AMSC receives order for 17 wind-turbine systems
SOUTH KOREA - American Superconductor Corp. said it received an order for 17 sets of full wind-turbine electrical systems from South Korea's Hyundai Heavy Industries Co.
Hyundai, which builds ships, turnkey power plants and high-voltage electrical equipment, will use the systems in 1.65 megawatt wind turbines. It will produce the turbines under a license from an American Superconductor subsidiary, AMSC Windtec.
American Superconductor will ship the electrical systems by the end of January 2010. The company did not disclose terms of the deal.
Shares of American Superconductor rose $1.04, or 3.5 percent, to $30.71 in early trading. The stock has shot up 82 percent since the start of the year.
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WASHINGTON - A bloc of local governments and nuclear industry, labor and community groups are pressing Congress to provide a one-time multibillion-dollar boost to the U.S. Department of Energy Office of Environmental Management, the remediation-focused Savannah River Site landlord.
The organizations and officials -- including Citizens For Nuclear Technology Awareness Executive Director Jim Marra and Savannah River Site Community Reuse Organization President and CEO Rick McLeod -- sent a letter Friday to U.S. House and Senate leadership "strongly" supporting a $7.25 billion funding injection, arguing it "will help reignite the national economy," help revive small businesses and create thousands of new…
