AMSC Announces $20 Million of D-VAR® System Orders
American Superconductor Corporation (AMSC)
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Source: GlobeNewswire
AYER, Mass., Nov. 19, 2019 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a global energy solutions provider serving power grid and wind industry leaders, today announced $20 million of D-VAR® STATCOM system orders. Most of the orders pertain to the renewable energy sector in the U.S. followed by a few orders serving the industrial power quality sector. These D-VAR systems are expected to provide voltage regulation by dynamically responding to varying load conditions while connecting wind power plants to the electric grid. “These new D-VAR orders further strengthen our backlog and extend our grid visibility into fiscal 2020,” said Daniel P. McGahn, Chairman, President and CEO, AMSC. “We continue to expect strong Grid growth driven by D-VAR shipments for fiscal year 2019.” Customers utilize AMSC’s D-VAR solutions to provide dynamic voltage control, power factor correction, and reactive compensation to stabilize the power grid and prevent undesirable events such as voltage collapse. The D
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AMSC
Earnings
- 10/30/24 - Beat
AMSC
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/6/24 - Form 4
- AMSC's page on the SEC website