01.18.17: Anbaric & National Grid Agree to National Grid Takeover of Vermont Green Line Project

ANBARIC AND NATIONAL GRID AGREE TO NATIONAL GRID TAKEOVER OF VERMONT GREEN LINE PROJECT

Project Development Will Continue as Planned

WAKEFIELD/WALTHAM, MA – January 17, 2017 – National Grid, Anbaric, and Citizens Energy, the co-developers of the Vermont Green Line, today announced the conversion of National Grid’s and Citizen’s development loans to an equity investment in the Vermont Green Line Project.

National Grid will assume primary responsibility for developing the project and Citizens Energy will continue to be an investor and assist in development. The development agreement among the three parties was structured to enable conversion of ownership to National Grid and Citizens Energy after completion of the initial stages of development. This move reflects the investors’ confidence in the project’s success.

Vermont Green Line (VGL) is a proposed 400 megawatt, high-voltage direct current (HVDC) electric transmission project designed to unlock and deliver reliable and affordable renewable energy to New England.

In March 2015, National Grid joined Anbaric in developing VGL as a reflection of the companies’ shared vision to help transform New England’s energy landscape while driving a healthy regional economy and environment.

In August 2016, Citizens Energy announced it would invest in the Vermont Green Line and use profits from its share of the line to help working families with their energy needs in Vermont.

Citizens Energy partners with utilities and developers across the country to develop new high-voltage transmission lines. Under its model, Citizens Energy’s projects — now including the Vermont Green Line — increase grid reliability, unlock access to large quantities of renewable energy and fund charitable programs for people living in the area, all at no additional cost to energy customers.

“We’re thrilled that National Grid has made this permanent equity investment in VGL as a way to help them meet the needs of the region’s energy consumers,” said Ed Krapels, the founder and head of Anbaric.

“We are committed to diversifying New England’s energy options and helping to meet state energy goals as affordably as possible for New England consumers,” said Will Hazelip, vice president of Business Development at National Grid. Hazelip continued, “VGL provides an efficient means to accomplish these objectives.”

The project has been approved by several of the communities where it would be located in Vermont and New York.  The developers have filed for project approval in New York and Vermont, and in December issued an open solicitation to purchase capacity on the line.

 

About Anbaric: Anbaric, headquartered in Wakefield, Massachusetts, has a track record of leadership in developing competitively selected High Voltage Direct Current (HVDC) transmission projects. 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.

About Citizens Energy Corporation: Citizens Energy Corporation, a Boston-based non-profit founded in 1979 by former Congressman Joseph P. Kennedy II, has a long history of using revenues from successful commercial energy ventures to finance charitable programs to help the poor. Starting in the oil and natural gas industries, Citizens also launched innovative businesses in the health care, electricity trading, and energy conservation fields. More recently, the company expanded into the solar, wind and transmission industries – in every case using profits from its ventures to help the poor wherever it operates.

 

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For Media Inquiries:

Kate Lagreca
Senior Account Executive
Northwind Strategies
55 Court Street, Suite 340
Boston, MA 02108
t: (617) 367-0300
e: kate@northwindstrategies.com

 

Statement from the “Wind and Hydro Response” Regarding the Outcome of the Clean Energy RFP

For Immediate Release
Media Contact: Kate Lagreca
kate@northwindstrategies.com

Wakefield, MA, October 26, 2016—The “Wind and Hydro Response” project team today issued the following statement on the outcome of the Clean Energy RFP:

“The results of the Clean Energy RFP were released this week and the ‘Wind and Hydro Response’ project was not retained. We continue to believe that the ‘Wind and Hydro Response’ offers an innovative, cost-effective clean energy solution that addresses New England’s energy challenges by integrating more renewables as a firm energy source, where wind’s intermittency is complemented by hydropower. New England needs more clean energy supplies and improved transmission infrastructure to unlock and deliver it. This RFP marked the beginning of New England’s competitive clean energy process, an approach we welcome because it will benefit energy customers across the region, help diversify our energy supply, and meet climate change goals. We look forward to continuing to work with stakeholders in the region to bring the Wind and Hydro Response to fruition.”

