American Superconductor Corporation just announced that it has received $12 million in funding from the US Department of Energy. The funding comes from the American Recovery and Reinvestment Act and will fund smart-grid related projects. Here’s a breakdown:

$4.8 million to wrap up development of a three-phase 138 kilovolt (kV) fault current limiter (FCL) using the company’s 344 superconductors and low-inductance coil technology developed by Siemens.

$7.6 million to help complete phase II of AMSC’s … Read the rest