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Company Reaches Milestone by Shipping Enough Product for 15,000 Megawatts of Wind Power

Thu, 06/17/2010 - 10:03am
DEVENS, Mass.,(BUSINESS WIRE) -- American Superconductor Corporation, a global power technologies company, announces in conjunction with Global Wind Day 2010 that it has achieved a significant milestone by supporting the production of more than 15,000 megawatts (MW) of wind power worldwide with its proprietary power electronic solutions.

This amount of zero-emission electricity is sufficient to power approximately 4.5 million U.S. households and represents nearly 10 percent of the world's 158,000 MW of wind power installed as of the end of 2009.

"The fast-growing global wind industry continues to be the primary business driver for AMSC," said AMSC founder and Chief Executive Officer Greg Yurek. "We are providing proprietary wind turbine designs and production support services to more than a dozen customers in seven countries around the world, including 10 customers in the Asia Pacific region. Each wind turbine produced by these companies utilizes AMSC's core electrical components and control systems, which serve as the brains of these power generation machines.

"In addition, AMSC's D-VAR grid interconnection technology, including our D-VAR RT low voltage ride through solution, is being utilized by more than 70 wind farms in seven countries worldwide to meet local grid interconnection requirements," Yurek continued. "With nations around the world seeking to derive a greater percentage of their energy needs from renewable energy sources, we believe we have only begun to scratch the surface of the renewable energy grid interconnection market's potential."

Recent industry reports forecast further acceleration of wind turbine installations in 2010 and over the next decade in China and other Asian countries. "Annual installations in China are expected to grow from approximately 14,000 MW in 2009 to 20,000 MW in 2011," Yurek said. "As a result of this rapid growth in China and the broader Asia-Pacific market, we expect our overall wind-related businesses to continue to flourish going forward."

AMSC's Wind Turbine Engineering and Power Electronics AMSC Windtec, a wholly owned subsidiary of AMSC, designs a variety of megawatt-class wind turbines for use both onshore and offshore. AMSC Windtec then licenses those designs to manufacturers, provides extensive service and support through volume production, and then sells power electronics and control systems required for each wind turbine manufactured by its licensees. This unique business model enables new wind turbine manufacturers to begin commercial production in as little as 12 months.

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