Mcgahn News

The US-based energy solutions provider AMSC announced it has received a $9 million order for its 5.5 MW wind turbine electrical control systems from the Korean power company Doosan Heavy Industries & Construction (DHIC)AMSC signed an agreement with the South Korea’s wind turbine manufacturer in calendar year 2017 for the rights to design and exclusively supply ECS units to Doosan’s 5.5-megawatt offshore wind turbine.The initial 5.5 MW systems were ordered in January 2018, and AMSC expects to complete shipments under this follow-on order by no later than fiscal year 2020.“We believe that this order represents the beginning of Doosan’s transition into volume production with one of the world’s largest offshore wind turbines,” said Daniel P.

AMSC (Nasdaq:AMSC), a global solutions provider serving wind and grid leaders, today announced that it has reduced its workforce by approximately 25 percent and is consolidating office space to lower operating costs and enhance liquidity in response to challenging conditions in the wind power market. Reductions have been made across all of AMSC's major geographic locations and functions. The company now has a global workforce of approximately 340 employees. "While the long-term prospects for renewable energy remain bright…

American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, announced that Daniel P. McGahn has been promoted to the position of President and Chief Operating Officer. In this role, McGahn will be responsible for AMSC’s day-to-day global operations. He will continue to report to AMSC founder and Chief Executive Officer Greg Yurek. McGahn joined AMSC in December 2006 as Vice President, Strategic Planning and Corporate Development. His primary initial objective was to set up and operate AMSC China. McGahn hired and developed the core AMSC China team, including AMSC China’s general manager, drove a strategic site selection process based on customer and supply chain requirements…

American Superconductor Corporation (NASDAQ: AMSC), an  energy technologies company, and Northrop Grumman Corporation (NYSE: NOC) announced the successful completion of full-power testing of the world’s first 36.5 megawatt (49,000 horsepower) high temperature superconductor (HTS) ship propulsion motor at the U.S. Navy’s Integrated Power System Land-Based Test Site in Philadelphia. This is the first successful fullpower test of an electric propulsion motor sized for a large Navy combatant and, at 36.5 megawatts, doubled the Navy’s power rating test record. This system was designed and built under a contract from the Office of Naval Research to demonstrate the efficacy of HTS motors as the primary propulsion technology for future Navy all-electric ships and submarines.

American Superconductor Corporation, announced that it has supplied critical components to the Office of Naval Research (ONR) and the Naval Surface Warfare Center Carderock Division (NSWCCD) Ship Engineering Station Philadelphia for a high temperature superconductor (HTS) degaussing coil system that has successfully completed initial electrical testing onboard the USS Higgins (DDG 76), an 8,000-ton Arleigh Burke-class destroyer. Powered by AMSC’s HTS wire and magnet cable technology, the coil system will undergo U.S. Navy sea trials over the next two years on the Higgins. Degaussing systems containing multiple tons of copper wire are utilized in most naval ships to cloak their magnetic signature…