Smart Wires Inc.

Smart Wires receives order for a second largescale project with ISA Transelca in Colombia

May 26, 2022

Smart Wires announced it has received a purchase order from ISA Transelca for a grid expansion project in the Atlantico region in Colombia. The project will enable an additional 300 MW of renewables to reliably connect to the grid by June 2024.

This project will consist of Smart Wires’ technology — SmartValveTM — installations on five 220 kV circuits across ISA Transelca’s network. This project signifies Smart Wires’ second largescale project with ISA – the first will be installed later this year and includes applications of SmartValve on two circuits in Colombia’s Guajira-Cesar-Magdalena region.

“We are excited to move forward with the ISA projects and enhance our growth in Latin America,” said Smart Wires CEO Peter Wells. “We are proud to continue to support economic development, as well as to facilitate the delivery of renewable energy, in Colombia.”

“ISA Group is an industry leader in Latin America, and we look forward to our continued collaboration,” said Smart Wires Senior Vice President – Americas Jessica Joyce. “This latest project demonstrates ISA’s commitment to deliver reliable, affordable electricity to its customers, to maximize the use of its grid and to support the rapid growth of renewable energy in the region.”

Smart Wires installed an initial pilot project in Colombia with Empresas Públicas de Medellín (EPM) in 2021 to gain experience with the technology. This was followed by a large project with Grupo Energía Bogotá (GEB) which was delivered earlier this year, unlocking more than 250 MW of network capacity on the existing grid.

The use of FACTS devices (such as SmartValve) is incentivized in Colombia’s 2020-2034 Transmission Expansion Plan, published by the national planning agency (Unidad de Planeacion Minero Energetica, UPME). The national plan includes multiple FACTS projects over the coming years because this technology can affordably strengthen and optimize the use of the existing grid.

The Smart Wires Technology Ltd. regulatory release is available here.

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