AMSC: New Orders
DEVENS, Mass. - American Superconductor (AMSC), a global solutions provider serving wind and power grid industry leaders, announced approximately $9 million in six new D-VAR(R) STATCOM orders received during the first four months of calendar year 2015. The orders are in the Company's core markets of the United States, United Kingdom, and Australia as well as South Africa, an emerging market. The systems will be used to connect wind power plants to the electric grid as well as to provide voltage regulation that will respond dynamically to varying load conditions. The systems are expected to be delivered during the first half of fiscal year 2015.
AMSC's D-VAR interconnection and reactive power compensation solutions ensure high network performance and stability. The system is a powerful, cost-effective way to provide continuous voltage regulation, improve voltage stability, meet interconnection requirements and dynamically provide grid support where it's needed.
"The first four months of calendar year 2015 were some of the strongest months we have seen for D-VAR system orders," said Daniel P. McGahn, President and CEO, AMSC. "These orders represent the strength of our solutions and relationships in the United States, United Kingdom, and Australia as well as further penetration into the South African market."
Customers utilize AMSC's D-VAR solutions to provide dynamic voltage control, power factor correction and post-contingency reactive compensation to stabilize the power grid and prevent undesirable events such as voltage collapse. These solutions also augment the overall performance of wind farms and enable developers to meet grid interconnection requirements. D-VAR reactive compensation systems are classified as Static Compensators, or "STATCOMs," a member of the FACTS (Flexible AC-Transmission System) family of power electronic solutions for alternating current (AC) power grids. The D-VAR system is designed to be able to detect and instantaneously compensate for voltage disturbances by dynamically injecting leading or lagging reactive power into the power grid.
About AMSC (AMSC)
AMSC generates the ideas, technologies and solutions that meet the world's demand for smarter, cleaner ... better energy. Through its Windtec(TM) Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. Through its Gridtec(TM) Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency, and performance. The company's solutions are now powering gigawatts of renewable energy globally and enhancing the performance and reliability of power networks in more than a dozen countries. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit http://www.amsc.com.