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If you have some doubts on your investment, just do some research. The so called Wise, called journalists, many times look for an angle to exploit to sell Magazines ! A lot in fact ! Wacky Technology?

Would Pirelli or GE, world leaders in the electric business have alliances with "wacky Technology". Sounds like this author needs to go back to school !

Here is the facts of this technology from a totally BIASED observer. AMSC themseves! Check this out for their website.

Electric Power Applications of Superconductivity

From generators to transformers, transmission and distribution to motors, wire forms the basic building block of the world's electric power system. The discovery of revolutionary high temperature superconducting (HTS) compounds in 1986 led to the development of a radically new type of wire for the power industry—the most fundamental advance in wire technology in more than a century.

In the United States, Europe and Japan, the race is on to commercialize this next-generation wire. American Superconductor's HTS wire offers best-in-class in performance—carrying over one hundred times more current than conventional copper and aluminum conductors of the same dimension. The superior power density of HTS wire will enable a new generation of power industry technologies. It offers major size, weight and efficiency benefits. Working with leading original equipment manufacturers (OEMs) from around the world including Pirelli, ABB and Rockwell Automation; American Superconductor is driving this development. HTS technologies will drive down costs and increase the capacity and reliability of electric power systems in a variety of ways:

High capacity cable capable of transmitting two to five times more power through existing rights of way. This new cable will offer a powerful tool to improve the performance of power grids while reducing their environmental footprint.

Compact, efficient and powerful motors with output ratings of 1000 hp and above. The use of HTS technology enables the design of high-efficiency motors that are dramatically smaller and lighter than the conventional motors they replace.

Inherently safe, environmentally benign and "smart" transformers. Superconductivity enables these devices to automatically limit the spread of dangerous fault currents, offering important system reliability and performance benefits.

HTS technology also enables other applications such as compact and efficient generators that provide fast, reactive power support. These HTS generators can help keep the grid running smoothly in the face of new patterns of power flows brought on by deregulation of power generation throughout the world. Stand-alone fault current limiters represent a new class of devices that will protect power grids from troublesome current surges that can cause costly outages and damage utility system components.

American Superconductor is currently addressing utility and industrial customer demand for grid stabilization and power quality technology through its patented SMES technology. This compact power storage system incorporates conventional low-temperature and revolutionary HTS materials, to smooth voltage disturbances on power grids and in industrial plants.

In the past three decades, electricity has risen from 25% to 40% of end-use energy consumption in the United States. With this rising demand for power comes an increasingly critical requirement for highly reliable, high quality "high-nines" power. As power demands continue to grow, older urban power systems in particular are being pushed to the limit of performance, calling for new solutions. Throughout the electric power industry, from production through transmission and distribution to end-use, superconductivity is forming the basis for a new set of technologies that will revolutionize the way the world uses electricity. American Superconductor, with its HTS wire technology and network of alliances with leading OEMs, is leading the way.

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