American Superconductor and The Center for Innovative Energy Conversion and Storage Demonstrate The World's First High Temperature Superconducting Energy Storage Device.WESTBOROUGH, Mass.--(BUSINESS WIRE)--March 25, 1997-- Market for Superconducting Magnetic Energy Storage Superconducting Magnetic Energy Storage (SMES) systems store energy in the magnetic field created by the flow of direct current in a superconducting coil which has been cryogenically cooled to a temperature below its superconducting critical temperature. Devices Estimated at $100 Million Annually American Superconductor American Superconductor is a technology company based in Westborough, Massachusetts specializing in the design and manufacture of superconducting wires and power converters. It is listed on Nasdaq under the symbol AMSC. Corporation (Nasdaq: AMSC AMSC Army Management Staff College AMSC American Mobile Satellite Corporation AMSC American Miniature Schnauzer Club AMSC Area Maritime Security Committee AMSC Acquisition Method Suffix Code AMSC Advanced Missile Signature Center ), a leading developer of high temperature superconductor A material that has little resistance to the flow of electricity. Traditional superconductors operate at absolute zero (-459.67 degrees Fahrenheit or -273.15 degrees Celsius). Experiments in the 1980s raised the temperature to -321 degrees Fahrenheit. technology, announced today the world, s first demonstration of a high temperature superconducting magnetic energy storage device (SMES SMES Superconducting Magnetic Energy Storage SMES Strategic Missile Evaluation Squadron SMES Saint Margaret's Episcopal School (San Juan Capistrano, California) SMES St. Marys Elementary School ) designed and built by American Superconductor Corporation and The Center for Innovative Energy Conversion and Storage (EUS Endoscopic ultrasonography (EUS) A medical procedure in which sound waves are sent to the stomach wall by an ultrasound probe attached to the end of an endoscope. ). SMES devices mitigate the costly effects of brief power outages This is a list of famous wide-scale power outages. 1965
The delivery and live test of the SMES system is another benchmark toward the commercialization of American Superconductor's high temperature superconductor (HTS HTS Heights HTS Harmonized Tariff System HTS High Throughput Screening (biomolecular assay screening) HTS High-Throughput Screening (Pharmaceutical Industry) HTS Harmonized Tariff Schedule ) products. The demonstration device is a completely cryo-integrated magnet system which stores 8 kJ of electrical energy and which contains the most massive HTS coil ever constructed. The system which operates much like a battery but much faster can handle currents up to 100 Amps and typically provides back up power in less than one second. The company is prepared to take orders on SMES units that store 100 kJ of energy which the company believes will thrive in a commercial market. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. analysts, the annual market for superconducting magnetic storage devices is estimated to be $100 million. "We anticipate that HTS SMES will provide a much needed solution to the utility industry's desire for more effective power quality equipment," said Thomas Stephanblome, managing director at EUS. "It is estimated that SMES devices could save utility customers billions of dollars a year currently lost to down time and damaged equipment caused by power glitches." "We are excited about this technology because SMES devices are end use products that American Superconductor has the full capability of producing. The experience gained from this installation and test will be valuable to our power quality line of products," said Greg Yurek, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Superconductor Corporation. SMES A SMES is a power quality device based on the principle that an electric current introduced into a resistance-free superconducting coil lasts indefinitely and never dissipates energy. It is used to provide instantaneous backup power supply through its constant charged state. SMES devices are capable of responding instantly to dangerous and costly power fluctuations such as voltage sags and momentary outages -- ultimately cleaning up these occurrences of dirty power. Low temperature superconductor SMES have been selling commercially for some time now, and are paving the way for future HTS SMES products. American Superconductor American Superconductor Corporation, located in Westborough, Mass., is a leader in developing commercial applications of high temperature superconductor technology for the global electric power industry. With world-class expertise in electromagnetics, cryogenic integration, power semiconductors and power engineering as well as high temperature superconductors, the company is driving the evolving market for advanced electric power equipment and power quality products. EUS EUS GmbH is a R&D company that had its origin as an institute of the University of Dortmund History Dortmund University was founded in 1968, during the decline of the industrial industry in the Ruhr region. Its establishment was seen as an important move in the economic change (Strukturwandel) from heavy industry to technology. , Germany. Business areas are tasks in electrical power engineering in connection with the economical planning and operation of distributed energy conversion and energy storage systems. Innovative products as power electronic current-limiting devices complete this area. Furthermore EUS offers neutral expert reports in order to optimize electrical energy use in the public grids and in industrial plants. Main partners of EUS are power supply utilities as well as industry. -0- Learn more about HTS technology and American Superconductor at www.amsuper.com CONTACT: American Superconductor Corporation Marianne Sabella/Kim Miller FitzGerald Communications Inc. (617) 494-9500 |
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