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New Release -- Superconductor Week does not edit or endorse the following news release:

IEEE Spectrum Selects American Superconductor's SuperVAR Synchronous Condenser as a Winning Product for 2006

Westborough, MA, Jan. 5: American Superconductor Corporation (Nasdaq: AMSC), a leading electricity solutions company, today announced that its high temperature superconductor (HTS) SuperVAR synchronous condenser has been selected by the editors of IEEE Spectrum as one of the "Best Technology Projects of 2006."  IEEE Spectrum, one of the world's most prestigious and influential technology publications, is the flagship publication of the IEEE, the world's largest professional technology association.  More information>>

The SuperVAR system is a breakthrough product designed to stabilize grid voltages, increase service reliability and help maximize transmission capacity particularly through the management of reactive power.

As IEEE Spectrum explains, "Reactive power is what's required to counteract lagging currents and sagging voltage, and if it isn't supplied quickly or efficiently enough, networks crash or equipment suffers.  Indeed, reactive-power-supply problems are among the chief culprits in an overall power-anomaly and -disturbance problem that costs the United States alone between US $119 billion and $188 billion a year in lost economic activity, according to a 2001 report by the Electric Power Research Institute, in Palo Alto, California.  Such staggering losses add up to 1.2 percent to 1.9 percent a year of the country's gross domestic product, the report noted."

IEEE Spectrum notes that " ... the SuperVAR has several inherent advantages over standard synchronous condensers that do not rely on superconductors.  Because there is no heating in the coil there are virtually no thermal stresses and no losses in its field coils.  Also, thanks to the large air gap between the stator and rotor coils -- a feature that is possible because the current density in the superconducting coils is so high – the machine is able to inject on demand lots of current and, hence, lots of reactive power."

IEEE Spectrum also noted that "SuperVAR is expected to be a cost-effective source of dynamic reactive power.  Its footprint is much smaller than those of equally rated conventional machines -- a very important factor, especially in urban grids where substation space is scarce.  In many places, because of the somewhat haphazard way the grid has been reorganized in the era of restructuring and deregulation, reactive power is not always provided efficiently."

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