13.6.2007: Meldung: AMSC Receives Orders for U.S. Wind Farms
"Wind farm developers, owners and operators are turning to AMSC"s D-VAR solution for grid interconnection in increasing numbers," said Chuck Stankiewicz, senior vice president and general manager of AMSC Power Systems. "While most of our orders have come from overseas where government-imposed dynamic voltage requirements are in place, we are beginning to generate more business in the United States based largely on requirements put in place by local utilities. We see this trend continuing as wind plays a more prominent role in our domestic power supply in the years ahead."
These latest D-VAR systems will serve two wind farms in the Midwestern United States with nearly 450 megawatts of combined wind power capacity. The wind farms employ wind energy systems from Mitsubishi, Vestas and GE. Both wind farms are scheduled for operation within the next 12 months.
The AMSC D-VAR units will be delivered in the second half of calendar 2007 and will provide voltage regulation and power factor correction, along with contingency assistance to prevent voltage collapse for the power grid to which the wind farms will be connected. These are the 29th and 30th wind farms worldwide and the 8th and 9th wind farms in the U.S. to have purchased AMSC"s D-VAR systems.
According to the Global Wind Energy Council"s (GWEC) recently issued Global Wind 2006 Report, for the second consecutive year, the United States led the world in newly installed wind power capacity in 2006. "The new installations boosted the country"s wind power generating capacity by 27% with cumulative capacity sailing past the 10-gigawatt mark to 11,603 MW as of December 31, 2006," the report says. GWEC estimates that wind power capacity in the U.S. will increase by an average of 3,500 megawatts per year through 2010.
To learn more about AMSC"s wind energy solutions, see http://www.amsuper.com/products/applications/windEnergy/index.cfm.
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 offers grid interconnection solutions for wind farms 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 power cables, grid-level surge protectors, motors, generators, 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.
American Superconductor and design, Revolutionizing the Way the World Uses Electricity, AMSC, Powered by AMSC, SuperVAR, D-VAR, DVC, PQ-IVR, PowerModule, PQ-SVC, Secure Super Grids, Windtec and SuperGEAR are trademarks or registered trademarks of American Superconductor Corporation or its subsidiaries.
Any statements in this release about future expectations, plans and prospects for the company, including our expectations regarding the future financial performance of the company and other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are a number of important factors that could cause actual results to differ materially from those indicated by such forward-looking statements. Such factors include: uncertainties regarding the company"s ability to obtain anticipated funding from corporate and government contracts, to successfully develop, manufacture and market commercial products, and to secure anticipated orders; the risk that a robust market may not develop for the company"s products; the risk that strategic alliances and other contracts may be terminated; the risk that certain technologies utilized by the company will infringe intellectual property rights of others; and the competition encountered by the company. Reference is made to these and other factors discussed in the "Risk Factors" section of the company"s most recent quarterly or annual report filed with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent the company"s views as of the date of this release. While the company anticipates that subsequent events and developments may cause the company"s views to change, the company specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the company"s views as of any date subsequent to the date this press release is issued.
American Superconductor Corporation
Jason Fredette, 508-621-4177
Director of Investor & Media Relations