Wakefield, Massachusetts—Anbaric applauds the New England states’ announcement of applications to the Department of Energy (DOE) for funding needed to build transmission projects that will integrate offshore wind and access hydroelectricity.
“Innovative transmission solutions are needed to integrate offshore wind cost effectively and minimize environmental and community impacts,” said Clarke Bruno, CEO of Anbaric. “We commend the states on recognizing the importance of planned development of transmission infrastructure to scale renewable energy and achieve decarbonization goals,” Bruno continued.
States announced the Joint State Innovation Partnership for Offshore Wind was submitted on January 13th to the Grid Innovation Program, seeking up to $250 million from DOE for each independent transmission system to integrate offshore wind with the onshore grid.
Analysis shows that planning and procuring independent transmission will reduce costs and environmental impacts. Brattle Group’s 2021 analysis Offshore Wind Transmission: An Analysis of New England and New York Offshore Wind Integration found that planned transmission would avoid $1.1 billion in upgrades to the New England grid, and would reduce marine cabling by 50%. Additionally, analysis by the United Kingdom grid operator also found that competition across independent owners of offshore transmission reduced costs by 20% to 30%.
“Anbaric has been developing transmission projects for over a decade, with a focus on projects to integrate offshore wind,” said Peter Shattuck, New England President at Anbaric. “We look forward to supporting New England states through this effort to build innovative offshore and onshore transmission to meet the region’s renewable energy and reliability needs.”
About Anbaric Development Partners
Anbaric is a US-based company focused on planning and scaling renewable energy. Anbaric develops clean energy infrastructure to accelerate the deployment of renewable energy across North America, specializing in the design, development, financing, and construction of large-scale electric transmission and storage systems. For more information visit anbaric.com.