American Superconductor Corporation (AMSC), an energy technologies company, announced that it has received an order for first generation (1G) high temperature superconductor (HTS) wire from the Korea Electrotechnology Research Institute (KERI) based in South Korea. The company will utilize 22,000 meters of 1G wire to begin a 10 year project focused on developing superconductor magnetic energy storage (SMES) systems.
SMES systems provide backup electric power that is able to respond instantly to power fluctuations on transmission and distribution grids. KERI is developing SMES systems that utilize coils of HTS wire that can store and then release megawatts of power instantly to stabilize voltage in power grids.
Greg Yurek, CEO of AMSC, said, "Our strategy to meet near term demand for HTS wire with 1G inventory as we bring our production equipment for 344 superconductors on line is paying off. Demand for HTS wire and an application continues to build, and American Superconductor is capitalizing fully on every opportunity. Our 344 superconductors, which we believe will have dramatically lower cost and higher performance than 1G wire, will serve as the primary catalyst for widespread adoption of HTS technology in the utility, military and industrial markets, among others."
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