WAKEFIELD, Mass. & WALTHAM, Mass.--(BUSINESS WIRE)--
National Grid, one of the world’s largest transmission companies and an energy provider with deep roots in the Northeast, and Anbaric, an innovative, proven transmission project developer, today announced they are joining forces as Green Line Infrastructure Alliance.
The alliance reflects the companies’ shared vision to help transform New England’s energy landscape while driving a healthy regional local economy and environment. Together they will deliver a combination of two highly complementary sources of clean, abundant and affordable energy -- onshore wind and hydropower – to the region. The alliance will work to develop large-scale, high-voltage direct-current (HVDC) transmission projects that combine wind and hydropower to address regional energy issues that are critical to policymakers and energy consumers such as rising prices, declining fuel diversity and the need for more renewable energy.
“We’re thrilled that National Grid sees working with Anbaric as a way to help them meet the needs of the region’s energy consumers,” said Ed Krapels, the founder and head of Anbaric. “Our alliance is about more than renewable and clean energy; it’s also about achieving a more diverse and secure supply portfolio in a changing energy landscape.” Krapels continued, “We wanted to create the most efficient way to meet the clean energy mandates of New England states and did so through innovative thinking on how to bring wind energy and hydro together into the market.”
“We are committed to diversifying New England’s energy options and meeting renewable portfolio requirements as affordably as possible for New England consumers,” said Stan Blazewicz, vice president of Business Development at National Grid. “Anbaric’s track record as an innovative and efficient transmission developer will help us do that.” Blazewicz continued, “The New England states inevitably will have to address these issues, and we offer a very attractive, cost-effective regional option to do so. We look forward to working with the states and others to move the ball forward.”
Green Line Infrastructure Alliance initially will develop the Maine Green Line – a hybrid land-and-sea HVDC project that will initially transmit 1,000MW (expandable to 2,000MW) of wind from northern Maine, firmed up by imports of hydropower from eastern Canada, via a submarine cable to Massachusetts. Maine-based constructor Cianbro Development Corporation also will be part of this project.
In the coming weeks, the companies will begin meeting with key stakeholders to discuss their commitment to combined wind and hydropower as a way to meet regional energy needs and to develop more detailed project plans.
For more information, visit www.greenlineinfrastructurealliance.com.
About Anbaric: Anbaric, headquartered in Wakefield, Massachusetts, has a track record of leadership in developing competitively selected High Voltage Direct Current (HVDC) transmission projects in New York. Anbaric’s corporate mission is to develop innovative, large electric infrastructure projects. As a developer, Anbaric invests in projects that will have long life spans, the foremost being electric transmission assets. Anbaric is also developing a series of large microgrids, known too as distributed energy systems.
About National Grid: National Grid (LSE: NG; NYSE: NGG) is an electricity and gas company that connects consumers to energy sources through its networks. In Britain, National Grid runs the systems that deliver gas and electricity across the country. In the Northeast U.S., National Grid connects more than seven million gas and electric customers to vital energy sources.
National Grid has articulated a strategy called Connect21 to respond to rising customer expectations and opportunities for innovation in the U.S. It aims to transform our pre-digital 20th-century energy infrastructure to meet the needs of an increasingly robust and agile 21st-century digital economy with a range of data-driven, value-added services. Connect21 outlines the ways National Grid will make smart, significant investments in our networks to allow customers increased flexibility, speed, and choice.
For more information please visit our website: www.nationalgridus.com.
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