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

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.


Global Smart Grid Tech Revenue Slated For Solid Growth

According to a report from Navigant Research, annual revenue for smart grid technologies will reach over $70 billion within the next 10 years.


Utilities Partner With Energy Storage To Harness Renewables

As utilities struggle to incorporate the increased use of intermittent renewable energy resources, such as solar and wind power, onto the grid, the power providers are looking to energy storage.


Smart Meter Fire Probe Points To Sensus Design 'Shortcomings'

There has been more fallout in Saskatchewan: An investigation into SaskPower's halted smart meter program says Sensus Generation 3.3 units "have a tendency to leak" and the utility mishandled the rollout.


Two Years After Superstorm Sandy, Utilities Highlight Grid Efforts

As the U.S. reflects on the monster hurricane that struck in October 2012, utilities note what they have done to help protect against future severe weather.

S&C Electric_id176
edf_id180