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AMSC has announced $15 million of new energy power system orders. This includes orders for AMSC’s D-Var Statcom system, AMSC’s D-Var VVO system as well as the recently acquired NEPSI metal enclosed capacitor banks and harmonic filters.
The orders principally serve the renewable energy sector in the USA. These systems are expected to provide voltage regulation by responding to varying load conditions while connecting wind power plants to the electric grid or connecting residential solar to the electric grid. A portion of the revenue from these orders is expected to be recognized in fiscal year 2021.
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