American Superconductor (AMSC) Corp Gets Order From Hyundai

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09:58:13 am on November 18, 2009

American Superconductor Corp just announced that Hyundai Heavy Industries Co., Ltd. has placed a follow on order for 30 sets of electrical control systems to be used in AMSC’s 1.65 MW wind turbines. Hyundai also ordered electrical control systems for their own 2 MW turbine prototype from AMSC. All of the equipment ordered by Hyundai is scheduled to be shipped by May of next year.

In a press release, Timothy Poor, AMSC’s Senior Vice President of Global Sales and Business Development commented on the order:

“HHI continues to scale its manufacturing operation and execute its aggressive growth strategy in the renewable energies market. This follow-on order follows close on the heels of the first electrical control system order HHI placed with us in August 2009, demonstrating that its 1.65 MW wind turbines are quickly gaining traction in the marketplace.”

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