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Company type | Public |
---|---|
Industry | Electric power infrastructure |
Founded | April 9, 1987 [1] |
Founder | Gregory J. Yurek |
Headquarters | , U.S. |
Key people | Daniel P. McGahn (president & CEO) |
Revenue | $146 million (2023) [1] |
−$11 million (2023) [1] | |
−$11 million (2023) [1] | |
Total assets | $233 million (2023) [1] |
Total equity | $145 million (2023) [1] |
Number of employees | 337 (2024) [1] |
Website | amsc |
American Superconductor Corporation (AMSC) is an American energy technologies company headquartered in Ayer, Massachusetts. The firm specializes in using superconductors for the development of diverse power systems, including but not limited to superconducting wire. [2] [3] Moreover, AMSC employs superconductors in the construction of ship protection systems. [4] The company has a subsidiary, AMSC Windtec, located in Klagenfurt, Austria.
American Superconductor was founded on April 9, 1987, by MIT professor and material scientist Gregory J. Yurek, in his kitchen. [1] [5] [6] The founding team included Yet-Ming Chiang, David A. Rudman and John B. Vander Sande. [7] [8] [9] The company completed its initial public offering in 1991. [6] Over the next twenty years, the company made several acquisitions, including that of the Austrian wind power company WindTec. [6]
The company operates across three primary business segments: production of high-temperature superconductor (HTS) wire, which has a significantly higher electrical current capacity than copper wire; development of HTS-based motors and generators; and design and manufacturing of power electronic systems for wind farms and transmission systems. [5]
On Aug 31, 2021 American Superconductor and ComEd announced the successful integration of AMSC’s REG system, which utilizes high-temperature superconductor wire to enhance the reliability, resiliency and performance of the electric power grid. This REG system has been running in commercial service since then. This project was partially funded by Homeland Security as it protects this part of the grid from EMP and other hazards. A second, larger phase is under design.
American Superconductor installed a test of a superconducting electric power transmission power cable in the Detroit Edison Frisbee substation in 2001. [10] [11] [12]
The world's first production superconducting transmission power cable, the Holbrook Superconductor Project, was commissioned in late June 2008. The suburban Long Island electrical substation is fed by about 600 meters of high-temperature superconductor wire manufactured by American Superconductor, installed underground and chilled to superconducting temperatures with liquid nitrogen. [13]
American Superconductor was chosen as a supplier for the Tres Amigas Project, the United States' first renewable energy market hub. [14] The Tres Amigas renewable energy market hub will be a multi-mile, triangular electricity pathway of Superconductor Electricity Pipelines capable of transferring and balancing many gigawatts of power between three U.S. power grids (the Eastern Interconnection, the Western Interconnection and the Texas Interconnection). Unlike traditional powerlines, it will transfer power as DC instead of AC current. It will be located in Clovis, New Mexico.
AMSC will sell three million meters of wire to allow LS Cable to build 10–15 miles of superconducting cabling for the grid. This represents an order of magnitude increase over the size of the current largest installation, at Long Island Power. [15]
AMSC has demonstrated a 36.5 MW (49,000 horsepower) high-temperature superconductor (HTS) electric motor for the United States Navy, and is developing a similar 10 megawatt wind turbine generator through its wholly owned Austria-based subsidiary AMSC Windtec. This would be one of the world's most powerful turbines. It operates at 30–40 kelvins, and the cooling system uses 40 kW. [16] [5]
In 2009, the Department of Energy announced that they would provide $4.8M to AMSC for further development of superconducting electrical cables. [2]
In early 2011, a Serbian employee of American Superconductor sold the company's proprietary wind turbine control software to the company's largest customer, China based Sinovel. Sinovel promptly ended its payments to American Superconductor, causing the company to lose 84% of its market cap. The employee was bribed for only $20,500, and later pleaded guilty to bribery charges. [17]
Superconducting magnetic energy storage (SMES) systems store energy in the magnetic field created by the flow of direct current in a superconducting coil that has been cryogenically cooled to a temperature below its superconducting critical temperature. This use of superconducting coils to store magnetic energy was invented by M. Ferrier in 1970.
Electric power transmission is the bulk movement of electrical energy from a generating site, such as a power plant, to an electrical substation. The interconnected lines that facilitate this movement form a transmission network. This is distinct from the local wiring between high-voltage substations and customers, which is typically referred to as electric power distribution. The combined transmission and distribution network is part of electricity delivery, known as the electrical grid.
