Monday, April 4, 2005

Energy

American Superconductor wins deal with Hawaiian wind farm

Westborough-based American Superconductor Corp. and partner GE Energy, a business of the General Electric Co., have been picked by Hawi Renewable Development LLC (HRD) to provide a voltage control system for the Hawi Wind Farm project located near Upolo Point on the island of Hawaii.

The installation will include two of AMSC's proprietary D-VAR voltage regulation systems and equipment from GE to meet standards required to connect the wind farm to the power grid. The solution provides fast dynamic voltage support during electrical faults on the utility grid - thereby allowing the wind turbine generators to ride through low voltage events on the grid they are serving.

Construction of the HRD wind farm, which will generate 10.56 megawatts of electricity, is scheduled to be finished in November 2005. The wind farm will use 16 wind turbine generators.

No financial details of the deal with HRD were released.

At press time AMSC stock was trading at $10.39, up 37 cents from yesterday's close.