AMSC receives order for 17 wind-turbine systems

subscribe

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.

Related News

tornado survivor

Survivors of deadly tornadoes may go weeks without heat, water, electricity, Kentucky officials say

DAWSON SPRINGS, KY - Residents of Kentucky counties where tornadoes killed several dozen people could be without heat, water or electricity in frigid temperatures for weeks or longer, state officials warned Monday, as the toll of damage and deaths came into clearer focus in five states slammed by the swarm of twisters.

Authorities are still tallying the devastation from Friday's storms, though they believe the death toll will be lower than initially feared since it appeared many more people escaped a candle factory in Mayfield, Ky., than first thought.

At least 88 people — including 74 in Kentucky — were killed by…

READ MORE
california blackouts

Why California's Climate Policies Are Causing Electricity Blackouts

READ MORE

bucket truck workers

Texas utilities struggle to restore power as Harvey hampers progress

READ MORE

nuclear reactors at Hinkley Point in Somerset

Hinkley C nuclear reactor roof lifted into place

READ MORE

towers

Alberta Introduces New Electricity Rules

READ MORE