Power Flow Project Extension to Unlock Further 500 MW of Capacity on Electricity System

Power Flow Project Extension to Unlock Further 500 MW of Capacity on Electricity System

Oct 14, 2021

NGET owns the cables and substations that form the electricity transmission system in England and Wales and is using innovative new technology to make the most of its network, avoiding the need to build new infrastructure and contributing to the UK’s net zero ambitions.

More renewables connecting to the network, the phasing out of fossil fuel generation and electrification of transport are changing the way power flows across the UK. This means that circuits become unequally loaded, causing overloads of some circuits that limits the capacity of the entire network.

By using modular power flow control technology, NGET can remove bottlenecks and unlock unused capacity on the existing network. NGET has already installed 48 SmartValves across five circuits at three of its substations in the North of England, creating 1.5 GW of extra capacity; enough to power one million UK homes with renewable energy.

With the increasing volume of renewable generation seeking to connect to the network, NGET sees a pressing need for even more capacity in the area in 2022. By scaling up the initial SmartValve deployments near Harker and Penwortham, NGET can unlock extra capacity on the existing circuits, and ultimately transfer more renewable power to its customers in a timely and cost-effective way.

The modular nature of the technology means that new SmartValves can be easily added to the existing projects, and installed devices can be moved between sites depending on the capability required on each circuit at any point in time.

The deployment design is optimised for scaling up or down the project size, meaning that expanding the project is possible within the existing site footprint. This enables faster installation timeframes, minimizes additional site works and costs, and avoids disruption to local communities and the environment.

Zac Richardson, Director of New Infrastructure said: “At NGET we’re committed to finding new ways to make the most of our existing network, delivering a cleaner, fairer and more affordable energy system that serves everyone.”

“Our Smart Wires project is using new technology at substations in the North of England to unlock extra capacity, allowing greater volumes of renewable power to be efficiently transferred to customers.”

“By expanding the initial SmartValve projects in line with the evolving needs of our network, we’re looking at delivering a further 500 MW of capacity – enough to power more than 300,000 homes – enabling us to release extra capacity quickly and without the need for new, costly infrastructure projects.”

Michael Walsh, Chief Commercial Officer at Smart Wires, said: “We are delighted to collaborate with NGET and our project partner Omexom on this portfolio of projects which leverages the true flexibility, redeployability and scalability of our technology to help decarbonise the UK electricity grid.”

The expansion of projects will be completed in 2022.

About National Grid in the UK:

  • We own and operate the electricity transmission network in England and Wales, with day-to-day responsibility for balancing supply and demand. We also operate, but do not own, the Scottish networks. Our networks comprise approximately 7,200 kilometres (4,474 miles) of overhead line, 1,500 kilometres (932 miles) of underground cable and 342 substations.
  • We own and operate the gas National Transmission System in Great Britain, with day-to-day responsibility for balancing supply and demand. Our network comprises approximately 7,660 kilometres (4,760 miles) of high-pressure pipe and 618 above-ground installations.
  • As Great Britain’s System Operator (SO) we make sure gas and electricity is transported safely and efficiently from where it is produced to where it is consumed. From April 2019, Electricity System Operator (ESO) is a new standalone business within National Grid, legally separate from all other parts of the National Grid Group. This will provide the right environment to deliver a balanced and impartial ESO that can realise real benefits for consumers as we transition to a more decentralised, decarbonised electricity system.
  • Other UK activities mainly relate to businesses operating in competitive markets outside of our core regulated businesses; including interconnectors, gas metering activities and a liquefied natural gas (LNG) importation terminal – all of which are now part of National Grid Ventures. National Grid Property is responsible for the management, clean-up and disposal of surplus sites in the UK. Most of these are former gas works.

Find out more about the energy challenge and how National Grid is helping find solutions to some of the challenges we face at https://www.nationalgrid.com/group/news

National Grid undertakes no obligation to update any of the information contained in this release, which speaks only as at the date of this release, unless required by law or regulation.