09.26.16: Boston Globe: Sustainable infrastructure after the Automobile Age

In an Opinion piece for the Boston Globe, Jeffrey D. Sachs, University Professor and Director of the Center for Sustainable Development at Columbia University, proposes long term planning to address the nation’s aging infrastructure.

“Each new wave of infrastructure underpinned a half-century of economic growth. Yet each wave of infrastructure also reached its inherent limits, in part by causing adverse side effects and in part by being overtaken by a new technological revolution. And so it will be with our generation. The Automobile Age has run its course; our job is to renew our infrastructure in line with new needs, especially climate safety, and new opportunities, especially ubiquitous online information and smart machines.”

Read More…

08.01.16: Statement of Developers of Proposed Vermont Green Line and Maine Green Line on MA Energy Legislation

Wakefield, MA, August 1, 2016—The developers of the proposed Vermont Green Line and Maine Green Line, Ed Krapels, CEO of Anbaric, and John Flynn, National Grid senior vice president of US Business Development, today issued the following statement on the energy bill:

“The passage of this bill marks a major milestone for the advancement of clean energy in Massachusetts, and we congratulate both the House and the Senate for their forward thinking. This legislation embraces competition as a means to accelerate the addition of significant renewable resources to the Bay State’s energy portfolio, thereby improving the environment and helping to meet policy goals in a way that is cost-effective for consumers. We also appreciate that our Massachusetts legislature recognizes the combination of onshore wind and hydropower as an efficient bridge to offshore wind development.”

Waltham Selectboard Supports ‘Green Line’ Transmission Project

Article originally appears in Vermont Business Magazine, 07.07.16

The Waltham, VT selectboard Tuesday night unanimously approved a resolution supporting the Vermont Green Line and allowing the project to be located along a specified route on Route 7 within the town. Project developers Anbaric Transmission and National Grid have proposed to construct the 60-mile cable project, which would bring 400 megawatts of onshore wind and hydropower from northern New York and Canada to New England. The project will originate in Beekmantown, New York; cross under Lake Champlain, and terminate in New Haven, VT. Both the land and lake portions of the project will be completely buried.

Read More

Meeting Held To Explain Proposed Transmission Project

Meeting Held To Explain Proposed Transmission Project

WAMC.com, 02/18/16

A proposed project to bring 400 megawatts of renewable energy to New England was explained to residents of the region where the power would be obtained last night.  The Vermont Green Line is the latest energy project that plans to run an electric transmission cable along the floor of Lake Champlain to bring renewable energy from northern New York and Canada to New England markets.

The high-voltage direct current line would begin at a converter station in Beekmantown near an existing wind farm. Six miles of underground cable would be run across the town to Lake Champlain.  The power cables would then be placed on the bottom of the lake for 40 miles.  The cables would come out of the lake in Vermont and again be placed underground for 13 miles to reach a converter station in New Haven where the power would be distributed to the New England power grid…(Read More)

New England States Team Up On Green Energy Needs

New England States Team Up On Green Energy Needs

Providence Journal, via Associated Press, 01.31.16

Massachusetts, Rhode Island and Connecticut have dozens of proposals to consider as they look for enough additional electricity for tens of thousands of homes to meet their clean energy goals.

All told, 51 proposals need to be vetted in coming months as the three states look to sign long-term contracts for electricity from wind turbines, dams and solar projects, said Matthew Beaton, secretary of the Massachusetts Executive Office of Energy and Environmental Affairs.

Read More

Press Release: Leading Wind Developer Joins Transmission Experts To Deliver Clean Energy For New England

Press Release: Leading Wind Developer Joins Transmission Experts To Deliver Clean Energy For New England

Experienced group submits plans today to CT, MA and RI

Released 01.28.16

WAKEFIELD/WALTHAM, MA – New England’s clean energy future received a big boost today as three experienced organizations filed a proposal to diversify the region’s energy supply, adding clean energy and reducing greenhouse gas emissions. The proposal, dubbed “The Wind and Hydro Response,” is designed to fit the request by Rhode Island, Connecticut, and Massachusetts for more clean energy to help fuel the region’s future growth.

