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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...