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: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...