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Smart Wires announces new CFO and expanded leadership team

Smart Wires announces new CFO and expanded leadership team

August 24, 2021

San Francisco, US: Global power technology company, Smart Wires is pleased to announce the appointment of Julie Andrews to the position of Chief Financial Officer, and further appointments to its Leadership team.

Smart Wires’ innovative technology is gaining huge traction across the world, enabling system operators to control power flows and maximize the grid’s capacity for renewables. To continue to support the strong momentum it is seeing across key markets, the company has significantly strengthened its senior leadership team over the last quarter.

Smart Wires has complemented its existing leadership capabilities through new appointments in the areas of Finance, Engineering, Manufacturing, Safety, and People. By adding to and diversifying its expertise and experience in these areas, the company is better positioned to support its growing global customer base.  

The expansion of the Senior Leadership Team follows significant growth and consolidation for the company, including the recently announced new global headquarters at North Carolina’s Research Triangle Park.

“I am delighted to welcome Julie, Shannon, Brian and Brad to the company, and congratulate Marie again on her promotion to the Chief Engineer role,” Smart Wires’ CEO Peter Wells said.

“The wealth of talent, experience and diverse perspectives these individuals bring will be extremely valuable to us as we continue to scale up our business and position Smart Wires for sustainable, rapid and profitable growth,” he said.

Julie Andrews was appointed as Chief Financial Officer to lead the company’s finance, accounting and investor relations function. Julie joins Smart Wires from Wright Medical Group N.V. where she spent eight years as Vice President Finance, Chief Accounting Officer and Senior Vice President Global Finance.

At Wright Medical, Julie successfully led the Finance function for the $1 B global business with oversight for all finance and accounting functions. Prior to joining Wright Medical, Julie spent nearly fifteen years at Medtronic in a variety of finance roles including the VP of Finance for the $3.5 B Spine and Biologics business. Her 20-year career has included leading and executing strategic initiatives including divestitures, mergers, acquisitions and business restructuring, developing high performing teams, and driving cultural transformation.

“Smart Wires is the leading power technology company in the clean tech sector,” Julie said. “I’m excited to join this exceptional global team, particularly at this crucial inflexion point for strong growth and momentum in the company’s journey. I look forward to further strengthening our market position and contributing to Smart Wires’ goal of accelerating the energy transition,” she said.

Brian Martin Snr takes on the newly created role of Senior Vice President, Health & Safety, with responsibility for the company’s overall safety program, facilities and field safety, and safety audits. Brian has had a successful 40-year career in the energy industry across onshore and offshore wind energy and oil & gas production and operations at companies including BP, BP Wind Energy and Apex Clean Energy. As a safety leader Brian is committed to developing a positive, sustainable safety culture driven by leadership, not just policies and procedures. 

“As a company we place a huge value on collaboration, seeking diverse perspectives and empowering all team members to make good decisions. This culture is key to our continued success and is reflected in everything we do as a company from recruiting to safely delivering projects,” Brian said.  

Marie Hayden was promoted to the new role of Chief Engineer, after joining Smart Wires in 2018 as Vice President, Business Development, and later, General Manager, Europe. Marie leads the engineering team in the design, development and support of Smart Wires products and solutions. After gaining extensive experience in all aspects of transmission system operation during a 25-year career at EirGrid, Marie understands the unique challenges that utilities across the world are facing.

On taking the Chief Engineer role, Marie said, “My goal is to enable the team to continue to develop safe, high-quality products, fostering an environment in which technical innovation can thrive and delivering world-leading solutions that support our customers’ needs. In this role, I also hope to inspire more women to choose engineering as a career and to embrace leadership roles in this industry.”

