Alliant Energy Chooses D-VAR VVO™ for Distribution Grid Voltage Optimization Project
May 22 2018 - 9:00AM
AMSC (NASDAQ:AMSC), a global energy solutions provider serving wind
and power grid industry leaders, today announced the successful
commissioning of AMSC’s D-VAR VVO™ system as part of Alliant Energy
Corporation’s (Alliant Energy) voltage optimization and energy
efficiency pilot program. Alliant Energy commissioned the D-VAR
VVO™ system in its distribution grid in the state of Iowa.
“The distribution grid in Iowa was chosen as one of the pilot
projects for D-VAR VVO™ due to the physical characteristics of
challenged feeder lines in the region,” said Fred Johnston,
Distributed Energy Planning Manager, Alliant Energy. “This project
is expected to provide invaluable knowledge about managing the
growing desire from our customers for the distribution of renewable
energy and its impact on our equipment and power quality, while
giving us the ability to utilize conservation voltage reduction for
energy savings and peak demand reduction.”
“This project at Alliant Energy is providing critical knowledge
and validation that the D-VAR VVO™, when deployed on distribution
feeders, can not only improve power quality and distributed
generation hosting capacity, but also has the potential to provide
significant customer cost benefits when deployed as part of a
utility’s conservation voltage reduction strategy,” said Daniel P.
McGahn, President and CEO, AMSC. “This project is expected to
quantify the energy savings benefits for our customers and expand
our ability to support additional renewable generation directly on
the distribution grid.”
AMSC’s D-VAR VVO™ pilot partners are established utilities that
are experiencing rapid growth of renewable distributed generation
(DG) and electric vehicle (EV) charging capacity within their
distribution networks. Because both renewable distributed
generation, such as rooftop and community solar power, and electric
vehicle charging are inherently dynamic and variable in nature,
utilities are now striving to enhance their distribution grid
network’s capabilities to accommodate these new resources and
customers, while maintaining efficiency and superior power quality.
D-VAR VVO™ solutions offer precise and fast reactive power and
voltage control to maintain utility power quality standards, while
enabling growing interest in distributed generation and electric
vehicles.
Conservation Voltage Reduction (CVR) is an increasingly
widespread method used by electric utilities to increase efficiency
and reduce peak electric loading on their system to reduce costs
and improve reliability, with minimal impact on customers.
The D-VAR VVO™ helps utilities manage their power quality
concerns and expands grid capacity for renewable DG and EVs.
The D-VAR VVO™ equipment reacts seamlessly to EV-driven rapid load
changes and clouds passing or changing wind speeds across the
distribution grid, minimizing the impact on electrical equipment
and customers, and helping utilities meet power quality standards
even as more renewable DG and EVs come on-line. In addition,
D-VAR VVO™ gives utilities the ability to enact widespread
reduction in system voltages, on command, to execute CVR
programs. The D-VAR VVO™ is designed to achieve all of this
with no moving parts, a minimal number of installation sites, and
virtually no maintenance requirements.
About AMSC (Nasdaq: AMSC)AMSC generates the
ideas, technologies and solutions that meet the world's demand for
smarter, cleaner … better energy™. Through its Windtec™ Solutions,
AMSC provides wind turbine electronic controls and systems, designs
and engineering services that reduce the cost of wind energy.
Through its Gridtec™ Solutions, AMSC provides the engineering
planning services and advanced grid systems that optimize network
reliability, efficiency and performance. The Company's solutions
are now powering gigawatts of renewable energy globally and are
enhancing the performance and reliability of power networks in more
than a dozen countries. Founded in 1987, AMSC is headquartered near
Boston, Massachusetts with operations in Asia, Australia, Europe
and North America. For more information, please
visit www.amsc.com.
About Alliant EnergyAlliant Energy Corporation
(NYSE:LNT), headquartered in Madison, Wisconsin, provides regulated
electric and natural gas service to 960,000 electric and 410,000
natural gas customers across Iowa and Wisconsin. Alliant Energy’s
mission is to deliver the energy solutions and exceptional service
customers and communities count on – safely, efficiently and
responsibly. Interstate Power and Light Company and Wisconsin Power
and Light Company are Alliant Energy’s two public utility
subsidiaries. Alliant Energy Corporation is a component of the
S&P 500 and trades under the symbol LNT. For more information,
visit alliantenergy.com.
AMSC, Windtec, Gridtec, D-VAR VVO, and Smarter, Cleaner … Better
Energy are trademarks or registered trademarks of American
Superconductor Corporation. All other brand names, product names,
trademarks, or service marks belong to their respective
holders.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”). Such statements include, but are
not limited to, statements about our expectations regarding
functionality, performance and capabilities of the D-VAR VVO™, its
benefits and other impacts on AMSC, utility grids and consumers,
and AMSC’s related plans and goals; industry trends; and other
statements containing the words “believes,” “anticipates,” “plans,”
“expects,” “will” and similar expressions. Such forward-looking
statements represent management’s current expectations and are
inherently uncertain. There are a number of important factors that
could materially impact the value of our common stock or cause
actual results to differ materially from those indicated by such
forward-looking statements. These important factors include, but
are not limited to: We have a history of operating losses and
negative operating cash flows, which may continue in the future and
require us additional financing in the future; Our operating
results may fluctuate significantly from quarter to quarter and may
fall below expectations in any particular fiscal quarter; Our
financial condition may have an adverse effect on our customer and
supplier relationships; Our success is dependent upon attracting
and retaining qualified personnel and our inability to do so could
significantly damage our business and prospects; Failure to
successfully execute the move of our Devens, Massachusetts
manufacturing facility or achieve expected savings following any
such move; We rely upon third-party suppliers for the components
and sub-assemblies of many of our Wind and Grid products, making us
vulnerable to supply shortages and price fluctuations; Many of our
revenue opportunities are dependent upon subcontractors and other
business collaborators; Our products face intense competition; Our
success depends upon the commercial use of high temperature
superconductor (“HTS”) products, which is currently limited, and a
widespread commercial market for our products may not develop; [e]
and our success depends on our ability to license such patents or
other proprietary rights; We may not realize all of the sales
expected from our backlog of orders and contracts; We have
operations in and depend on sales in emerging markets, and global
conditions could negatively affect our operating results or limit
our ability to expand our operations outside of these countries; We
face risks related to our intellectual property; We face risks
related to our legal proceedings; and the important factors
discussed under the caption “Risk Factors” in Part 1. Item 1A of
our Form 10-K for the fiscal year ended March 31, 2017, and our
other reports filed with the SEC. These important factors, among
others, could cause actual results to differ materially from those
indicated by forward-looking statements made herein and presented
elsewhere by management from time to time. Any such forward-looking
statements represent management’s estimates as of the date of this
press release. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation
to do so, even if subsequent events cause our views to change.
These forward-looking statements should not be relied upon as
representing our views as of any date subsequent to the date of
this press release.
AMSC Contact:
Brion D. TanousPhone: 424-634-8592Email:
Brion.Tanous@amsc.com
Public Relations Contact: Nicol Golez Phone:
978-399-8344 Email: Nicol.Golez@amsc.com
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