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No. of Recommendations: 2
Here, Here! Whatever happens to AMSC from a financial perspective, I think Greg Yurek will be remembered as the founding father of commercializing supercondutor technology. This guy's got perserverance. AMSC was founded in 1987, and has yet to make a profit. Can you imagine what it took, year in and year out, to round up the support it took to get to this point? All the technical hurdles that had to be overcome? Pretty amazing.
Just to be clear, the wind farm technology is not superconductor based.
I don't have much confidence in either political party doing what really makes sense ... they are very driven by special interest financial support. Ethanol from corn is a great example ... the farm lobby loves it but the economics are fuzzy.
It does seem to me that the senators from Mass could do thier state a favor by paying a little attention to the AMSC naval ship motor issue. Why tie that motor's future to just the DDG-1000? The motor should be a good candidate for retrofit into older fleets. Seems like a few phone calls could generate some interest in that idea somewhere in the Navy.
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