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American Superconductor (AMSC) and LS Cable of South Korea, who is the third largest power cable manufacturer in the world, have announced an expanded superconductor power cable business alliance. The first began working together last year and this expansion calls the collaborative deployment of more than 30 miles of smart grid power cables over the next five years.
The power cable systems manufactured by LS … Read the rest
American Superconductor is forming AMSC Korea to accelerate a push into a growing market for wind energy and power grids. The new HQ will reside in Busan, South Korea and house engineering, sales, biz development and field support for AMSC customers which currently include LS Cable, KEPCO, KEPRI, KERI, Doosan Heavy Industries and Hyundai Heavy Industries.
Dan McGahn, senior VP of AMSC, said, “The country is investing billions of dollars to bolster its power grid … Read the rest
American Superconductor (AMSC) has received an initial order for 17 sets of electrical systems for wind turbines from Hyundai Heavy Industries. South Korea based HHI is the country’s largest shipbuilder and is looking to tap into the wind energy business by partnering with AMSC. The company has licenses for AMSC’s 1.65 and 2MW wind turbine designs and plans to use the electrical components purchased today for use in the 1.65MW doubly fed induction turbines.
Said … Read the rest
Late last week, Ener1 (HEV) announced it has acquired an 83% interest in Enertech International, one of South Korea’s leading lithium ion battery cell producer. It’s intended to broaden Ener1’s production capabilities to take advantage of the global shift to more fuel efficient automobiles.
“Enertech is one of the largest lithium-ion battery producers in Korea, behind only LG Chemical and Samsung,” said Ener1 CEO Charles Gassenheimer. “This acquisition gives us immediate scale and volume … Read the rest