Green Innovations

Developing renewable and clean technology companies in New York

Tuesday, December 1, 2009

The New York Independent System Operator (NYSIO) awarded $37.4 million in federal smart grid funds

The New York Independent System Operator (NYISO) has been awarded $37.4 million dollars in federal stimulus funds by the U.S. Department of Energy (DOE) to support a $75.7 million Smart Grid project in New York State. The funds will be used for investments in grid technology that will enhance the reliability of the bulk electricity grid and provide the foundation for further development of smart grid infrastructure in New York State.

The project will involve the creation of a statewide Phasor Measurement Network and the installation of capacitor banks in various locations throughout the state which will enhance the NYISO’s ability to detect system vulnerabilities and avoid potential blackouts. Installation of capacitors will improve the control and coordination of voltage on the New York power grid. The NYISO estimates that the proposed capacitor project could save 48.7 gigawatt-hours of electricity annually, with a yearly savings of $9.7 million.

The NYISO submitted the application in cooperation with Central Hudson Gas and Electric Corporation, Consolidated Edison of New York, Long Island Power Authority, National Grid, New York State Electric and Gas, Rochester Gas and Electric, and New York Power Authority.

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