American Superconductor Corp - Company Profile

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American Superconductor Corp: Segment Analysis

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Business Description

American Superconductor Corp (AMSC) is a provider of megawatt-scale power resiliency technological solutions that reduce the cost of wind power and enhance the performance of the power grid. Its wind and power grid solutions assist in improving energy efficiency, alleviating power grid capacity constraints, improving system resiliency and increasing the adoption of renewable energy.

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R&D Overview

AMSC's R&D initiatives primarily focus on megawatt-scale offerings, including designs of power electronics for large wind turbine platforms and systems that stabilize power flows, integrate renewable power into the grid, and carry power to and from transmission and distribution substations. The R&D units of the company are located in Ayer, Massachusetts; Klagenfurt, Austria; Pewaukee, Wisconsin; and Richland, Washington. These units are responsible for the company's research and development, product development, sales efforts, and manufacturing activities. The company has received numerous patents and filed additional patent applications on power quality and reliability systems, including their D-VAR products. The company's grid patents will begin to expire in 2027, with the latest set to expire in 2040. Under their Windtec Solutions brand, it designs a variety of wind turbine systems and licenses these designs to third parties. Its wind patents will begin to expire in 2025, with the latest set to expire in 2039. In FY2025, the company spent US$11.4 million on R&D, which as a percentage of revenue, stood at 5% and increased 42.5% YoY.

Business Segments

Overview

Provides power resiliency solutions to electric utilities, industrial facilities, and renewable energy project developers. It offers transmission planning services, power electronics, and superconductor-based systems. It also sells ship protection products to the US Navy. The key brands associated with this segment include D-VAR, Northeast Power Systems, Inc. (NEPSI), Neeltran, and ship protection systems (SPS).

Performance

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Overview

Enables manufacturers to field wind turbines through its Windtec Solutions. It supplies advanced power electronics and control systems, licensed engineered wind turbine designs, and provides customer support services to wind turbine manufacturers. The design portfolio includes a broad range of drive trains and power ratings of two megawatts (MW) and higher.

Performance

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Geographical Segments

Performance

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Performance

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Performance

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