Newspaper article The Journal (Newcastle, England)

Green Power Technology Firm Wins Pounds 2.5m Deal

Newspaper article The Journal (Newcastle, England)

Green Power Technology Firm Wins Pounds 2.5m Deal

Article excerpt

Byline: John Hill

RENEWABLE energy technology firm Applied Superconductor has won a contract with CE Electric that could be worth up around pounds 2.5m.

The deal is the first commercial contract for the Blyth company, which has developed a superconducting fault current limiter technology that protects electricity networks from current surges.

Applied Superconductor's Chris Waller said: "It's a big step. We're processing the order now.

"The market is driven by Ofgen, which has been encouraging utility companies to look at innovation so we're in the early stage of an innovation market. Commercial sales may take a little while longer."

Waller said the success of the company's fault current limiters would help to reduce problems with connecting renewable energy generators to distribution networks. The firm believes the technology will help reduce asset management costs.

He said: "The fault levels are seen as a potential bottleneck to renewable energy generation. The government is trying to encourage the generating companies to connect up and are incentivising that process, but the network companies are going to struggle to provide the infrastructure to do so. We see this technology as an enabling technology which will allow a larger number of generators to connect up.

"Companies have gone through the process of getting planning permission but that doesn't get round the problem that you've still got to improve the infrastructure. …

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