AMSC, the Devens company formerly known as American Superconductor, saw its losses shrink in its third quarter – three months that included a 25-percent reduction of its workforce.
The carbon cap shared by nine states, including Massachusetts, will be about 74 million tons lower next year and closer to the states' actual total carbon dioxide output under a new Regional Greenhouse Gas Initiative plan.
National Grid, whose electricity and gas territory covers most of Central Massachusetts, said it is preparing for widespread and prolonged power outages as a result of the snow that has already started falling today.
Massachusetts and the other eight states comprising the Northeast cap-and-trade program Regional Greenhouse Gas Initiative have agreed to strengthen it by lowering the cap on carbon emissions.
Southborough-based Sevcon Inc., which makes drivetrain controls for electric and hybrid vehicles, saw its sales fall 22 percent in its first fiscal quarter, helping drive a loss of $1.3 million.
Devens-based AMSC said it will sell high-temperature superconductor (HTS) wire to Nexans, a French provider of cables and cabling systems. Nexans will use the wire as part of a type of surge protector for a project designed to replace high-voltage equipment in inner cities with superconductor systems.