Brad Beard takes on the role of Senior Vice President, Manufacturing to oversee the production of Smart Wires’ unique modular power flow control devices. Brad has more than 20 years of experience in highly regulated plant and manufacturing operations with previous senior roles across the energy and healthcare sectors. Brad will leverage his hands-on experience using Six Sigma and Lean principles and techniques to drive employee engagement and achieve significant and sustainable improvements in quality, efficiency and cost performance across Smart Wires’ manufacturing activities.

Smart Wires’ Chief People Officer, Shannon Ross has spent more than a decade in Human Resources leadership roles within fast-paced, high-growth companies. She joins Smart Wires most recently from Peter Millar where she served as Vice President of Human Resources. Prior to her time at Peter Millar, Shannon spent nearly 10 years in the Life Sciences industry including time at Asensus Surgical, Biogen and GE Healthcare. Shannon manages the strategy and programs related to building, developing, and retaining an exceptional team of diverse professionals. Together with them, she is committed to cultivating Smart Wires’ unique culture that attracts and inspires the world’s most passionate talent.

The company plans to add a further 250 personnel to its US operations over the next five years. This is in addition to its current growing global workforce of more than 150 professionals spread across four continents – North America, Europe, Australia and South America.

About Smart Wires (www.smartwires.com)

Smart Wires is a global power technology company advancing the delivery of affordable, clean electricity around the world. With our innovative technology and advanced analytics, we maximize the grid’s capacity. This means more renewables, at a lower cost and with less disruption to communities and the environment. Headquartered in North Carolina, with European headquarters in Dublin, Ireland and a global workforce of 150 professionals spread across four continents, we collaborate with our customers to achieve their strategic objectives and help them face an uncertain energy future with flexible, high-impact solutions.

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Joanna Lohkamp and Sharon L. Cohen Appointed as Board Members by Smart Wires

Joanna Lohkamp and Sharon L. Cohen Appointed as Board Members by Smart Wires

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, CANADA, NEW ZEALAND, JAPAN, SINGAPORE, SOUTH KOREA OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE FURTHER REGISTRATION MEASURES. PLEASE SEE IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

August 17, 2021

Smart Wires Technology Ltd. (“Smart Wires”) has today appointed Joanna Lohkamp and Sharon L. Cohen to its Board of Directors. These new appointments fill the vacancies created following the planned resignation of former Board Members, Jay Schmelter and Steve Specker.

Smart Wires’ Board of Directors is structured with a three-year rotation plan. Annually, one third of the Board will resign and be replaced by candidates identified and recommended by the Company’s Nomination and Governance Committee.  The resignations and appointments announced in this release represent the first annual planned rotation, with the next rotation expected during the Company’s second year on the Nasdaq First North Growth market.

Joanna Lohkamp is a seasoned Board Director, qualified Financial Expert and NACD Board Leadership Fellow, with global operating experience across technology, manufacturing, and AEC (Architecture, Engineering and Construction) sectors. Joanna serves as Non-Executive Director and Audit Committee Chair of Woods Bagot Holdings Pty Ltd., a global architecture and design firm headquartered in Australia, and Director of NACD Northwest Chapter, a NACD chapter delivering world-class director education programs and networking events.

Joanna is also co-Founder and CEO of Better Boards Initiative, a nonprofit organization aimed at uncovering and leveraging the best practices of diverse boards. Her previous executive roles as CEO, President, Chief Financial Officer, and Chief Operating Officer span across high-growth Fortune 50, emerging and mid-market private companies.

Sharon L. Cohen is a results-oriented, resourceful business and legal professional, with extensive experience as a Board Member serving on Executive, Governance, Finance and Audit Committees in the nonprofit sector. Sharon is the Chair of a California-based foundation supporting education in a disadvantaged community, as well as a Director for the La Jolla Music Society, San Diego Volunteer Lawyers Program, and California Association of Women in Water, Energy and Environment.

