AMSC Increases Contracts

NAW Staff, Tuesday 12 September 2006 - 01:00:00

American Superconductor Corp. (AMSC), a Westborough, Mass.-headquartered vendor of high temperature superconductor wire and machinery and a supplier of grid stabilization products, has recently received $4.6 million of new orders for D-VAR systems for wind farms in Australia, Canada, New Zealand and the U.K. According to the company, the D-VAR allows operators to regulate the voltage of individual wind turbines to optimize their operation and output.

The latest orders will increase the amount of wind-generated electricity served by AMSC's power electronics solutions to more than 1.8 billion W (1,800 MW) - close to the company's two billion watt objective for March 31, 2007, AMSC says.

"The performance of the power electronic systems business unit has surpassed our expectations for this fiscal year," says Greg Yurek, AMSC's chief executive officer. "Following closely on the heels of several other contracts, these new orders are expected to enable us to grow revenues for this business unit by 50 percent year-over-year to more than $22 million."



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