Satcon Technology Corp.® announced a set of cost reduction initiatives as part of the company’s strategic plan to improve its financial performance and align its global workforce and operations infrastructure.
Under the plan, Satcon will focus product development and marketing efforts on delivering what it says are the industry’s highest performing turnkey solutions for the large scale commercial and utility solar markets with concentration on North America, China, India and Thailand as well as other emerging markets in the Asia-Pacific region. Through a combination of focused research and development, enhanced operational alignment, and continued improvements in the supply chain, Satcon will concentrate its product development resources on cost reduction and delivering best-in-class performance across its entire product portfolio, including an increased emphasis on Prism Platform, Satcon’s next generation turnkey multi-megawatt medium voltage building block.