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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Britain Goes Full Week Without Coal Power
LONDON - For the first time in a century, Britain weaned itself off of coal consumption for an entire week.
Reuters reported that Britain went seven days without relying on any power generated by coal-powered stations.
The accomplishment is symbolic of a shift to more clean energy sources; Britain was home to the first coal-powered plant back in the 1880s.
Today, Britain has some aggressive plans in place to completely eliminate its coal power generation permanently by 2025. In addition, Britain aims to cut its total greenhouse gas emissions by 80 percent from 1990 levels within the next 30 years.
Natural gas was the…
