Green Innovations

Developing renewable and clean technology companies in New York

Friday, May 21, 2010

NYSIO executes agreement with U.S. DOE to deploy Smart Grid technologies in New York State

The New York Independent System Operator (NYISO) announced this past week that an agreement has been executed between the NYISO and the U.S. Department of Energy (DOE) through which the NYISO will receive $37.8 million from DOE to deploy smart grid technologies on New York’s power grid.

The federal funds, provided under the Smart Grid Investment Grant (SGIG) program, will support a $75.7 million  smart grid project to enhance the reliability and efficiency of the New York State power grid.

The NYISO also signed an agreement with all eight of New York’s transmission owners to work together to
implement the project. The transmission owners are Central Hudson Gas & Electric Corporation, Consolidated Edison of New York, Orange and Rockland, Long Island Power Authority, National Grid, New York State Electric & Gas, Rochester Gas and Electric and New York Power Authority.
The project involves the creation of a statewide Phasor Measurement Network and the installation of capacitor banks in various locations throughout the state. These investments will enhance the reliability and efficiency of the bulk electricity grid and provide the foundation for further development of smart grid infrastructure in New York State. The agreements call for the work to be completed over a 3-year period starting July 1, 2010.

“This is an important step in the effort to make New York’s electricity grid smarter and more efficient. It is the result of excellent cooperation and collaboration among federal and state officials and the owners and operator of New York’s high-voltage transmission system,” said Stephen G. Whitley, president and CEO of the NYISO. “With these investments on the way, New Yorkers will benefit from a more robust and reliable power system. This will create jobs for New Yorkers and ultimately help to make power more affordable and more reliable while paving the way for other advanced technologies to be deployed.”

The New York Independent System Operator (NYISO) is a not-for-profit corporation responsible for operating the state’s bulk electricity grid, administering New York’s competitive wholesale electricity markets, conducting comprehensive long-term planning for the state’s electric power system, and advancing the technological infrastructure of the electric system serving the Empire State.