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American Superconductor Corp Gets Govt Funding.

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M2 PRESSWIRE-29 June 2007-ANALYSIS: American Superconductor Corp Gets Govt Funding(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:29062007

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American Superconductor Corporation a leading energy technologies company, announced Thursday 2007-06-28 that the United States Department of Energy is providing up to $21.7 million in funding for the following two new AMSC high temperature superconductor (HTS) projects:

* AMSC has been selected to lead the development of key components required to commercially deploy an HTS power cable system powered by AMSC's second generation (2G) HTS wire (branded as 344 superconductors) in the Long Island Power Authority (LIPA) power grid. This will be a transmission voltage (138kV) extension of the cable system that is currently being installed in LIPA's grid, which utilizes first generation HTS wire and which is expected to be energized later this year. AMSC will serve as project manager and wire supplier, and has chosen Nexans as the cable manufacturer and Air Liquide Advanced...

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