American Superconductor (AMSC) Licenses Wind Turbine Designs to Hyundai

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11:32:51 am on October 15, 2008

American Superconductor (AMSC) announced that it has licensed two of its wind turbine designs, the 1.65 MW and 2MW doubly fed induction versions, to South Korea’s Hyundai Heavy Industries, the world’s largest shipbuilder and global supplier of electrical equipment.  Hyundai plans to begin production on the turbines at the end of 2009 and will initially target the US market.

“Hyundai Heavy Industries is one of the largest manufacturers of high quality, large-scale electro-mechanical equipment and turnkey systems in the world,” said AMSC founder and Chief Executive Officer Greg Yurek. “We are honored to have been selected by HHI to provide them with our proprietary wind turbine designs and core electronic components. We believe they will become the first company to sell substantial numbers of AMSC Windtec-designed wind turbines in the U.S., which is the world’s second largest wind power market.”

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