Boston, MA 04/24/2014 (wallstreetpr) – Applied Materials, Inc. (NASDAQ:AMAT) has tied up with Central Hudson Gas &Electric for demonstration of fault current limiter in superconducting technology, in New York. Applied Materials is an American corporation which is involved in manufacturing and providing services to technology companies across the globe. Central Hudson is involved in the delivery of electricity and natural gas.
SCFCL technology in testing phase
Applied Materials, Inc. (NASDAQ:AMAT) has finished its assembly of superconducting fault current limiter (SCFCL) system. The systems are ready for installation and on site testing. The testing would be performed at the Knapps Corners Substation. Central Hudson Gas and Electric Corp. is incharge of the substations in New York. It is estimated that the SCFCL systems are scheduled to be operational by May.
Other partners in the core group
The New York State Energy Research and Development Authority (NYSERDA), SuperPower Inc. and Three-C Electrical Co. are the other members involved in the venture. SuperPower is involved in manufacturing of high-temperature superconducting wires. Three- C Electrical Co is a utility systems integrator that providesthe implementation of the system. The New York State Public Service Commission will be monitoring the performance data for one year.
Need for SCFCL technology
There had been damages and interrupted power supply due to faulty current. The system will save Central Hudson’s electricity grids from damage caused by effects of electricity faults due to lightning, downed or overlapping power lines. This causes stress on transformers, breakers and wires, leading to failure of power supply system. The SCFCL technology will strengthen the life of wires and safeguard the equipments by offering resistance. The system will decrease the first peak of fault current on power lines up to 50% and more. The aim is to provide uninterrupted power supply to the consumers.
Applied Materials, Inc. (NASDAQ:AMAT) has used its best expertise in high voltage engineering, in semiconductor technology. The successful implementation of this system will add to the company’s value. Applied Materials is also eyeing other partners worldwide for similar projects.
The share price closed at $19.25 on April 23, down 0.57% from its previous close.
