Profile: American Superconductor Corp (AMSC.OQ)
29 Aug 2014
American Superconductor Corporation (AMSC), incorporated on April 9, 1987, is a provider of megawatt-scale solutions that lower the cost of wind power and enhance the performance of the power grid. It operates in two business units: Wind and Grid. Wind business segment enables manufacturers to field wind turbines with power output, reliability and affordability. Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power with efficiency, reliability and affordability. The Company’s wind and power grid products and services provide reliability, security, efficiency and affordability to its customers. The Company manufactures products using two core technologies: PowerModule programmable power electronic converters and its Amperium HTS (High Temperature Superconductor) wires.
In the wind power market, the Company enables manufacturers to field wind turbines through its advanced power electronics products, engineering, and support services. In the power grid market, the Company enables electric utilities and renewable energy project developers to connect, transmit and distribute power through its transmission planning services and power electronics and superconductor-based products. Its wind and power grid products and services provide reliability, security, efficiency and affordability to its customers.
Solutions for the wind market
The Company’s wind power market is engaged in designing and engineering wind turbines, providing support services to wind turbine manufacturers and manufacturing and selling critical components for wind turbines. The Company provides full electrical control systems or a subset of those systems (core electrical components) to manufacturers of wind turbines designed by us. Its electrical control systems regulate voltage, control power flows and maximize wind turbine efficiency, among other functions. As of March 31, 2013, the Company has shipped enough core electrical components and complete electrical control systems to power more than 10,000 megawatts of wind power. The Company designs and develops entire onshore and offshore wind turbines with power ratings up to 10 megawatts for manufacturers who are in the business of producing wind turbines or who plan to enter the business of manufacturing wind turbines. It provides customer support services to wind turbine manufacturers. These services range from providing designs for customers’ wind turbine manufacturing plants to establishing and localizing their supply chains and training their employees on proper wind turbine installation and maintenance.
Solutions for the grid market
The Company’s Grid market provides services and solutions designed to increase the power grid’s capacity, reliability, security and efficiency. It provides transmission planning services that identify power grid constraints and determine how its solutions might improve network performance. These services often lead to sales of grid interconnection solutions for wind farms and solar power plants, power quality systems for utilities and heavy industrial operations and transmission and distribution cable systems. The power that flows through alternating current (AC) networks consists both real power, measured in watts, and reactive power, measured in Volt Amp Reactive (VARs). In simple terms, reactive power is required to support voltage in the power network. D-VAR systems can provide the reactive power needed to stabilize voltage on the grid. These systems also can be used to connect wind farms and solar power plants to the power grid seamlessly.
The Company manufactures and provides superconductor wire. This wire can be incorporated into a variety of applications, including motors, generators, fault current limiters and power cables. The Company offers cable systems that are manufactured by third parties and also offer turnkey project management services to electric utilities.
The Company competes with GL Garrad Hassan, Aerodyn, AventisEnergy, Fuhrlander, ABB, Semikron, Vacon, Xantrex, Converteam, Guotong Electric, Ingeteam, Mita-Teknik, Woodward, Gamesa, General Electric, Suzlon, Vestas, Alstrom, AREVA, Mitsubishi Electric, Siemens, S&C Electric, Fujikura, Showa and Sumitomo, Innova, MetOx, Superconductor Technologies, Superpower, SuNAM, Bruker, evico GmbH and Nexans.
American Superconductor Corp
64 Jackson Road
DEVENS MA 01434-4020