AMSC, a global energy solutions provider serving wind and power grid industries, announced four new D-VAR STATCOM system orders valued at $10 million. All orders serve the renewable energy sector, three in the U.S. and one in Jordan. These D-VAR systems are expected to provide voltage regulation by dynamically responding to varying load conditions while connecting wind-power plants to the electric grid.
“We expect year-over-year revenue growth in our grid segment in fiscal year 2019,” said Daniel P. McGahn, Chairman, President and CEO, AMSC. “We are building a strong backlog of grid orders as demonstrated by today’s announcement and news announced two weeks ago. These two consecutive D-VAR system announcements are testament to the team’s ability to diversify into renewable application territories and expand into the industrial segment,”
Customers use AMSC’s D-VAR system solutions to provide dynamic voltage control, power factor correction, and reactive compensation to stabilize the power grid and prevent undesirable events such as voltage collapse. The D-VAR system is designed to be able to detect and instantaneously compensate for voltage disturbances by dynamically injecting leading or lagging reactive power into the power grid.
These system solutions are designed to augment the overall performance of wind farms and to enable developers to meet grid interconnection requirements. The system is a powerful, cost-effective way to provide continuous voltage regulation, improve voltage stability, meet interconnection requirements, and dynamically provide grid support where it is needed.
“Demand for our D-VAR system solution is driven by increasing renewable use in the U.S. as energy consumers transition to a cleaner-energy economy and renewable electricity becomes increasingly price competitive with fossil fuels,” added McGahn.
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