American Superconductor Corporation just announced that is received a large order from China’s CSR Zhuzhou Electric Locomotive Research Institute Co., Ltd. The multi-million dollar order is for 100 sets of AMSC’s wind turbine core electrical components such as the PowerModule(TM) PM3000W. The components, which should be shipped out by the end of this year, will be used in 1.65 MW wind turbines designed by AMS Windtec.
Greg Yurek, AMSC’s CEO, commented on the order in … Read the rest
American Superconductor Corporation announced that it has received an order for its Turnkey D-Var system from Basin Electric Power Cooperative, one of the largest producers and distributors of electricity in the US. The D-VAR (“STATCOM”) reactive compensation solution will be installed near Wright, Wyoming, and used to maintain the stability and reliability of the electric power grid in the area.
According to Virtualization.sys-con.com, the D-Var system will "have a continuous rating of 34 mega-volt-amperes reactive … Read the rest
Second quarter financial results are in for American Superconductor Corporation. The company set a record for itself on revenue, earning $40.4 million. That’s an 87 percent increase over this time last year. Net loss was $4.1 million, or $0.10 per share, which compares favorably to last year’s second quarter net loss of $6.7 million, or $0.17 per share. EBITDAS were were a positive $1.1 million, compared to an EBIDTAS loss of $2.3 million this … Read the rest