Sharon is also Managing Attorney – Regulatory for San Diego Gas & Electric Company, a regulated public utility subsidiary of Sempra Energy, where she has held several legal, compliance and business leadership positions since joining the Sempra group of companies in 2000. Prior to joining Sempra, Sharon worked as a litigation attorney at Skadden Arps Slate Meagher & Flom LLP, an international law firm headquartered in New York.

“We welcome Joanna and Sharon to Smart Wires’ Board of Directors. These appointments significantly strengthen our regulatory, finance, accounting, growth, and strategy expertise, and complement the existing Board of Directors and Leadership team,” said Smart Wires’ CEO, Peter Wells.

“The strong business acumen, breadth of experience, and diverse perspectives that Joanna and Sharon bring to our Board will be extremely valuable at this exciting stage of our company’s journey,” he said.

CONTACTS

Peter G. Wells, CEO

E-mail: peter.wells@smartwires.com

Tel: +1 (510) 340-9797

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 83 00, www.penser.se.

This information is information that Smart Wires Technology Ltd is obliged to make public pursuant to the EU Market Abuse Regulation. The information in this press release has been made public through the agency of the responsible person set out above for publication at the time stated via the Company’s news distributor Cision at the publication of this press release.

ABOUT SMART WIRES TECHNOLOGY LTD.

Smart Wires conducts grid technology business that helps utilize, modernize, optimize and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. For more information, please visit www.smartwires.com.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States. 

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Smart Wires Announces New Headquarters on US East Coast

Smart Wires Announces New Headquarters on US East Coast

June 8, 2022

San Francisco, US: Global power technology company, Smart Wires, today announced a new corporate headquarters – moving from Union City, California, to Research Triangle Park, North Carolina. The move to the new North Carolina site strengthens Smart Wires’ US presence, positioning the Company to support strong momentum across its key growth markets.

The site will open in early 2022 with new R&D, Testing & Validation Laboratories, and Offices.

According to Smart Wires’ CEO, Peter Wells, the company intends to relocate certain US-based employees to North Carolina and add a further 250 personnel to its US operations over the next five years. Smart Wires already has a growing global workforce of more than 150 professionals spread across four continents – North America, Europe, Australia and South America.

“The decision to relocate follows significant company and market growth,” he said.

“With the rapidly increasing demand for grid enhancing technologies around the world, we’re at a critical inflection point in our journey. Choosing the right strategic location for our Headquarters is key to our future success as we continue to help electric utilities across the globe solve their biggest challenges and evolve their grids,” Peter said.

“Not only is North Carolina a strong hub for smart grid businesses, it also provides significant access to talent, R&D partnerships, manufacturing know-how, and exceptional infrastructure that is continuously growing and improving,” he said.

“This move provides the ideal support for rapid and sustained growth, and better positioning for our global customer base, and manufacturing and supply chain partnerships.

“We’re excited for this next major chapter in our company’s history, and are looking forward to being part of the vibrant and innovative business community of North Carolina,” Peter said.

“North Carolina’s transition to a clean energy economy enhances our reputation as a forward looking, attractive business location,” said North Carolina’s Governor Roy Cooper. “Smart Wires’ selection of the Research Triangle for its headquarters shows our state has the skilled workforce and public policies to support one of the most promising new industries of the 21st Century, and we welcome this innovative company to our state.”

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EirGrid Partners with Smart Wires on Groundbreaking Grid Project

EirGrid Partners with Smart Wires on Groundbreaking Grid Project

July 1, 2021

EirGrid is partnering with power technology firm Smart Wire Grid Europe (‘Smart Wires’), and the research and development consortium Electric Power Research Institute (EPRI) on a groundbreaking project aimed at boosting the flow of renewable energy on the electricity grid.

This project is being supported with a financial contribution from the Sustainable Energy Authority of Ireland (SEAI) under the SEAI National Energy Research, Development & Demonstration Funding Programme 2019. The project is led by Ireland-based Smart Wires Europe with collaborators EirGrid and EPRI.

