President Obama Awards $2.3 Billion for New Clean-Tech Manufacturing Jobs

President Obama Awards $2.3 Billion for New Clean-Tech Manufacturing Jobs

Yesterday, at the White House, President Obama announced the award of $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. The 183 projects in 43 states will generate more than 17,000 high quality clean energy jobs and the domestic manufacturingof advanced clean energy technologies including solar, wind, and efficiency and energy management technologies. This investment will be matched by as much as $5.4 billion in private sector funding likely supporting up to 41,000 additional jobs.

American Superconductor Bags Large Order for Second Generation High Temperature Superconducting Wire

In a significant boost to the emerging high temperature superconducting wire sector, American Superconductor Corporation (AMSC), a leading supplier of super-conducting wire, announced that LS Cable Ltd. (LS Cable) has ordered approximately 80,000 meters of its 344 superconductors, AMSC’s proprietary brand of second generation (2G) high temperature superconductor (HTS) wire.

Superconducting cables are poised to play a critical and important role in the evolving smart grid. Superconducting cables are capable of carrying much more current and have significantly lower impedance than conventional cables; because of this they facilitate more efficient AC power flows within the grid.