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Print Edition StoriesThursday, January 29, 2009
AMSC’s tech builds Long Island smart grid
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American Superconductor Corp. of Devens has received a new order for its large-scale dynamic reactive compensation system from National Grid to use in the power company’s grid modernization project on New York’s Long Island.
Financial terms of the deal were not provided.
American Superconductor’s (Nasdaq: AMSC) D-VAR dynamic reactive compensation systems are static compensators and are part of a smart grid platform being installed in the eastern Long Island power grid, in conjunction with the Long Island Power Authority. The devices aim to detect and compensate for voltage disturbances in a power grid, and inject reactive power into the system. According to AMSC officials, the Long Island Power Authority project is the company’s largest smart grid project, as well as one of the largest in the nation.
Once installed, the new system will be the second D-VAR system installed in the Long Island grid, which has been a proving ground for some of AMSC’s newest equipment. Last April, AMSC commissioned the world’s first high temperature superconductor (HTS) power transmission cable system in the project, providing five times more power transmission capacity than copper through a much smaller wire.
The second phase of the Long Island Power Authority HTS cable project is expected to cost $18 million, with the U.S. Department of Energy allocating $9 million in cost sharing provisions.
AMSC employs approximately 382 employees and reported a $25.4 million loss on $112.4 million in revenue for its last fiscal year, which ended in March 2008.
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