This two-year project, with total budget of almost €300,000, aims to develop sophisticated software tools that will enable EirGrid to increase the wind and solar power that can be transported on the grid.

As operator of the national electricity grid, EirGrid has been tasked with increasing the average amount of renewable energy to 70% by 2030. It currently carries an average of just over 40%.

Mark Foley, EirGrid Chief Executive, said the project will optimize the use of the electricity network in real time, allowing more renewable energy to flow over existing lines. 

“By participating in this project, EirGrid is not only helping to future proof its network but contributing to the global energy transition by supporting the development of tools that can be rolled out to grid operators across the world.  We are delighted to partner with Smart Wires and EPRI on this important work.” he added.

The key objective of this project is to develop a world-first decision-support tool that helps manage the complexities of a grid with very high-penetration of renewable generation. In the near future, control room operators will be able to manage the grid by activating digital power flow controllers that are deployed on all key transmission lines and substations.

This project will develop a new advanced software tool that will help visualize and optimize the settings of the power flow control devices on the grid. By providing real-time decision support to control room operators, this type of visualization will help EirGrid and other system operators move towards smarter, and increasingly more automated grid operations.

"Power flow control technology will be crucial to countries meeting their climate action obligations. This project will be watched with interest globally and is another example of European technology leadership in the energy transition."

Peter Wells

Smart Wires CEO

The tool will optimize network power flows and provide more consistent, real-time control. This helps resolve constraints, enables a greater integration of renewable energy, and reduces the need for new infrastructure. It will be built such that it can be converted to other grid operation platforms, allowing easy adoption by transmission system operators across the world.

Under the project, – Smart Wires is developing the technology and tools, and EPRI is providing subject matter expertise. EirGrid will share relevant transmission system data and provide subject matter expertise.

Smart Wires’ CEO Peter Wells commented: “Power flow control technology will be crucial to countries meeting their climate action obligations. This project will be watched with interest globally and is another example of European technology leadership in the energy transition. We already see major global interest in this work as countries seek ways to unlock the full potential of their grids to enable the energy transition.”

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Innovative Mobile Technology Increases Renewable Energy Penetration in Southeastern Europe

Innovative Mobile Technology Increases Renewable Energy Penetration in Southeastern Europe

June 24, 2021

A groundbreaking new mobile power flow control solution which can significantly increase the amount of renewable energy electricity grids can accommodate and unlock cross-border electricity flows has been installed on the Bulgarian transmission system.

Installation of the technology was a joint project between the Bulgarian Transmission System Operator (TSO), Electricity System Operator (ESO), and global power technology company, Smart Wires, as part of FLEXITRANSTORE – a European Union Horizon 2020 consortium.

The mobile power flow control solution was installed in north-east Bulgaria, where 750 MW of wind generation is installed. This rapid deployment method houses state-of-the-art technology that allows TSOs to control power flows on their grid. Installation in Bulgaria took just 2.5 days.

Announcing the successful deployment, Dimitar Zarchev, ESO’s National Dispatching Center Director, said, “This project allows us to capture excess capacity on our grid to increase renewable penetration, reduce constraints and improve cross-border flows between Bulgaria and Romania. ESO is proud to be part of this important work, which is vitally important to the Southeastern European network.”

“Using innovative tools like this, we can greatly enhance the network’s capacity, flexibility and ultimately accelerate this region’s decarbonization efforts,” he said.

Dimitar continued, “the value of Smart Wires’ mobile technology is that it can be delivered in months, installed in hours and reused at multiple different locations. Power flow control is not new, but this innovative mobile deployment method provides the industry with an incredibly flexible and high-impact solution, which ultimately delivers a faster, lower cost and better way to plan and operate power systems.”

Mark Norton, Smart Wires’ Vice President of European Business Development, commented, “with this work, ESO has demonstrated their commitment to their customers, to the energy transition and to the type of leadership and innovation that the Horizon 2020 projects embody. Smart Wires has truly enjoyed the collaboration with the ESO team throughout the project.”

