American Superconductor has announced it has acquired a 25% stake in Isle of Wight-based wind turbine company, Blade Dynamics.
The UK designer and manufacturer of advanced wind turbine blades sold the stake for $8 million in cash plus one seat on the company’s board. Blade Dynamics designs increase efficiency and performance of high power wind turbine blades. Dow Chemical (DOW) also purchased a minority stake in the company. “The design and manufacturing processes for…
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