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AMSC Receives PowerModule(TM) Order for VRB Power Systems Wind Energy Storage
Device
Westborough, MA 17 April 2007:
American Superconductor
Corporation (NASDAQ:
AMSC), a leading energy technologies company, announced today continued
growth in orders for its power electronics solutions for the global wind power
market. The company's PowerModule(TM) power converter technology has been
selected to manage power for a unique wind energy storage system - a new product
that is expected to increase the uniformity of electricity from wind farms. AMSC
also reported another new order for its D-VAR(R) reactive compensation product -
in this latest case to enable connection of a wind farm in Scotland to the local
power grid.
AMSC's PowerModule power electronic converters
have been ordered by VRB Power Systems, Inc. ("VRB
Power") of Vancouver, British Columbia and will be integrated into their
energy storage systems. This energy storage technology, developed by VRB Power,
has the ability to store excess wind-generated energy when the demand is low,
and release it when the demand exceeds the available wind generated power. The
storage system has the potential to increase the supply reliability of wind
energy and reduce the cost of the reserve requirements from generation plants.
This is a new application for PowerModules in the renewable energy space and
expands the breadth of AMSC's offerings in the wind industry.
"AMSC's wind energy solutions are the products of
choice for today's wind farm developers and contractors seeking to develop and
deploy world class, wind-generation systems," said Greg Yurek, founder and CEO
of AMSC. "The D-VAR has become the standard for wind farm operators facing
strict grid interconnection standards while the PowerModule's flexibility and
configurability makes it ideally suited for many industries and applications
such as the renewable energy market."
AMSC also reported an order for a six megaVAR (MVAR)
D-VAR system from Scottish Hydro Contracting for the Millennium wind farm, which
is under construction in Scotland. This system will help regulate voltage so the
40-megawatt (MW) wind farm can meet the United Kingdom's grid interconnection
standards. The Millennium wind farm will be the ninth wind farm located in the
United Kingdom and the 26th wind farm worldwide to utilize AMSC's D-VAR
solution. Delivery of the system is expected in the second half of calendar
2007.
With the addition of the Scottish wind farm and
the VRB order, AMSC now has an installed base and orders for D-VAR and
PowerModule solutions to serve nearly 3,000 megawatts (MW) of wind power
worldwide - triple the amount served by AMSC 12 months ago. With approximately
15,000 MW of wind power capacity installed worldwide in 2006, the additional
2,000 MW served by AMSC over the past year represents a significant share of the
overall wind power market.
About VRB Power Systems
Headquartered in Vancouver, Canada, VRB Power
Systems Inc. (Toronto Stock Venture Exchange: VRB) is an energy storage
technology developer which is marketing, selling and manufacturing products
utilizing the patented VRB Energy Storage System ("VRB-ESS(TM)"). The VRB-ESS is
particularly beneficial to renewable energy providers, utilities and end users
through its ability to "inventory" electricity, allowing for the optimal match
of supply and demand. Enabling the provision of "firm" capacity from
intermittent renewable generation such as wind and solar; more cost effective
and efficient generation of electricity in remote areas; capital deferral for
utilities; and load leveling (peak shaving) applications. More information is
available at www.vrbpower.com
.
About Scottish Hydro Contracting
Scottish Hydro Contracting is the local business
of Southern Electric Contracting in Scotland. The business offers a full range
of mechanical and electrical contracting services including high voltage,
electrical and instrumentation, inspection and test, and data communications.
Clients in Scotland include the National Health Service (NHS), Tesco, Glaxo
SmithKline, Aberdeen University and a range of local authorities. More
information is available at
www.sec.eu.com .
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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