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New
Release -- Superconductor Week does not edit or endorse the following
news release: AMSC Continues
Sales Growth in Wind Energy Market with Domestic and International D-Var(R)
Orders
Westborough, MA, 28 February 2007:
American Superconductor
Corporation (NASDAQ:
AMSC), a leading energy technologies company, announced today that it has
received new orders for its D-VAR(R) voltage regulation systems for wind farms
in Northern Ireland and Texas. With these additional orders, AMSC now has an
installed base and orders for D-VAR and PowerModule(TM) solutions to serve more
than 2,900 megawatts (MW) of wind power worldwide - nearly triple the amount
served by AMSC 12 months ago.
"Our D-VAR solutions have become a primary,
cost-effective means to enable developers to connect their wind farms to the
power grid and sell their wind-generated electricity to customers," said Chuck
Stankiewicz, senior vice president of AMSC Power Systems. "Strict grid
interconnection standards in the United Kingdom and other countries make dynamic
reactive compensation devices a requirement at many wind farms. Our D-VAR
solution, which will now be serving 25 wind farms in five countries around the
world, is uniquely suited to meet this need."
Stankiewicz continued, "Our D-VAR solution has
proven itself to wind farm owners, developers and operators over the past
several years as the most flexible and reliable product on the market. The
latest order in Northern Ireland represents the eighth wind farm in the U.K.
that will utilize the power and flexibility of our D-VAR solutions. We expect
this number will continue to grow as the U.K. works toward its goal to generate
10 percent of its electricity from renewable energy sources by 2010."
According the British Wind Energy Association,
the installed base of wind generated electricity in the United Kingdom rose 48
percent in 2006 to 1,963 MW.
Stankiewicz noted that the new Texas wind farm
installation for which the company received a D-VAR order was determined by the
local transmission grid owner to require dynamic reactive support to maintain
voltage stability when the wind farm is connected to the grid. AMSC's D-VAR
system was selected to meet this requirement.
According to the American Wind Energy
Association, wind power generating capacity in the United States increased by 27
percent in 2006 to 11,603 MW. Texas accounted for nearly a third of all new
installed capacity in 2006 and currently has approximately 774 MW of capacity on
line, the most wind power of any state.
About AMSC
AMSC (American Superconductor Corporation -
NASDAQ: AMSC) is a leading energy technologies company. The company develops and
sells a wide range of products and solutions based on power electronic systems
and high temperature superconductor (HTS) wires that dramatically improve the
efficiency, reliability and quality of electricity during its generation,
transmission, distribution and use. The company is a dominant force in
alternative energy, offering grid interconnection solutions as well as licensed
wind energy designs and electrical systems. As the world's principal supplier of
HTS wire, AMSC is enabling a new generation of compact, high-power electrical
products, including motors, generators, power cables, grid-level surge
protectors, and advanced transportation and defense systems. AMSC also provides
utility and industrial customers worldwide with voltage regulation systems that
dramatically enhance power grid capacity, reliability and security, as well as
industrial productivity. The company's technologies are protected by a broad and
deep intellectual property portfolio consisting of hundreds of patents and
licenses worldwide. More information is available at
www.amsuper.com.
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