Duke Energy is working alongside South Carolina Electric and Gas (SCE&G) and Clemson University (CU) to deliver new grid technologies to the industry. The world's most-advanced energy systems testing and research center supported by a $3.5 million gift from SCE&G and recently named the SCE&G Energy Innovation Center, marks the beginning of groundbreaking research, education and innovation at the Clemson University Restoration Institute (CURI) campus. Duke is contributing $5 million to help fund laboratory infrastructure and educational program development and fund a Smart Grid Technology Endowed Chair.
HVDC allows interconnection of regional systems that operate asynchronously, which mitigates many instability issues that otherwise would cause outages in AC transmission. Although AC transmission still dominates, concerns over the limited capability of classic HVDC transmission are beginning to dissipate.
The California Independent System Operator Corporation (ISO) has selected Pacific Gas and Electric Company (PG&E), MidAmerican Transmission, LLC (MidAmerican Transmission) and non-profit Citizens Energy Corporation (Citizens Energy) to develop, own and operate a new transmission line in the Central Valley.
The growth of the smart grid market in China is being driven by the installation of smart transmission and distribution equipment, according to London-based independent research firm TechNavio. In fact, smart T&D equipment will grow at a compound annual growth rate of 31.6 percent during from 2012-2016, the firm predicts.
Massive shifts in the fuels used to generate electricity are requiring major investments for electric transmission grid improvements, a recent study by PJM Interconnection reveals. In 2012, PJM, which plans improvements to the regional power grid, authorized more than 750 electric transmission improvement projects totaling more than $5 billion.
Public Service Electric and Gas Co. (PSE&G) is using helicopter construction to minimize environmental impacts on certain sensitive areas of its 500,000-volt Susquehanna-Roseland transmission line project where it is more practical to approach the job from the air.
The revenue of the global HVDC converter station market increased from $1.1 billion in 2006 to $8.3 billion in 2012, and GlobalData forecasts the market to grow even further-- reaching $89.6 billion between 2013 and 2020, with its cumulative capacity reaching 543.7 GW.
The tool, created by University of California, Riverside researchers, unifies existing measures that assess market power, or the ability of power generating companies to alter energy prices. It also incorporates smart grid concepts such as large-scale storage, renewable power generation and demand response. As a result, the tool can determine what happens to the market power potential for electricity generation firms if, for example, consumers participate in demand response or if more renewable generation capacity is added at different locations.
As long as reactive power provisioning is properly compensated, these utilities are leading a critical transformation where reactive power will be dynamically provisioned where it is needed most: close to loads. Given that inverters are already being deployed as part of every distributed generation and energy storage project, the widespread adoption of advanced inverter functionality significantly optimizes power quality, system reliability, and ratepayer economics.
The Susquehanna-Roseland power line is being built to maintain the reliability of the electric grid for millions of people in the Northeast. The independent regional power grid operator, PJM Interconnection, ordered the new line to prevent violations of national standards for the operation of the nation's electric power grid.