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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of