Technological applications of superconductivity include:
Electric power distribution is the final stage in the delivery of electricity. Electricity is carried from the transmission system to individual consumers. Distribution substations connect to the transmission system and lower the transmission voltage to medium voltage ranging between 2 kV and 33 kV with the use of transformers. Primary distribution lines carry this medium voltage power to distribution transformers located near the customer's premises. Distribution transformers again lower the voltage to the utilization voltage used by lighting, industrial equipment and household appliances. Often several customers are supplied from one transformer through secondary distribution lines. Commercial and residential customers are connected to the secondary distribution lines through service drops. Customers demanding a much larger amount of power may be connected directly to the primary distribution level or the subtransmission level.
The electric power industry covers the generation, transmission, distribution and sale of electric power to the general public and industry. The commercial distribution of electric power started in 1882 when electricity was produced for electric lighting. In the 1880s and 1890s, growing economic and safety concerns lead to the regulation of the industry. What was once an expensive novelty limited to the most densely populated areas, reliable and economical electric power has become an essential aspect for normal operation of all elements of developed economies.
Southern California Edison (SCE), the largest subsidiary of Edison International, is the primary electric utility company for much of Southern California. It provides 15 million people with electricity across a service territory of approximately 50,000 square miles.
A submarine power cable is a transmission cable for carrying electric power below the surface of the water. These are called "submarine" because they usually carry electric power beneath salt water but it is also possible to use submarine power cables beneath fresh water. Examples of the latter exist that connect the mainland with large islands in the St. Lawrence River.
The East–West Interconnector is a 500 MW high-voltage direct current submarine and subsoil power cable from 2012 which connects the Irish and British electricity markets, between Dublin and the Wales/England border. The project was developed by the Irish national grid operator EirGrid.
The Texas Interconnection is an alternating current (AC) power grid – a wide area synchronous grid – that covers most of the state of Texas. The grid is managed by the Electric Reliability Council of Texas (ERCOT).
The smart grid is an enhancement of the 20th century electrical grid, using two-way communications and distributed so-called intelligent devices. Two-way flows of electricity and information could improve the delivery network. Research is mainly focused on three systems of a smart grid – the infrastructure system, the management system, and the protection system. Electronic power conditioning and control of the production and distribution of electricity are important aspects of the smart grid.
TenneT is a transmission system operator in the Netherlands and in a large part of Germany.
The Gunning Wind Farm project is a wind farm development in the Cullerin Range, north-east of Gunning, in New South Wales. Wind turbines in the farm are visible from the Hume Highway.
Energinet is the Danish national transmission system operator for electricity and natural gas. It is an independent public enterprise owned by the Danish state under the Ministry of Climate and Energy. Energinet has some 1150 employees, and its headquarters are located in Erritsø near Fredericia in Jutland. The gas division is located in Ballerup near Copenhagen.
PJM Interconnection LLC (PJM) is a regional transmission organization (RTO) in the United States. It is part of the Eastern Interconnection grid operating an electric transmission system serving all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia.
A super grid or supergrid is a wide-area transmission network, generally trans-continental or multinational, that is intended to make possible the trade of high volumes of electricity across great distances. It is sometimes also referred to as a "mega grid". Super grids typically are proposed to use high-voltage direct current (HVDC) to transmit electricity long distances. The latest generation of HVDC power lines can transmit energy with losses of only 1.6% per 1,000 km.
The Alberta Electric System Operator (AESO) is the non-profit organization responsible for operating Alberta, Canada's power grid. AESO oversees the planning and operation of the Alberta Interconnected Electric System (AIES) in a "safe, reliable, and economical" manner. It is mandated by provincial legislation to act in the public interest and cannot own any transmission, distribution or generation assets.
The Tres Amigas SuperStation was a project proposed in 2009 to unite North America’s two major power grids and one of its three minor grids, with the goals of enabling faster adoption of renewable energy and increasing the reliability of the U.S. grid.
Superconducting electric machines are electromechanical systems that rely on the use of one or more superconducting elements. Since superconductors have no DC resistance, they typically have greater efficiency. The most important parameter that is of utmost interest in superconducting machine is the generation of a very high magnetic field that is not possible in a conventional machine. This leads to a substantial decrease in the motor volume; which means a great increase in the power density. However, since superconductors only have zero resistance under a certain superconducting transition temperature, Tc that is hundreds of degrees lower than room temperature, cryogenics are required.
Denmark's western electrical grid is part of the Synchronous grid of Continental Europe whereas the eastern part is connected to the Synchronous grid of Northern Europe via Sweden.
Renewable energy sources such as solar, wind, tidal, hydro, biomass, and geothermal have become significant sectors of the energy market. The rapid growth of these sources in the 21st century has been prompted by increasing costs of fossil fuels as well as their environmental impact issues that significantly lowered their use.