AMSC's ECS are an integrated, high-performance suite of power electronics systems that include the wind turbine power converter cabinet, internal power supply and various controls
Devens, MA – May 23, 2012 – AMSC (NASDAQ: AMSC), a global solutions provider serving wind and grid leaders, today announced that Inox Wind Limited, part of India's Inox Group of Companies, placed a follow-on order for 50 of AMSC's electrical control systems (ECS) for Inox's 2 megawatt (MW) wind turbines. AMSC expects to ship all of these systems to Inox in 2012. This is the fourth volume order that AMSC has received from Inox in the past two years.
"Inox is producing some of the best performing and most attractive wind turbines for the Indian market, which have been designed with consideration for Indian site conditions and low cost of operation and maintenance," said Devansh Jain, director of Inox Wind Limited. "We were amongst the first manufacturers to begin producing 2 MW turbines locally in volumes and have quickly established a leadership position in the market. This position is strengthened by our vertical approach, which includes best-in-class manufacturing as well as project development. We look forward to continuing our growth with AMSC at our side."
AMSC's ECS are an integrated, high-performance suite of power electronics systems that include the wind turbine power converter cabinet, internal power supply and various controls. Together, these systems serve as the "brains" of the wind turbine and enable reliable, high-performance operation by controlling power flows, regulating voltage, monitoring system performance, controlling the pitch of wind turbine blades and the yaw of the turbines to maximize efficiency.
The ECS are being utilized in Inox's 2 MW doubly-fed induction turbines, which were designed by and licensed from AMSC in 2009.
"Already the third largest wind power market in the world, India is supporting renewables in a significant way. In fact, the country recently introduced generation-based incentives for wind power, which incentivize project developers to select turbines that lower their levelized cost of energy and maximize their power output," said Daniel P. McGahn, President and CEO, AMSC. "This policy is sure to benefit a fully integrated player like Inox, who is committed to providing high-quality, competitively priced wind turbines with exceptional performance and reliability."
To learn more about AMSC's product offerings for the wind industry, please visit: http://www.amsc.com/windtec/index.html.
About Inox Wind Limited
Inox Wind Limited is part of the Inox Group of Companies. Inox Group is a $2 billion+, professionally managed business group, with interests in diverse businesses including Industrial Gases, Refrigerants, Engineering Plastics, Chemicals, Carbon Credits, Cryogenic Engineering, Renewable Energy and Entertainment. The INOX Group employs close to 9,000 people at more than 150 business units across the country, and has a distribution network that is spread across more than 50 countries around the globe. Each INOX Group company is characterized by three distinct characteristics - early identification of a winning business idea, building it to a size of dominant market leadership in that segment, and attaining a profit leadership position through cutting-edge efficiency in operations. The Inox Group of Companies, apart from Inox Wind Limited, includes amongst others, Inox Air Products Limited, Gujarat Fluorochemicals Limited, Inox India Limited, Inox Renewables Limited, Inox Leisure Limited and Fame India limited. More information is available at www.inoxwind.com.
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 enables manufacturers to launch best-in-class wind turbines quickly, effectively and profitably. 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 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.