5MW machine was being co-developed by Hyundai Electric & Energy Systems and AMSC
, until Doosan bought the prototype turbine, design and rights to manufacture and sell the hardware.
According to AMSC
, the STATCOM solutions provide dynamic voltage control, power factor correction, and post-contingency reactive compensation to stabilize the power grid and prevent undesirable events such as voltage collapse.
generates the ideas, technologies and solutions that meet the world's demand for smarter, cleaner energy.
In the case of AMSC
, regulators told the company that when its shares dropped below $1, the Nasdaq would remove its shares unless it complied with its minimum bid rule.
2m (USD20m) break-up fee advanced by the buyer on 29 June, AMSC
said in a statement.
Based in Zhuzhou City in the Hunan province of China, CSR-ZELRI first began working with AMSC
Windtec in January 2007.
noted that funding for the bus, which will initially be demonstrated in Winnipeg, Manitoba, was provided in part by Natural Resources Canada (NRCan).
- owned by a consortium of companies like heavy-hitters AT&T Wireless Services Inc.
The parties expect these agreements to result in the development of a potentially low cost manufacturing process at BASF and to enable AMSC
to focus resources on driving down the total system cost.
The exact exchange ratio would be determined by the AMSC
board with an aim of lowering the number of authorized common shares to 75 million, AMSC
said in its filing Wednesday with the Securities and Exchange Commission.
The boards of directors of AMSC
and The Switch have given a greenlight to the transaction.