AMSC Announces New Energy System Orders

First, AMSC® is a leading system provider of megawatt-scale energy resiliency solutions. It manages the rhythm and harmony of energy on the grid™ and protects and expands the capability of the Navy’s fleet.

Second, the company announced $40 million in new energy supply system orders. This includes controls for reactive compensation, closed capacitor banks, harmonic filters, voltage regulators, rectifiers and transformers.

More than half of the revenue from these orders is expected to be recognized in fiscal 2022.

Tailwinds in our key markets are accelerating bookings of our new energy supply system solutions.

Daniel P. McGahn, President, President and CEO, AMSC.

Energy supply systems

AMSC’s new power systems solutions include the D-VAR® and D-VAR VVO® offerings as well as the NEPSITM and NeeltranTM businesses.

Customers use AMSC’s solutions to provide voltage control, power factor correction and reactive compensation to stabilize the power grid and prevent unwanted events such as voltage collapse.

The semiconductor industry is expected to continue to increase capital expenditure in the years to come. The shift to decarbonization and energy independence in many countries is also expected to result in widespread adoption of renewable energy systems across the globe. We believe that this dynamic has the ability to sustain demand for our products in the medium and long term.

Daniel P. McGahn, President, President and CEO, AMSC.

AMSC’s new power systems solutions include the D-VAR® and D-VAR VVO® offerings as well as the NEPSITM and NeeltranTM businesses.

Customers use AMSC’s solutions to provide voltage control, power factor correction and reactive compensation to stabilize the power grid and prevent unwanted events such as voltage collapse.

The systems are designed to instantly detect and compensate for voltage disturbances. With Neeltran, AMSC offers power conversion products. These products include transformers and rectifiers. Additionally, the systems help utilities manage their power quality issues and expand grid capacity for distributed generation of renewable energy.

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About CSIA

AMSC generates ideas, technologies and solutions that meet the global demand for smarter, cleaner…better energy.

Gridtec™ Solutions provides technical planning services and advanced grid systems that optimize grid reliability, efficiency and performance.

Marinetec™ Solutions, AMSC offers a ship protection system. It develops propulsion and energy management solutions designed to help fleets increase system efficiency, improve power quality and enhance operational safety.

Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs; and engineering services that reduce the cost of wind energy.

The company’s solutions improve the performance and reliability of power grids, increase the operational safety of navy fleets and power gigawatts of renewable energy around the world.

Founded in 1987, AMSC is headquartered near Boston, Massachusetts, with operations in Asia, Australia, Europe and North America.

For more information, visit www.amsc.com.