At issue is the equipment that will help the world meet a growing need for more electricity, and doing that via renewable energy. The outfit also is a big player in wind power, cementing its place in renewable energy. Part of its success is in the burgeoning field of wind power. AMSC’s wire does better at lowering a ship’s magnetic signature and weighs one fifth what the old copper wire did. In buying Northeast Power Systems, AMSC paid $26 million in cash, plus 873,657 restricted shares of common stock.

Source: Forbes December 26, 2020 16:07 UTC