Sustainable Energy Technologies Ltd.

Sustainable Energy Technologies Ltd.

October 22, 2009 09:30 ET

Sustainable Energy to Base North American Inverter Manufacturing in Ontario

- First Ontario Deliveries for Rooftop and Ground Mount Systems in Q1 2010

TORONTO, ONTARIO--(Marketwire - Oct. 22, 2009) - Sustainable Energy Technologies Ltd. (TSX VENTURE:STG), ("the Company" "STG" or "Sustainable") announced today that it will base North American manufacturing of its SUNERGY™ line of inverters in the Province of Ontario. First deliveries are planned for Q1, 2010.


- Ontario emerging as North American leader in solar PV - estimated 500 - 1,000 MW per year;

- SUNERGY products will meet Ontario "domestic content" requirements for solar PV systems;

- Only outdoor rated product for Canada's extreme climate enables lower costs ground mount solar PV systems and safer lower cost rooftop systems;

- Patented Canadian technologies first to enable intrinsically safe solar PV systems, along with higher total system yields, and a lower cost of ownership;

- Targeting 120MW production capacity by end of 2010; expanding to 250 MW in 2011 to meet North American demand.

By year end, Sustainable Energy will begin manufacturing the second generation version of its patented SUNERGY inverter for North American markets in the Province of Ontario. Sustainable Energy's commitment to Ontario reflects the Province's emerging leadership of the North American solar PV market resulting from the recently enacted Feed-In Tariffs ("FIT") and the Province's commitment to build a sustainable Canadian solar technology and manufacturing infrastructure in the Province.

Sustainable Energy's inverters incorporate patented technologies that are Canada's most significant contribution yet to expanding the use of solar power around the world. For the first time, the superior performance, intrinsic safety, and design flexibility of a "parallel" system architecture is available at a competitive price and with the high conversion efficiencies that the solar industry needs to bring down the cost of solar electricity.

"Ontario creates an entirely new dynamic for Sustainable Energy, enabling us to fully demonstrate the unique advantages of an innovative Canadian technology for the North American market" said Robert Bucher, President & CEO of Sustainable Energy. "We estimate that the Province will see in excess of 500 MW installed in 2010 increasing to as much as 1,000 MW in 2011. Most of this will be in rooftop systems, as major property owners come to fully appreciate the value of owing solar power systems."

In rooftop applications, the extra low operating voltage of the SUNERGY platform enables a system architecture that is inherently safe and that can be installed and maintained by most building trades without the need for PV specialists, significantly reducing the installed system cost and increasing investor yields.

In ground based applications, multiple SUNERGY inverters offer higher system yield, less downtime and easier installation and maintenance, than larger "central" inverters. For these reasons, multiple smaller inverters like SUNERGY are increasingly displacing central inverters in European ground based applications - where system performance rather than name plate capacity is the driver.

The SUNERGY inverter has also been specifically designed with Canadian outdoor installations in mind. It is the only inverter which will deliver full power all day with ambient temperatures ranging from -40 degrees C to +50 degrees C.

Ontario Feed in Tariff

Ontario's "FIT" program reflects best practices from markets worldwide and building on a global trend to focus solar applications to rooftop applications. Rooftop systems hold the most promise for significant economical renewable energy production and currently represent the vast majority of global solar PV systems according to recent data from the Global Demand Surveys.

- Effective October 1, 2009, individuals and companies will be able to sell solar electricity generated by them to the power grid under 20 year contracts at fixed prices per kilowatt hour ("kWh"). The selling prices are $0.443/kWh for ground based systems up to 10MW; $0.539/kWh for rooftop systems above 500kW; $0.635/kWh for rooftop systems above 250kW and below above 500 kilowatts in rated capacity ("kW"), $0.713/kWh for rooftop systems above 10kW and below 250kW and $0.802/kWh for residential systems below 10kW.

- To encourage investment in green manufacturing in the Province, and to create construction and installation jobs, Ontario will require that projects have a minimum domestic content. By January 1, 2011 all components for solar PV systems - including inverters - must be manufactured or sourced in Ontario, with the exception of solar PV modules, where only final assembly or encapsulation of the module is required to be in Ontario.

About Sustainable Energy: Sustainable Energy ( is changing the way the world installs solar power through PARALEX™ a unique line of solar energy products and systems for commercial and public sector markets. PARALEX™ is based on a patented low voltage high yield inverter, with both crystalline and thin film PV modules, which enables a parallel architecture to increase total system yields while also addressing emerging safety concerns. PARALEX™ achieves higher energy yields and operates at intrinsically safe voltages as well as enabling simpler more flexible design that improves module coverage of any rooftop. The result is the lowest cost per kilowatt hour for maximum return on invested capital.

Sustainable Energy's inverter technology is based on multiple patents covering core concepts and control algorithms issued by the US and Canadian patent office with additional patents pending.

Forward Looking Information

The reader is advised that some of the information herein may constitute forward-looking statements within the meaning assigned by National Instruments 51-102 and other relevant securities legislation. In particular, we include: statements concerning the impact of our technology on solar PV system performance; statements concerning the size of the Ontario solar PV market; statements concerning the potential for sales in the markets we have entered and statements concerning the performance of our products. Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Many factors could cause the Company's actual results, performance or achievements, or future events or developments, to differ materially from those expressed or implied by the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

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