in News Departments > FYI
print the content item

Westborough, Mass.-headquartered American Superconductor Corp. (AMSC), a provider of power electronic systems, has agreed to acquire Power Quality Systems Inc. (PQS), a West Mifflin, Pa.-based supplier of static VAR compensators, for an all-stock transaction of approximately $3.8 million.

"The proprietary technology PQS has developed and marketed over the past 10 years will significantly enhance AMSC's reactive compensation product offerings," says Greg Yurek, AMSC's founder and chief executive officer. "By combining PQS product offerings with AMSC's control system technology and transmission grid engineering expertise, we expect to be able to more effectively address larger-scale SVC order opportunities from utilities."

According to AMSC, the acquisition is expected to close in April of 2007.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Canwea_id1984
Renewable NRG_id1934