Sustainable Energy Technologies Ltd.
TSX VENTURE : STG

Sustainable Energy Technologies Ltd.

March 15, 2010 16:15 ET

Sustainable Energy Partners With changetec GmbH to Enter German Solar Market

FREIBERG, GERMANY--(Marketwire - March 15, 2010) - Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy") announced today that it has agreed to supply changetec GmbH ("Change Tec"), a German solar distributor, with an initial 2 MW of SUNERGY ELV (extra low voltage) solar inverters for distribution under private label to the German solar market in 2010.

changetec is part of the SolarConsult AG, group of companies, the leading German solution provider for low voltage systems with more than 1800 systems installed across Germany.

"Sustainable's 'SUNERGY ELV' is the perfect addition to our low voltage inverter portfolio." said Marten Zotner, the CEO of changetec. "With its high power output and high efficiency, it is the ideal inverter for industrial rooftop projects."

First deliveries under this contract are expected to begin in the next two months. In addition to distributing SUNERGY inverters, changetec will provide after-sales support and repair services for all SUNERGY Low Voltage (LV) and Extra Low Voltage (ELV) inverters distributed by Sustainable Energy and its other German partners in Germany.

"We are very excited about our partnership with changetec," said Axel Hartung, Vice President of Sustainable Energy. "Their widely diversified and highly regarded network of distributors throughout Germany is the perfect first sales channel for our products in what is still the largest solar PV market in the world. Our partnership is an important milestone for Sustainable Energy and we are looking forward to a long and prosperous relationship."

The SUNERGY LV and ELV inverter platform enables solar PV panels to operate at their optimum power output in "parallel" with other panels within the system. 

With system operating voltages set to the inherently low voltages of the solar PV panels, the parallel system architecture eliminates the risk of serious injury making it the ideal solution for applications where public safety is a concern.

A parallel system design also increases total system power output from 5% - 15% depending on site conditions, and eliminates the need for site specific custom design, allowing systems to be designed and installed by mainstream building trades.

Sustainable Energy's patented technologies enable the parallel system architecture in higher power ratings using an industry standard form factor and at a cost and efficiency that ranks with the leading conventional solar inverters.

About Changetec GmbH:
Based in Freiberg, Germany, Changetec GmbH www.changetec.de is a part of the SolarConsult AG www.solarconsult.de group of companies which was a diversified sales network throughout, and installers, and more than 1,800 installations. 

About Sustainable Energy:
Sustainable Energy (www.sustainableenergy.com) designs, manufactures and distributes power inverters for grid-connected solar PV systems. Advanced power inverters are a critical enabler of all modern solar PV power systems converting the direct current ("DC") power output of the solar PV modules into the high quality alternating current ("AC") power required by the power grid. Advanced power inverters also optimize the performance of the solar PV modules and maintain the integrity and safety of the interconnection with the power grid.

Contact Information

  • Sustainable Energy Technologies Ltd.
    Michael Carten
    Executive Chairman
    (403) 508-7177 #111
    or
    Sustainable Energy Technologies Ltd.
    Robert Bucher
    President & CEO
    (416) 642-5616
    or
    Media Contact:
    Borders + Gratehouse
    Emily Borders
    (415) 963-4174 ext 1
    www.sustainableenergy.com