Mark added, “this project showcases true innovation – redeploying large scale grid infrastructure seamlessly from one grid to another to solve multiple problems. This equipment was first deployed in Greece in 2019 to reduce renewable congestion as a joint project with the Greek Independent Power Transmission Operator. ESO and IPTO have shown global leadership on this project which has caught the imagination of operators from all over Europe, the US, Australia and Latin America. We’re proud to partner with the Flexitranstore consortium to ensure these types of tools can be adopted across Europe.”

“This project allows us to capture excess capacity on our grid to increase renewable penetration, reduce constraints and improve cross-border flows between Bulgaria and Romania. ESO is proud to be part of this important work, which is vitally important to the Southeastern European network.”

Dimitar Zarchev

ESO’s National Dispatching Center Director

About FLEXITRANSTORE

FLEXITRANSTORE demonstrates a variety of novel smart grid technologies, control methods, energy storage and new market approaches which will be developed, installed, demonstrated, and tested introducing flexibility to the European power system. FLEXITRANSTORE will transform the European Power System through interventions that target the whole Energy Value Chain. FLEXITRANSTORE will develop a next generation Flexible Energy Grid (FEG).  The project takes both a national and a regional approach, acknowledging the need to seamlessly integrate national markets, particularly in the Southeastern European network, which still lacks the high interconnectivity that the rest of the European network has.

This project has received funding from the European Union’s Horizon 2020 research and innovation program under grant agreement No 774407

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New Legislation Facilitates Renewable Development via GETs

New Legislation Facilitates Renewable Development via GETs

June 23, 2021

Representative Kathy Castor, Chair of the House Select Committee on the Climate Crisis, has introduced the Efficient Grid Interconnection Act of 2021. This bill integrates Grid Enhancing Technologies (GETs) into the process that System Operators and Transmission Owners undertake when an interconnection customer, such as a renewable generator or energy storage provide, requests connection to the grid.

The legislation is a timely response to the steady increase that renewable developers have seen to connection wait times and costs over the past decade. GETs have been shown to double the amount of renewables that can connect to the grid compared to traditional approaches to infrastructure upgrades. 

The bill requires System Operators to study the efficacy of deploying GETs either in addition to or in substitution of traditional transmission upgrades or additions and enables the interconnection customer to request GETs be deployed, although the ultimate decision on deployment rests with the Transmission Owner.

"This legislation would ensure that fast, low-cost solutions like Smart Wires and other GETs are considered as grid operators seek to resolve the system constraints created when new generators connect,”

Peter Wells

Smart Wires CEO

“Coming from the wind industry, I understand the pain that renewable developers feel as they wait years and pay upwards of hundreds of millions of dollars to interconnect to the grid. This legislation would ensure that fast, low-cost solutions like Smart Wires and other GETs are considered as grid operators seek to resolve the system constraints created when new generators connect,” commented Peter Wells, Smart Wires CEO.

Mark Freyman, Smart Wires General Manager of the Americas, said, “This legislation would complement efforts already underway at the Federal Energy Regulatory Commission (FERC) to increase alignment as Transmission Owners contemplate implementing these flexible and efficient technologies. It’s very encouraging to see multiple branches of the US Federal Government coming together to tackle various challenges associated with achieving President Biden’s goal of a 50% reduction in greenhouse gas emissions by 2030.” 

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Empresas Públicas de Medellín (EPM) Announces Successful Effort Leveraging Modular FACTS

Empresas Públicas de Medellín (EPM) Announces Successful Effort Leveraging Modular FACTS

March 10, 2021

  • Empresas Públicas de Medellín (EPM) sought to gain experience with this technology, which has broad economic and environmental benefits.
  • This technology plays an important role in the energy transformation by facilitating the connection of renewable generation.
  • With this work, EPM distinguishes itself as a leader in Latin America.

