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Superconductor breakthrough at Rutgers boosts global market

12/28/2014

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New Brunswick, NJ, December 1, 2014 – According to Companies and Market.com, “Earlier this month, researchers from Rutgers University have for the first time harnessed the power of a supercomputer to develop methods that can be used to identify which materials have superconducting properties. The study, published in Nature Physics, offers new ways to study spin dynamics in non-superconducting materials, potential superconductive materials and those materials that pose barriers to conventional study, such as those with radioactive properties.”

Using millions of processor hours of a 27-petaflop Titan supercomputer to develop electronic structure algorithms, researchers have been able to model dynamic spin structure factors – i.e. the way in which electrons orientate themselves and correlate their spins within a material – of 15 iron-based materials.

The article continues, “The basic principle of superconductivity is relatively simple. When cooled to a sufficiently cool temperature, some materials exhibit the property of allowing electrons to flow with virtually zero resistance, allowing a wide spectrum of potential applications such as high performance magnets, power cables, superconducting fault current limiters and nuclear magnetic resonance equipment. Superconductors are frequently used by energy companies to enhance power grid performance. One leading company that uses superconductor technology is American Superconductor, a provider of large-scale (1MW and over) electrical equipment for the wind power industry. The company’s market cap was around $110 million, following a quarterly results update earlier this month.”

For the complete article, click here.
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