• About Us
  • Home
Sunday, July 3, 2022
No Result
View All Result
NEWSLETTER
WiredNewsEngine
  • Home
  • Press Release
  • Entertainment
  • Health
  • Legal
  • Business
  • Featured
  • Current
  • Home
  • Press Release
  • Entertainment
  • Health
  • Legal
  • Business
  • Featured
  • Current
No Result
View All Result
WiredNewsEngine
No Result
View All Result
Home Business

Blade Dynamics Sells 25pct to American Superconductor, Dow

by WebMaster
August 21, 2010
in Business, Press Release
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Aug. 20, 2010 — Blade Dynamics, a designer and manufacturer of wind turbine blades, has sold 25 percent of the company to American Superconductor Corp. (AMSC) and Dow Chemical Company. Dow, through its Venture Capital group, made a minority equity investment in Blade Dynamics.

AMSC has acquired its 25 percent stake in Blade Dynamics for $8 million in cash and will have one seat on the Blade Dynamics Board of Directors. In addition to providing AMSC Windtec licensees with a differentiated blade offering, AMSC expects that its investment could expand the company’s sales opportunities with other wind turbine manufacturers around the world. AMSC also expects that Blade Dynamics technology will provide a blade platform for the company’s 10 MW SeaTitan superconductor wind turbines.

Louisiana Economic Development also announced that it is providing an incentive package to help Blade Dynamics establish and operate a manufacturing facility in New Orleans. This incentive package is worth up to $30 million and is contingent on the company meeting certain capital investment and job creation milestones. The operation is expected to add at least 600 jobs to the local economy over the next decade.

For more wind turbine blades news, visit Wind Energy Industry Today:
Wind Turbine Blades news – http://windenergy.einnews.com/news/wind-turbine-blades

Located at http://windenergy.einnews.com, Wind Energy Industry Today is a wind energy news monitoring service from EIN News.

WebMaster

WebMaster

Next Post

Vermont Distributes $4.7 million for Solar Projects

Popular News

  • Silencil Reviews – Does It Silence Tinnitus for Real?

    0 shares
    Share 0 Tweet 0
  • Clinitron Bed Management For Flap Patients Is The Standard Of Care

    0 shares
    Share 0 Tweet 0
  • Ceremony CBD Oil Reviews: Trustworthy Hemp CBD Liquid Drops?

    0 shares
    Share 0 Tweet 0
  • Kansas sperm donor asked to pay child support

    0 shares
    Share 0 Tweet 0
  • Capital Analysts of Jacksonville Supports Fiscal Responsibility

    0 shares
    Share 0 Tweet 0

Rehabs Near Me Launches New Rehab Services in the US

February 25, 2021

Ginger-Powered Recoup Beverage: A Founder’s Unlikely Story of Survival and Success

February 13, 2021

What is Unix: The Base of All Operating Systems?

February 2, 2021

Categories

  • Banking
  • Bollywood
  • Brand Partner Content
  • Business
  • Cancer
  • Current
  • Entertainment
  • Featured
  • Finance
  • Health
  • Hollywood
  • Legal
  • Press Release
  • Technology
  • World News
  • Home
  • Press Release
  • Entertainment
  • Health
  • Legal
  • Business
  • Featured
  • Current

No Result
View All Result
  • About Us
  • Home