American Superconductor Corporation (AMSC) Scores Deal For Chinese Power Grid

Posted by | # |
10:16:14 am on January 7, 2009

American Superconductor Corporation announced yesterday that the company has just received its first order from the Chinese power grid market. The order, placed by Beijing SNTA Electric Power Technique Co., was for one of AMSC’s D-VAR voltage regulation systems. Under the contract, AMSC will provide Beijing SNTA Electric Power Technique Co one of these systems by the middle of this year.

The D-VAR system makes it possible for wind farms to connect to the larger power grid and sell the electricity they produce. Here’s more information about the system and about AMSC’s stock price from

D-VAR reactive compensation systems are classified as Static Compensators, or STATCOMs, a member of the Flexible AC-Transmission System family of power electronic solutions for alternating current power grids. American Superconductor also said it has received orders for over 60 STATCOM power grid solutions worldwide, and its customers include more than 20 electric utilities and 40 wind farms.

Shares of American Superconductor gained $1.12, or 6.5 percent, to $18.58 in morning trading. The stock has traded between $8.22 and $47.53 over the past 52 weeks.

Tags: , ,
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.


No comments yet.

Leave a comment