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New
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news release:
American
Superconductor Receives Order for Dynamic VAR Compensator System from Grid
Operator in
Iceland
Westborough,
MA, Nov. 14:
American Superconductor Corporation (NASDAQ:AMSC),
a leading electricity solutions company, today announced an order for a 40 MVAR
(mega volt-ampere-reactive) Dynamic VAR Compensator (DVC(tm)) system for a
transmission grid in Iceland run by Landsnet, an independent power transmission
company. The DVC system will be installed at the Hryggstekkur substation in
Iceland
. The substation is located near a new aluminum plant that will add
approximately 540MW of new electrical load to the power grid. The
DVC system - an extension of AMSC's D-VAR® ("Dynamic-VAR") product
line - will provide dynamic voltage control and regulation, and will support
overall power network stability. American Superconductor expects to
ship the DVC system in the summer of 2006 for installation and commissioning in
the fall of 2006.
"With
the greatly expanded electrical load on our system upon start-up of the new
aluminum plant, we need to provide a substantial amount of dynamic reactive
compensation on the grid to ensure continued reliable operation of our
network," said Gunnlaugur Nielsen of Landsnet. "We selected the
DVC solution because it has a proven track record of performance and high
reliability in similar applications."
DVC
systems are large scale, transmission level reactive power solutions built on
AMSC's patented D-VAR platform. The DVC solution utilizes inverter-based
FACTs (Flexible AC Transmission systems) technology and proprietary
fast-switched control of capacitors and reactors.
More
cost-effective than traditional Static VAR Compensators (SVC) - and with equal
or better performance - DVC systems provide transmission-level dynamic reactive
compensation in the range of tens of MVARs to several hundred MVARs. DVC
systems also are modular, scalable and can meet any dynamic reactive
compensation need such as voltage stability/voltage collapse, steady-state
voltage regulation and import/transfer capability restrictions.
"The
Landsnet installation is an excellent example of how critical dynamic voltage
regulation is in ensuring reliable and efficient transmission of electricity for
both industry and consumers," said Terry Winter, AMSC's executive vice
president and chief operating officer. "Connecting large loads or
large amounts of generation, such as wind, often requires a FACTs type device to
ensure the reliability of the grid is not compromised. Our DVC solution is
the latest example of our ability to address these applications with our
portfolio of reactive compensation products."
D-VAR
systems have been
used successfully in many electric utility and wind farm applications since July
2000. To learn more about AMSC's DVC solution, see: http://www.amsuper.com/products/transmissionGrid/DVCDynamicVARCompensators.cfm
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