American Superconductor Corp. said Tuesday it has received $12 million in U.S. Department of Energy funding for work on smart grid demonstration projects.
The grants under the American Recovery and Reinvestment Act call for the Devens-based energy technology company (Nasdaq: AMSC) to develop a 138 kilovolt fault current limiter using the company’s superconductor wires. The wires can be used to control electrical distribution systems as a part of the smart grid. AMSC will receive $4.8 million as the project manager and wire supplier to the project.
The company also received $7.6 million to fund the second phase of its superconductor power cable project with the Long Island Power Authority. It will provide the high temperature superconductors for the transmission voltage extension of the cable system AMSC installed in April 2008.
“The Obama Administration has placed a high priority on smart grid technologies that enhance the efficiency and resiliency of our expanding power infrastructure,” said Dan McGahn, senior vice president and general manager of AMSC Superconductors, in a statement.
The DOE released $47 million for smart grid demonstration projects as a part of its stimulus funding mandate.
via AMSC nets $12M for superconductor smart grid projects – Mass High Tech Business News.
