American Superconductor Corporation (AMSC) Gets Korean Order For Superconductor Power Cable

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08:23:16 am on April 20, 2009

American Superconductor Corporation just announced that it has received an order for 80,000 meters of its 344 superconductor wire from a Korean company, LS Cable. LS Cable will use the wire to improve the power grid in the city of Seoul, South Korea. Under the agreement, AMSC will deliver the wire by the end of this year, and LS cable will use it to create a 50 MW superconductor cable system. The high capacity and efficiency of the superconductor wire will help LS Cable create a more reliable, less congested power grid.

In a company press release, Dan McGahn, AMSC Superconductor’s Senior VP and General Manager, commented on the deal:

“This commercial wire order is a significant step forward for the superconductor industry. In addition to being the largest order of its kind, our 344 superconductors will power the first superconductor cable to be installed in a commercial grid outside of the U.S. We see compelling growth opportunities for our superconductor business in Korea, and we are delighted to be working with industry leaders LS Cable and KEPCO on this important project.” 

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