BringOutZaGunn

Note: I cannot find it on the wiki and sorry if I posted this in the wrong topic I wasn't sure

Hi all, I'm new to tekkit and I'm in the process of playing with some friends and I noticed a machine called a ME condensor. Thinking this was the energy condensor (I'm new didn't know it had been removed) I crafted it. Now I have this ME condensor that I have no idea what it does. Can someone shed some light on what it is and how it works? Thanks!