This is an excerpt from EERE Network News, a weekly electronic newsletter.

July 23, 2003

DOE to Fund Half of New York Superconductor Cable Project

DOE will contribute $13 million toward a $26 million project to install a high-temperature superconductor (HTS) cable in Albany, New York, a lead company in the project announced on July 14th. As announced in November 2002, SuperPower, Inc. will lead a project to install a 350-meter length of high-temperature superconductor (HTS) cable connecting two electric substations in Albany, New York, by 2005. As part of DOE's Superconductivity Partnership Initiative, the project will demonstrate the feasibility of using HTS cables in an electric utility grid. SuperPower is a subsidiary of Intermagnetics General Corporation, which made the announcement. See the Intermagnetics press release.