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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Canada Makes Historic Investments in Tidal Energy in Nova Scotia
HALIFAX - Canada has an abundance of renewable energy sources that are helping power our country's clean growth future and the Government of Canada is investing in renewables to reduce emissions, create jobs and invigorate local economies in a post COVID-19 pandemic world.
The Honourable Seamus O'Regan, Canada's Minister of Natural Resources, today announced one of Canada's largest-ever investments in tidal energy — $28.5 million to Sustainable Marine in Nova Scotia to deliver Canada's first floating tidal energy array.
Sustainable Marine developed an innovative floating tidal energy platform called PLAT-I that has undergone rigorous testing on the waters of Grand Passage for…
