|
|
Article: Electricite De France, ABB and American Superconductor Sign $15 Million Pact To Accelerate HTS Wire Development for Next Generation Power Transformers
- Article from:
- PR Newswire
- Article date:
- January 12, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Global Power Market Leaders Will Drive Commercialization of Unprecedented
High Temperature Superconducting Transformers
WESTBOROUGH, Mass., Jan. 12 /PRNewswire/ -- Electricite de France (EDF), American Superconductor Corporation (Nasdaq: AMSC), and ABB announced the signing of agreements for a $15 million, four-year, joint-development program. The purpose of the program is to accelerate the development of high temperature superconducting (HTS) wire with important new functionality for power transformers. As part of the agreement, each partner will contribute $5 million to American Superconductor for this program.
The annual ...