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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note