AMSC Receives Important Wind Energy Storage Order
American Superconductor Corp. (NASDAQ: AMSC), has received an important order 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® 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. (Toronto: VRB) 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 also reported an […]