AMSC has reported power systems orders worth $15 Million from renewable energy sector

by Nov 3, 2020

Post Northeast Power Systems, Inc. (NEPSI) acquisition in October, American Super Conductor has announced orders of worth $15 Million from renewable energy sector of US. Major chunk of these orders come from the AMSC offerings D-VAR STATCOM and D-VAR VVO System while remaining orders account for the NEPSI’s product line of metal enclosed capacitor banks and harmonic filters. The reported revenue is higher than the AMSC’s quarterly reported revenues. Clearly, having NEPSI’s products under AMSC umbrella has expanded AMSC customer base. PTR believes that AMSC revenues are expected to increase in future once global market recovers from COVID effects. Link to the news: