Anbaric’s corporate mission is to develop innovative, large electric infrastructure projects and to be good stewards of the portions of those projects we and our investor partners own directly. As a developer, Anbaric invests in projects that will have long lifespans, the foremost being electric transmission and distribution assets.  As a steward of our investors’ capital, we are interested in growing our portfolio of assets to provide steady, reliable returns for decades to come. We do not seek energy commodity exposure. Instead, we seek to develop and own interests in assets and companies that are platforms for the efficient trade of energy.

In addition to the HVDC projects it will develop as part of The Alliance, Anbaric leads development of the Poseidon Project, a 500 MW HVDC connection from central New Jersey to Long Island and has an ownership share in the West Point project, a 1000 MW project from Albany to Buchanan, NY. Anbaric also helped spearhead the development of two major operating projects: the 660 MW Neptune Regional Transmission System and the 660 MW Hudson Transmission Project. Both projects connect the PJM market to the greater New York metro area. Anbaric maintains an ownership interest in Neptune and Hudson.

Anbaric is also developing a series of large Microgrids, also known as distributed energy systems.

Anbaric’s project portfolio includes:

The Neptune Project is a HVDC undersea and underground power cable that links the PJM grid to New York and serves the Long Island Power Authority (LIPA) with 660MW of power – enough for 600,000 homes. The cable runs approximately 65 miles between Sayreville, New Jersey, and New Cassel (North Hempstead) on Long Island. It was developed, permitted, financed, constructed and is now operating the Neptune Regional Transmission System (Neptune RTS).

Neptune was completed in June 2007, on budget and ahead of schedule, by a consortium of Siemens Power Transmission & Distribution and Prysmian Cables and Systems under contract to Neptune RTS.  Since commencing operation, the system has exceeded expectations in terms of availability and the amount of power brought onto Long Island.  The project includes two converter stations, an undersea cable that extends approximately 50 miles underneath the Raritan River and the Atlantic Ocean, and a land-based underground cable that extends up the shoulder of the Wantagh Parkway on Long Island.

The Hudson Transmission Project is a 660 MW electric transmission link between New York City and the PJM Interconnection.  While its main purpose is to provide a new source of electric power for New York City customers of the New York Power Authority (NYPA), implementation of the Project will also include very significant upgrades and reinforcements to the transmission system in New Jersey.

The Hudson transmission line will be entirely underground and underwater, using back-to-back high-voltage direct current (HVDC) technology and an AC tie across the Hudson River.  The route begins in Ridgefield, New Jersey, the site of a new converter station, where it will interconnect with the PJM system at a PSE&G substation.  The line will follow existing railroad rights-of-way, through an inactive railroad tunnel to the edge of the Hudson River in Edgewater.  It will then be buried beneath the Hudson for approximately three miles to a landfall point near Pier 92 in Manhattan.  The final half-mile of cable will be routed beneath the West Side Highway and ultimately into the ConEd W. 49th Street Substation.

The Project began construction in May 2011 and was completed in June 2013. Outside of the main benefits of grid reliability and infrastructure reinforcement, Project construction will create 200 jobs, clean up a former industrial site, and also increase property tax revenues for the Borough of Ridgefield, New Jersey.

The Poseidon Project strengthens the reliability of the downstate New York power grid by bringing 500MW of low cost energy and capacity from the heart of PJM’s bulk power grid to the core of Long Island’s T&D network. It’s a compelling project for downstate reliability and ratepayers as well as local businesses and the environment.

This system-to-system link replaces energy that Long Island typically obtains from the Indian Point Energy Center. It anchors Long Island’s ratepayers to PJM’s lower cost, high-efficiency energy portfolio via an underground and underwater cable modeled after the Neptune Regional Transmission System. Poseidon’s proven HVDC technology and converter stations mirror Neptune’s 98% availability rating and offer downstate New Yorkers and Long Island ratepayers reliability unsurpassed by any other transmission or generation project now in the NYISO’s queue. The Poseidon Project also offers best-in-class environmental benefits, stimulating retirement of older, dirtier power plants on Long Island while producing no air or water emissions, minimal ground or visual impacts and accessing energy from PJM. Poseidon’s potent economic benefits – increased competition, annual savings of tens of millions of dollars to ratepayers, a unique hedge against commodity price risk – will ripple through the downstate region, helping stabilize rates and supporting business growth and job creation for decades to come. Finally, the state-of the art HVDC technology that Poseidon will employ will help southeastern New York’s grid become more resilient in face of extreme weather events.

Poseidon is uniquely capable of advancing New York State’s energy policy goals for Long Island, which include stabilizing electric rates to maintain economic competitiveness, reforming the Long Island Power Authority, creating resiliency that enhances storm preparedness and transitioning to a cleaner power generation fleet. Governor Cuomo has said, “Getting the cost of power down is essential for the economic competitiveness of Long Island.” Poseidon does just that. The project’s 500 MW of low-cost energy will save ratepayers more than $53 million annually, supporting business growth and securing a clean and reliable energy future for Long Island.

The Poseidon Project’s major impacts on downstate New York– strengthened reliability, stabilized rates, energy cost savings, job creation, and substantial environmental benefits – make this a valuable infrastructure investment for Long Islanders and all downstate New Yorkers now and long into the 21st Century

Anbaric is also developing a series of large Microgrids (also known as distributed energy systems). This exciting new area of activity is based on the explosive growth in the sophistication in technology that enables discrete energy “campuses” to be developed in a way that allows for central control and dispatch of both distributed generation sources and demand response and control resources.

Microgrids are smaller versions of an electricity grid, with electricity generation as well as usage controlled by a single user, configured to function in parallel with the large commercial grid, islanded from the grid, or in a combination of parallel or islanded modes.

Microgrids enable large public or private institutions – hospitals, water and sewer treatment plants, universities, economic centers, shelters, housing complexes – to obtain a secure supply of power or to restore it more quickly in the event of a blackout.  When the larger grid loses power, institutions with Microgrids can remain operational for weeks.  Microgrids also enable host institutions to manage their own electricity use and reduce costs and the larger grid to increase its efficiency and reduce its cost.

Microgrids benefit:

  • the host institution, with increased resiliency – secure power and/or the ability to restore power rapidly in case of an outage;
  • the grid, with increased efficiency and reduced operational and capital expenses; and
  • the public, with critical public safety, communications, health, water, transit, and economic infrastructure functioning during emergencies.

Sophisticated Microgrids of all sizes are now operational throughout the United States, deployed by different host institutions with varying energy, financial, and operational goals. Microgrids can provide what the public now seeks:  critical institutions and key components of infrastructure functioning even when power is lost to the larger grid.

 

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