system in the case of power outages.
According to industry analysts, the market for renewable energy inverters, such as those manufactured by Sustainable Energy, will be one of the fastest growing sectors in the electrical industry over the next five years.
Sustainable Energy's power inverter platform is easily adapted to a variety of alternative energy technologies and applications. The same platform developed for fuel cell applications will also support a range of power inverter products for the solar power industry. The Company will introduce a 5kW grid-interactive inverter for the solar power market later this year.
Based in Calgary, Alberta, Sustainable Energy is a leader in developing and manufacturing intelligent power electronics products for the alternative and renewable energy industries.
Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.
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