American Superconductor Corporation (AMSC) has announced that it has acquired a 25 per cent ownership position in Blade Dynamics Ltd. for US$ 8 million in cash. The company is a designer and manufacturer of wind turbine blades based on proprietary materials and structural technologies.
Founded in the United Kingdom in 2007, Blade Dynamics has developed wind turbine blade technologies designed to increase the efficiency and performance of multi-megawatt wind turbines while also reducing costs. The Dow Chemical Company through its Venture Capital group, also made a minority equity investment in Blade Dynamics. AMSC will have one seat on the Blade Dynamics Board of Directors. In addition to providing AMSC Windtec licensees with a differentiated blade offering, AMSC expects that its investment could expand the company’s sales opportunities with other wind turbine manufacturers around the world. AMSC also expects that Blade Dynamics technology will provide a compelling blade platform for the company’s 10MW SeaTitan superconductor wind turbines.
Founded in the United Kingdom in 2007, Blade Dynamics has developed wind turbine blade technologies designed to increase the efficiency and performance of multi-megawatt wind turbines while also reducing costs. The Dow Chemical Company through its Venture Capital group, also made a minority equity investment in Blade Dynamics. AMSC will have one seat on the Blade Dynamics Board of Directors. In addition to providing AMSC Windtec licensees with a differentiated blade offering, AMSC expects that its investment could expand the company’s sales opportunities with other wind turbine manufacturers around the world. AMSC also expects that Blade Dynamics technology will provide a compelling blade platform for the company’s 10MW SeaTitan superconductor wind turbines.
