American Super Conductor to Supply First US Renewable Energy Market Hub

Oct 14 2009 | 9:32am ET

American Superconductor Corp., a producer of electrical systems for wind farms and turbines, said its superconductor wire and cable system will power the first renewable energy market hub in the United States, the Tres Amigas SuperStation.

American Supercomputer has paid $1.75 million for a minority stake in Tres Amigas LLC, which will connect all three U.S. power grids. Provided the New Mexico-based project is approved, American Superconductor will provide transmission planning services and high-temperature superconductors (HTS) for the hub.

The Tres Amigas SuperStation will provide access to multiple markets for energy sources like wind, solar, hydro and geothermal, although the project will take time to develop and is not expected to generate significant revenue for the next two years.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.