Entries by smartwiregrid

Sterlite Power strikes technology agreement with U.S. based Smart Wires to bring SmartValveTM to Indian utilities

Sterlite Power strikes technology agreement with U.S. based Smart Wires to bring SmartValveTM  to Indian utilities

  • Sterlite Power to offer Indian utilities modular power flow control solutions that make transmission grid efficient & flexible
  • Exclusive arrangement between Sterlite Power and Smart Wires to market the technology in India

New Delhi, Jan  2020:

Sterlite Power has inked an exclusive agreement with U.S. based Smart Wires to introduce a revolutionary technology to the Indian electric markets that will enable resourceful grid management. This cutting-edge technology is an intelligent ‘valve’, that will allow utilities to optimally utilise existing transmission capacity and enhance grid flexibility.

Speaking on the Technology Agreement, Pratik Agarwal, Group CEO, Sterlite Power Transmission Ltd. said “ Lack of land to build new lines, integration of renewable energy, rising Grid outages due to climate change, will be some of the biggest problems that power sector will face in the future. The only way to transcend these challenges is through the use of disruptive technology that can help capture more value from existing grid.”  

Power networks in India have been facing major transmission congestion challenges due to urbanisation and exponential growth in demand for power. Congestion is often seen in sub-transmission lines, where it is a challenge to connect renewable power. In this context, alleviating congestion and enhancing grid flexibility becomes critical.

Manish Agarwal, CEO, Solutions, Sterlite Power, said, “We are passionate proponents of disruptive technologies that can help our customers meet their energy delivery needs and address the coinciding challenges of time, space and capital. This technology will enable better power flow, grid stability and enhanced power transfer capacity in existing infrastructure, without the need for investment in new lines.”

Smart Wires CEO, Gregg Rotenberg, said, “Given the pace and scale of renewable energy growth in India, our solutions can provide immense value to the market. We are thrilled to work with Sterlite because we knew we needed a collaborator who understood the nuances of this market and who could match our passion to transform how electric grids are planned and operated.”

Smart Wires a world leader in modular power flow control, has successfully deployed this state-of-the-art technology globally, across the U.S., Europe and Australia. SmartValve increases power transfer capability by making better use of an existing network. As generation and demand changes, circuits can become unequally loaded. Some lines reach their maximum capacity while others are well below their limits. SmartValve technology can unlock this system capacity by more evenly balancing power flows and therefore provides a quicker-to-install and lower-impact alternative to building new lines. Smart Wires technology is quick to install and easy to scale or redeploy, providing valuable flexibility given today’s rapidly changing electric system. Based in California, with offices in Ireland and Australia and a global workforce, Smart Wires works with utilities around the world to address the unique challenges they face.

About Sterlite Power

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,315 circuit kms and 23,885 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE.

Smart Wires Raises $75 Million

This article accurately describes Smart Wires mission and purpose along with sharing some great news regarding growth equity financing. This funding will be used to provide growth capital as Smart Wires serves a rapidly expanding customer base – including multiple framework agreements and installations planned on four continents in 2020.  

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LoadShare Project wins IET Innovation Awards

LoadShare Project wins IET Innovation Awards Technology powers 45,000 homes with renewable energyLoadShare –a joint project between Smart Wires and UK Power Networks –has won the Power and Energy category, and received Highly Commended in the Sustainability and Environmental Impact category, at the prestigious Institution of Energy and Technology (IET) Awards in London.

The IET Innovation Awards recognize and celebrate the very best new innovations across science, engineering and technology, from around the world.

LoadShare uses Smart Wires’ state-of-the-art technology to increase the utilization of UK Power Networks’ existing lines –resolving a pinch point near the Essex/Suffolk border, and allowing more electricity generated from renewable sources to feed into the system –without building costly and disruptive new electrical cabling and substations.

This project has freed up 95MW of additional network capacity –enough to power 45,000 homes with renewable energy–and has saved UK Power Networks’ customers £8 million compared with traditional means of network upgrades.

SmartWires’ European Managing Director, Michael Walsh said: “Smart Wires is incredibly proud to have received recognition with UK Power Networks for this impactful project.”

“UK Power Networks was incredibly impressive to work with, and by pursuing projects like this, the company shows its commitment to its customers, the energy transition, and a greener, better future,” said Mr. Walsh.

Speaking about the importance of the LoadShare project to UK Power Networks and its future vision, the company’s Director of Asset Management, Barry Hatton said: “UK Power Networks’ vision for the future grid is to be a facilitator. We want to make sure that anyone who wants to connect low carbon technologies can do so.”

“UK Power Networks will achieve its vision through good people, good processes, good technology, and working with innovators to ensure any opportunity out there to make this happen is realized,” he said.

Mr. Walsh added: “Smart Wires’ power flow technology is a game-changer in the energy industry and is changing the way grid operators across the world think about integrating renewables. By enabling utilities to control where power flows on their networks, they can now integrate new generation more efficiently and at a lower cost and impact to consumers.The work UK Power Networks has done with LoadShare is a perfect example of the impact this technology can have.”

National Grid Electricity Transmission signs strategic deal with Smart Wires for power flow control technology to enable greater volumes of renewable power

National Grid Electricity Transmission (NGET) has awarded a five-year framework agreement to power flow control technology company, Smart Wires. This will help decarbonize the UK electricity grid by enabling greater volumes of renewable power to be efficiently transferred to customers. NGET will use modular power flow control technology to increase power transfer capability by making […]

Technology powers 45,000 Homes with Renewable Energy

An innovative device which has freed up 95MW of additional network capacity – enough to power 45,000 homes – has been successfully proven in the UK. The solution was developed by California-based power technology company, Smart Wires. In just a year, UK Power Networks’ LoadShare trial has already saved customers £8 million, and enabled enough […]

Smart Wires and Hunt Energy Solutions Announce Distribution Partnership in Latin America

Smart Wires and Hunt Energy Solutions are pleased to announce their formal partnership whereby Hunt Energy Solutions will serve as Smart Wires’ exclusive distribution partner in the Latin American areas of Mexico, Central America, the Caribbean, and Peru. Smart Wires sees key strategic reasons to partner with Hunt Energy Solutions to accelerate commercial adoption by […]

Revolutionary power technology showcased in Dublin as part of cross-European tour

Smart Wires® mobile unit technology was showcased in Dublin last week. This modular power flow control technology, which can significantly increase the amount of renewable energy that electricity grids can accommodate, heralds a new era in the use of renewable energy and the fight against climate change – allowing utilities to quickly connect renewables without needing to complete major grid reinforcements.

Smart Wires Wins Innovation in Technology Award from Irish Wind Energy Association

Revolutionary power flow control system will help fight climate change A revolutionary power flow control system which can significantly increase the amount of renewable energy that the electricity grids can accommodate, has won the Irish Wind Energy Association’s (IWEA) Innovation in Technology award. SmartValveTM, which was developed by pioneering power technology company, Smart Wires, helps […]