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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Study: US Power Grid Has More Blackouts Than ENTIRE Developed World
WASHINGTON - The United States power grid has more blackouts than any other country in the developed world, according to new data that spotlights the country’s aging and unreliable electric system.
The data by the Department of Energy (DOE) and the North American Electric Reliability Corporation (NERC) shows that Americans face more power grid failures lasting at least an hour than residents of other developed nations.
And it’s getting worse.
Going back three decades, the US grid loses power 285 percent more often than it did in 1984, when record keeping began, International Business Times reported. The power outages cost businesses in the…