Invenergy, the largest independent owner and operator of renewables, is a US-based company with significant industry leading experience building wind energy facilities. The company will deliver its renewable energy to the ISO New England bulk transmission system through the Vermont Green Line. Hydro-Québec, North America’s largest generator of hydropower, will supplement these deliveries to ensure that a firm block of clean, renewable energy is delivered around the clock.

The Vermont Green Line is being developed by Anbaric and National Grid, which joined forces in 2014 to develop transmission lines to bring renewable energy into New England. Their alliance created the Vermont Green Line, a proposed 60-mile, 400 megawatt electric transmission cable system designed to link Beekmantown, New York with New Haven, Vermont via a cable to be buried along public roadways and submerged beneath the waters of Lake Champlain.

Invenergy and its affiliated companies have developed more than 10,300 MW of projects that are in operation, in construction, or under contract, including wind, solar, and natural gas-fueled power generation projects and energy storage facilities both in the U.S. and abroad, and now proposes to build a new wind generation facility for this project— the Bull Run Energy Center. The company has developed and commissioned 64 wind farms across the United States and in Canada and Europe, totalling over 5,444 MW, and another 1,265 MW of wind projects is either under contract or under construction. This new wind project, located approximately 20 miles northwest of Plattsburgh, NY, could deliver up to 400 MW.

The wind energy would be supplemented with hydropower supplied over the existing transmission grid by Hydro-Québec. The company will supply “The Wind and Hydro Response” up to 400 MW of new, verified hydropower generated by its Québec hydropower stations.

The Vermont Green Line will deliver enough clean electricity to power 400,000 homes and is expected to save New England energy customers $500 million, according to a study released last fall.

“Invenergy works to solve the energy challenges that face our communities and we are proud to work with Hydro-Québec, Anbaric and National Grid on this exciting opportunity in New England,” said Invenergy’s Vice President of Development, Kevin Parzyck. “Combining wind generation with firming hydro will positively transform energy supply in the region.”

“Our collaborative effort advances New England’s transition to clean energy,” said Edward Krapels, CEO of Anbaric. “We believe that our combined track record of success will prove to be a clear differentiator as we submit our response to the Clean Energy Request for Proposals from Connecticut, Massachusetts and Rhode Island,” Krapels added.

“This project offers a multitude of wins for the region, the states that issued the RFP and the project host states,” said Stan Blazewicz, Vice President of Business Development at National Grid. “The region will benefit from the addition of a significant amount of new, clean energy; electricity customers will see lower prices, and the host communities will gain additional revenues and economic development opportunities.” He added, “We look forward to delivering these benefits and helping New England transition to a clean, secure energy future.”

About Invenergy:

Invenergy drives innovation in energy. Invenergy provides power generation and storage solutions at scale around the world to create a cleaner energy future. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas and Europe. Invenergy’s home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan and Europe.

Invenergy and its affiliated companies have developed more than 10,300 MW of projects that are in operation, in construction, or under contract, including wind, solar, and natural gas-fueled power generation projects and energy storage facilities. For more information, please visit www.invenergyllc.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. For more information, please visit www.anbaric.com.

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.

Wind-energy Transmission Line Proposed

Wind-energy Transmission Line Proposed

Press-Republican, 01.28.16

BEEKMANTOWN — A transmission line proposed from Beekmantown to New Haven, Vt., would be used to deliver electricity generated by a new wind farm proposed in northern Clinton County.

It also carries the promise of hundreds of jobs and other economic impacts.

Massachusetts-based Anbaric is working with National Grid to gain approval for the $600 million Vermont Green Line, an underground high-voltage direct-current line.

Read More

Leading Wind Developer Joins Transmission Experts in New England Power Scheme

renewableenergymagazine.com, 01.28.16

New England’s clean energy future received a big boost Thursday as three experienced organizations filed a proposal to diversify the region’s energy supply, adding clean energy and reducing greenhouse gas emissions.

The proposal, dubbed “The Wind and Hydro Response,” is designed to fit the request by Rhode Island, Connecticut, and Massachusetts for more clean energy to help fuel the region’s future growth.

Read More…