Last $1.93 USD
Change Today -0.06 / -3.02%
Volume 958.0K
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As of 8:10 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

64 Jackson Road

Devens, MA 01434

United States

Phone: 978-842-3000

Fax: 978-842-3024

American Superconductor Corporation provides megawatt-scale solutions. In the wind power market, the company enables manufacturers to field wind turbines through its power electronics products, engineering, and support services. In the power grid market, it 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. Segments The company operates through two segments, Wind and Grid. Wind This segment, through the company’s Windtec Solutions, enables manufacturers to field wind turbines with exceptional power output. The company supplies advanced power electronics and control systems, licenses its wind turbine designs, and provides customer support services to wind turbine manufacturers. Its design portfolio includes a range of drive trains and power ratings approximately 10 megawatt. The company provides a range of power electronics and software-based control systems that are integrated and redesigned for optimized performance, efficiency, and grid compatibility. Solutions Electrical Control Systems: The company provides electrical control systems or a subset of those systems (core electrical components) to manufacturers of wind turbines designed by the company. Its electrical control systems regulate voltage, control power flows, and improve wind turbine efficiency. Wind Turbine Designs: The company designs and develops onshore and offshore wind turbines with power ratings approximately 10 megawatt’s for manufacturers who are in the business of producing wind turbines or who plan to enter the business of manufacturing wind turbines. Customer Support Services: The company 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. Grid This segment, through the company’s Gridtec Solutions, enables electric utilities and renewable energy project developers to connect, transmit, and distribute power. The company provides transmission planning services that allow it to identify power grid congestion, poor power quality, and other risks, which help the company determines how its solutions could improve network performance. These services lead to the sale of grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems. Solutions Transmission Planning Services: The company provides transmission planning services that identify power grid constraints and determine how its solutions might improve network performance. D-VAR Systems: The power that flows through alternating current networks comprises both real power, measured in watts, and reactive power, measured in Volt Amp Reactive (VARs). D-VAR systems could provide the reactive power needed to stabilize voltage on the grid. These systems also could be used to connect wind farms and solar power plants to the power grid. Superconductor Wire: Using a compound of yttrium barium copper oxide, the company manufactures and provides superconductor wire. This wire could be incorporated into various applications, including motors, generators, fault current limiters, and power cables. Power Cables: The company offers cable systems that are manufactured by third parties and also offers project management services to electric utilities. Customers The company has designed wind turbines for or licensed wind turbines to approximately 10 wind turbine manufacturing customers, including Beijing JINGCHENG New Energy in China; Inox Wind Limited in India; and Hyundai Heavy Industries in South Korea. It has also served approximately 100 customers in the grid market, including American Electric Power and Long Island Power Authority in the United States; EDF Group in France; Korean Electric Power Corporation in Korea; and Ergon Energy in Australia. It serves customers worldwide through a localized sales and field service presence in its core target markets, such as Australia, Brazil, China, India, South Korea, and Turkey. It also intends to expand locally into other markets in Eastern Europe. Strategy The company’s strategy is to provide solutions from power generation to delivery; focus on ‘megawatt-scale’ power offerings; pursue emerging overseas markets and serve major markets locally; product innovation; and pursue targeted strategic alliances. Patents As of March 31, 2013, the company owned (either solely or jointly) approximately 95 U.S. patents and approximately 20 U.S. patent applications on file. It also holds licenses from third parties covering approximately 100 issued U.S. patents and patent applications. Together with the international counterparts of each of these patents and patent applications, it owns approximately 440 patents and patent applications worldwide, and has rights through exclusive and non-exclusive licenses to approximately 280 additional patents and patent applications. Competition Wind: The company’s competitors include ABB, General Electric, Guotong Electric, Ingeteam, Mita-Teknik, Woodward, Gamesa, Suzlon, Vestas, GL Garrad Hassan, Aerodyn, and AventisEnergy. Grid: The company’s competitors include ABB, Alstom, AREVA, Mitsubishi Electric, Siemens, and S&C Electric. It also competes with Innova, MetOx, Superconductor Technologies, and Superpower (a subsidiary of Furukawa) in the United States; Fujikura, Showa, and Sumitomo Electric in Japan; SuNAM in South Korea; and Bruker, evico GmbH, and Nexans in Europe. History American Superconductor Corporation was founded in 1987.

 

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