AMSC receives order for 17 wind-turbine systems
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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Disrupting Electricity? This Startup Is Digitizing Our Very Analog Electrical System
NEW YORK - Electricity is a paradox. On the one hand, it powers our most modern clean cars and miracles of computing like your phone and laptop. On the other hand, it’s one of the least updated and most ready-for-disruption parts of our homes, offices, and factories.
A startup in Silicon Valley plans to change all that, and has just signed deals with leading global electronics manufacturers to make it happen.
“The end point of the electrification infrastructure of every building out there right now is based on old technology,” Thar Casey, CEO of Amber Solutions, told me recently on…
