American Superconductor Corp (AMSC.OQ) Company Profile | Reuters.com
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Profile: American Superconductor Corp (AMSC.OQ)

AMSC.OQ on NASDAQ Stock Exchange Global Select Market

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29 Jun 2016
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American Superconductor Corporation (AMSC), incorporated on April 9, 1987, is a provider of megawatt-scale solutions. The Company conducts its business through two segments: Wind and Grid. Through the Company's Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company's Gridtec Solutions brand, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power. AMSC supplies power electronics and control systems, licenses its engineered wind turbine designs and provides customer support services to wind turbine manufacturers. AMSC's design portfolio includes a range of drive trains and power ratings of two megawatts and higher. The Company provides a range of power electronics and software-based control systems. AMSC provides transmission planning services that enables it to identify power grid congestion and other risks. The Company also sells grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems. AMSC also sells ship protection products to the United States Navy through its Grid business segment.

The Company provides transmission planning services, grid interconnection and voltage control systems, as well as superconductor-based transmission and distribution systems for power grid operators. AMSC's PowerModule power converters are based on software and hardware combinations, and are used in a range of applications, including its dynamic volt-amp reactive (D-VAR) grid interconnection and voltage control systems, as well as its wind turbine electrical control systems. The Company's Amperium superconductor wire enables it to tailor the product via laminations to meet the electrical and mechanical performance requirements of various end use applications, including power cables and fault current limiters for the Grid market. AMSC serves target markets, such as Australia, China, India, South Africa, the United Kingdom and the United States. AMSC's family of PowerModule power electronic converters uses power semiconductor devices. Its PowerModule systems are used primarily in wind and power grid applications, and are also used in electric motor drives, distributed and dispersed generation devices (micro-turbines, fuel cells and photovoltaics), power quality solutions, batteries and flywheel-based uninterruptible power supplies. AMSC's wind turbine electrical control systems and its D-VAR systems also use its PowerModule technology.

Solutions for the wind market

The Company designs and engineers wind turbines, provides support services to wind turbine manufacturers, and manufactures and sells components for wind turbines. AMSC provides electrical control systems or a subset of the systems (core electrical components) to manufacturers of wind turbines designed by the Company. Its electrical control systems regulate voltage and control power flows, among other functions. AMSC designs and develops entire onshore and offshore wind turbines with power ratings of two megawatts and higher for manufacturers. AMSC's customer support services range from providing designs for customers' wind turbine manufacturing plants to establishing and localizing their supply chains, and training their employees on wind turbine installation and maintenance.

Solutions for the grid market

The Company's solutions for the Grid market include superconductor wires and Flexible alternating current transmission system (FACTS) systems. AMSC manufactures and provides high-temperature superconductor (HTS) wires. AMSC's resilient electric grid (REG) system has two primary applications for the reliability and the capacity of the urban infrastructure. For applications focused on reliability improvement, the REG cable is used in a ring or loop configuration to interconnect nearby urban substations, which enables urban utilities to share transmission connections and excess station capacity, while controlling the fault currents that result from such interconnections. For applications focused on capacity improvement, the REG cable can be used in a branch configuration. The primary focus of AMSC's ship protection systems (SPS) is degaussing systems. AMSC, through a partnership with Nexans, also provides system solutions, such as stand-alone fault current limiters. The Company offers superconductor fault current limiters (SFCLs) for medium voltage alternating current (AC) networks. Its FACTS systems, consisting of power electronics and other static components, are used for controlling power flow and voltage in the AC transmission system. AMSC offers various solutions, such as D-VAR systems and D-SVC systems, which enable industrial loads to operate on the AC power system, and also provides distribution level voltage regulation and power factor control solutions for utilities.

The Company competes with ABB, Hopewind, Semikron, Shinergy, Vacon, Schneider Electric, Ingeteam, Mita-Teknik, Woodward, Gamesa, General Electric, Suzlon, Vestas, GL Garrad Hassan, Aerodyn, Alstom, AREVA, Mitsubishi Electric, Siemens, S&C Electric, MetOx, Superconductor Technologies, Furukawa, Fujikura, Sumitomo, SuNAM, Bruker, Deutsche Nanoschicht GmbH, Theva GmbH, Innova, Shanghai Creative Superconductor, SuperOx, L3, Excelis, Raytheon and Textron.

Company Address

American Superconductor Corp

60 Jackson Rd
DEVENS   MA   01434-4020
P: +1978.8423000
F: +1978.8423024

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