in News Departments > New & Noteworthy
print the content item

Boston-headquartered Satcon Technology Corp., a provider of utility-scale power conversion products for the renewable energy market, plans to begin liquidation.

The company, which filed for Chapter 11 bankruptcy last October, was unable to find a buyer by its deadline last week, according to court documents cited by Thomson Reuters. Consequently, the bankruptcy will be converted to a Chapter 7 liquidation, and Satcon's assets are expected to sold piecemeal by a court-appointed trustee.

Satcon has not yet released any official statements on the matter. Last October, the company assured customers it had received court approval to continue supporting its warranties, but further availability of that service is now uncertain.

Hybrid Energy Innovations

Hybrid Energy Innovations 2015
Latest Top Stories

To Help Combat Costly Electricity Theft, Emerging Markets Turn To Smart Grid Infrastructure

According to a new report, the world loses a whopping $89.3 billion to electricity theft annually, and emerging country markets are feeling a majority of the pain.


Report: Utilities Face Big Revenue Cuts From Distributed Energy Resources

According to a new report from Accenture, the growth of solar and other resources, such as energy storage, could mean significant losses for utilities.


NextEra To Acquire Hawaiian Electric In $4.3 Billion Merger Deal

If approved, the agreement between the two energy companies would produce one of North America's largest renewable energy players.


EPA Racks Up Over 1.6 Million Comments On Carbon Pollution Plan

Months after the U.S. Environmental Protection Agency released its Clean Power Plan, which will create new regulations for existing power plants, the agency says it has received loads of feedback to consider.


Smart Grid Interest Continues To Spread Among U.S. Rural Utilities

A new survey gauges rural smart grid efforts across the country and offers key findings, one of which is that nearly all utilities polled are doing something to modernize their systems.

S&C Electric_id176
edf_id180