EPM innovates to serve their customers by investing in solutions that improve quality of life throughout their service territory. To fulfil this purpose, EPM announces its successful application of Modular FACTS (Flexible Alternating Current Transmission Systems). This places EPM at the forefront of the electricity sector in Latin America, as a pioneer in the adoption of this technology.

Modular FACTS manage the power flow on the grid as if it were the flow of water in a pipe. By moving power from heavily loaded lines to others with spare capacity, this technology optimizes the existing infrastructure. Global power technology company, Smart Wires, provides a Modular FACTS solution called SmartValveTM.

“SmartValve was recognized in 2020 by the World Economic Forum within the Critical Infrastructure category as one of the top three technologies playing a fundamental role in the energy transition of the last decade. SmartValve facilitates renewable generation connections by optimizing infrastructure and therefore received this acknowledgement due to the environmental and social benefits it provides,” said Mónica Ruiz Arbeláez, CEO of EPM.

EPM has been following Modular FACTS since 2005. In 2017, when the technology was broadly commercialized, EPM initiated efforts to explore the possibility of using SmartValve on its system within the Aburrá Valley Expansion Plan. This announcement marks the successful energization of SmartValves on EPM’s grid.

“We congratulate EPM for their vision and commitment to leverage innovation to benefit Medellin ratepayers and the broader Colombian electric sector,” reflected Peter Wells, Smart Wires CEO. “The EPM team has been, and continues to be, one of the best we have worked with around the world – both in terms of their technical capability and also with respect to their spirit of partnership to accomplish a common goal. EPM should be incredibly proud of their leadership in Colombia and more broadly in Latin America – leveraging innovation to eliminate congestion, help connect lower cost generation, and cost-effectively increase reliability, bringing incredibly value to Colombian ratepayers.”

Among the advantages of Modular FACTS are:

  1. By providing real-time flexibility and control, this technology improves system reliability and lowers operational costs.
  2. It limits the impact of infrastructure on urban areas and natural environments by deferring or avoiding the construction of new power transmission lines or the repowering of existing lines.
  3. It enables the connection of new renewable energy resources, ensuring the power they generate can reach electricity markets and demand centers.
  4. By optimizing existing infrastructure, this technology ensures EPM efficiently deploys capital and enables them to keep costs low for Colombian consumers.

The project results will be socialized with companies throughout the Colombian electricity sector including the Regulating Commission of Energy and Gas (CREG according to the initials in Spanish), the regulator, and the Ministry of Energy and Mines, the governmental entities in charge of planning the expansion and operation of the National Interconnected System (SIN). “Modular FACTS will allow us to technologically drive the development of the electricity sector in our country, and the successful results of this project will enable its use in Latin America,” said Mónica Ruiz Arbeláez, CEO of EPM.

Unlike traditional FACTS – which occupy large spaces in substations, require custom designs and are not easily relocatable – SmartValves offer a modular approach to investment. This means deployments can be scaled alongside changing system needs. SmartValves offer flexible installation footprints, saving valuable substation space, and can even be located on transmission towers or on mobile units. Since they are voltage-agnostic, SmartValves can easily be moved from their initial location as system needs evolve.

"Modular FACTS will allow us to technologically drive the development of the electricity sector in our country, and the successful results of this project will enable its use in Latin America,"

Mónica Ruiz Arbeláez

CEO of EPM

With this project, EPM cements its position as a leader and a pioneer in Latin America. By using innovative technologies that benefit their customers and the broader electricity sector, EPM is improving the quality of life for people throughout their service territory and making a positive impact on the global energy transition.

About EPM

EPM Group is a multi-Latin group with presence in six countries: Colombia, Chile, El Salvador, Guatemala, Mexico and Panama. The Organization, which serves more than 20 million people, provides water supply services, wastewater management, generation, distribution, commercialization and transmission of energy, natural gas commercialization, seawater purification and solid waste management.

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