AMSC, Hyundai expand wind power strategic alliance

Devens, Mass., June 9, 2010 — American Superconductor Corp. and Hyundai Heavy Industries Co. expanded their strategic alliance to include the joint development of a 5 MW full conversion wind turbine primarily for use in the burgeoning offshore wind industry.

Under the terms of the alliance, the 5 MW wind turbine design will be jointly developed by HHI and AMSC’s wholly-owned AMSC Windtec subsidiary.

Once HHI begins volume production of the wind turbines, which is expected to commence by the end of 2011, HHI will purchase power electronic components for the 5 MW wind turbines from AMSC.

In October 2008, AMSC Windtec licensed 1.65 and 2 MW doubly-fed induction wind turbine designs to HHI. HHI already has begun volume production of the 1.65 MW wind turbines and has ordered nearly 80 sets of electrical control systems and power electronic components from AMSC for this platform.

HHI also has ordered an initial 10 wind turbine electrical control systems from AMSC for use in its first 2 MW wind turbines. HHI plans to commission its first 2 MW wind turbines by June 12, 2010 and plans to enter volume production of these wind turbines by the end of this year.

Under the terms of the new development contract, HHI will have the ability to market, manufacture and sell 5 MW wind turbines globally.

AMSC’s wind turbine electrical control systems and electrical components include the company’s proprietary PowerModule power converters, pitch and yaw converters and SCADA systems.

They enable reliable, high-performance wind turbine operation by controlling power flows, regulating voltage, monitoring system performance, controlling the pitch of wind turbine blades and the yaw of the turbines to maximize efficiency.

Founded in 1972, Hyundai Heavy Industries is an integrated heavy industries company with nearly $18 billion in annual sales. HHI operates six divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro Electric Systems and Construction Equipment. The company employs over 24,000 people at more than 30 locations worldwide.

AMSC offers an array of proprietary technologies and solutions spanning the electric power infrastructure — from generation to delivery to end-use. The company is a leader in renewable energy, providing proven, megawatt-scale wind turbine designs and electrical control systems.

The company also offers a host of smart grid technologies for power grid operators that enhance the reliability, efficiency and capacity of the grid, and seamlessly integrate renewable energy sources into the power infrastructure. These include superconductor power cable systems, grid-level surge protectors and power electronics-based voltage stabilization systems.


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