American Superconductor (AMSC) Announces SolarTie Solution Targeting Utility Scale Solar Plants

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11:56:07 am on October 12, 2010

American Superconductor (AMSC) announced this morning its new SolarTie Grid Interconnection Solution which combines its D-VAR STATCOM and PowerModule power conversion systems for a fully optimized solution to target utility scale solar plants.  It’s expected to be a $2 billion market within the next five years.

“AMSC’s SolarTie solution offers grid-management support, reactive compensation and grid interconnection, all of which are required by utility-scale PV plant developers,” said Ash Sharma, Research Director at IMS Research. “As a result, AMSC’s product appears well positioned for this growing market.”

Shares of AMSC continue to run higher following the breakout from a few days ago, up another 4%.

==> Get A Free Daily Technical Analysis Report For AMSC Here

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