News & Insight
01.18.17: Anbaric & National Grid Agree to National Grid Takeover of Vermont Green Line Project
National Grid, Anbaric, and Citizens Energy, the co-developers of the Vermont Green Line, today announced the conversion of National Grid’s and Citizen’s development loans to an equity investment in the Vermont Green Line Project.
National Grid will assume primary responsibility for developing the project and Citizens Energy will continue to be an investor and assist in development. The development agreement among the three parties was structured to enable conversion of ownership to National Grid and Citizens Energy after completion of the initial stages of development. This move reflects the investors’ confidence in the project’s success. (Read More)
10.26.16: Statement from the “Wind and Hydro Response” Regarding the Outcome of the Clean Energy RFP
The “Wind and Hydro Response” project team today issued the following statement on the outcome of the Clean Energy RFP. The results of the Clean Energy RFP were released this week and the ‘Wind and Hydro Response’ project was not retained. We continue to believe that the ‘Wind and Hydro Response’ offers an innovative, cost-effective clean energy solution that addresses New England’s energy challenges by integrating more renewables as a firm energy source, where wind’s intermittency is complemented by hydropower. New England needs more clean energy supplies and improved transmission infrastructure to unlock and deliver it. This RFP marked the beginning of New England’s competitive clean energy process, an approach we welcome because it will benefit energy customers across the region, help diversify our energy supply, and meet climate change goals. We look forward to continuing to work with stakeholders in the region to bring the Wind and Hydro Response to fruition. (Read More)
10.24.16: Company proposing big infusion of wind, solar energy for LI
“The proposed green-energy project, called Clean Energy Link, would consist of 22,000 acres of wind and solar energy in Ohio, more than 15,000 acres of wind energy in West Virginia, an 18,000-acre wind farm in Pennsylvania, and a 400-acre solar farm in North Carolina. The maximum capacity of the sources would be 701 megawatts, but Invenergy would guarantee 500 megawatts to LIPA through an undersea cable.
That cable would be the Poseidon project that had previously been proposed for LIPA. A representative for cable-developer Anbaric Transmission confirmed the move, and noted the cable would be “repurposed” for clean energy.” Read More
10.05.16: States Are Where Clean Energy Action Is
“Among ardent environmentalists, it’s normal to see a Trump presidency as doomsday for the climate. But it’s useful to remember that even a second Clinton presidency is unlikely to have a Democratic House and Senate, so the chances of an effective federal climate policy remain largely in the hands of the courts. The fate of President Obama’s Clean Power Plan, now under review at the Court of Appeals for the District of Columbia Circuit, is uncertain.
While policy paralysis is the norm in Washington, the real action on clean energy initiatives is happening in the states, driven by a combination of environmental vision and new technology. For those in the power business, there are indications that more and more power companies – regulated as well as unregulated – increasingly are looking at what the Clean Power Plan represents as an opportunity, and a challenge, rather than as a problem…(Read More)”
09.26.16: Sustainable infrastructure after the Automobile Age
In an Opinion piece for the Boston Globe, Jeffrey D. Sachs, University Professor and Director of the Center for Sustainable Development at Columbia University, proposes long term planning to address the nation’s aging infrastructure.
“Each new wave of infrastructure underpinned a half-century of economic growth. Yet each wave of infrastructure also reached its inherent limits, in part by causing adverse side effects and in part by being overtaken by a new technological revolution. And so it will be with our generation. The Automobile Age has run its course; our job is to renew our infrastructure in line with new needs, especially climate safety, and new opportunities, especially ubiquitous online information and smart machines.”
08.31.16: New York as a clean energy hub
Article appears in Electricity Journal, 08.31.16
New York Gov. Andrew Cuomo has launched a “50 by 30” energy program to commit the state to obtain 50% of its electricity from renewable resources by 2030. The fate of aging nuclear power plants determines how difﬁcult and costly this project will be. A host of renewable alternatives are waiting in the wings, as is a new policy approach to distributed energy. The outcome depends on infrastructure decisions made in the coming ﬁve years. (Read More)
08.29.16: Reframe your time frame
Article originally appears in Pensions & Investments, 08.29.16
By Ed Krapels | August 29, 2016 12:01 am
It’s a dismal time for fixed-income investors. Negative yields are rampant. German 10-year yields recently fell below zero for the first time ever and Japanese 10-year yields have dipped to record lows. All told, more than $10 trillion in government debt has negative yields today. Some pundits believe that U.S. yields might not be far behind. The U.K. vote to leave the European Union has only made this picture more complex.
What is an institutional investor — who must find a way to make good on long-term promises in what looks like a very low-yield environment for the foreseeable future — to do?
The answer comes from some of the most successful institutional investors: It is time to “reframe their time frame.” This means that instead of thinking about short-term yield, institutional investors should think about time. Investors should ask themselves: If you need to allocate some funds to the 40-year bucket, what should those assets be? Once the question is reframed that way, the answers can begin to look quite a bit different.
08.25.16: Vermont Green Line and Citizens Energy Announce Partnership
The Vermont Green Line today announced a new partnership with Citizens Energy Corporation to assist low-income Vermont residents with their energy needs.
By becoming an owner in the Vermont Green Line alongside National Grid, Citizens Energy will finance its share of the line and use its profits, in concert with the project partners, to help working families and others in need in Vermont.
Citizens Energy partners with utilities and experienced developers across the country to develop new high-voltage transmission lines. Under its unique model, Citizens Energy’s projects —now including the Vermont Green Line—increase grid reliability, unlock access to large quantities of renewable energy, and fund charitable programs for people living in the area, all at no additional cost to ratepayers…(Read More)
08.15.16: New York’s ‘50 By 30’: A Model For The Rest Of America
As Hillary Clinton and Donald Trump roll out their very different energy policy platforms — with Clinton promoting production of renewable energy and Trump of traditional energy — it’s useful to look at activities at the state level. Because President Obama’s Clean Power Plan is making its way through the courts, there is virtually no federal energy policy, which means the 50 states of America are providing 50 pilot programs showing how different potential new federal energy policies could be implemented.
Among the progressive states, New York is worth watching. Governor Andrew Cuomo has advanced a “50 by 30” (50 percent of electric energy must come from renewables by the year 2030) climate and energy policy. Due to its rich existing endowment of energy resources, New York has the luxury to choose from contending forms of renewable and zero or low carbon energy resources. In 2015, 45 percent of New York’s electricity came from oil, gas, and coal. That means 55 percent of electric power already comes from low or zero-carbon emitting resources. Here is the breakdown of that 55 percent. (Read More)
08.09.16: The Real Ambition of the Microgrid
The topic of microgrids has been punching above its weight for a while now. The sheer number of articles, conferences and studies on microgrids is overwhelming, but their deployment is still limited to a handful of campuses around the nation. If they’re such a niche application, what’s behind the hype on microgrids?
08.08.16: Interview: “Is Grid Defection as Real as the Boogieman?” with Dirk van Ouwerkerk
“The most cost effective trade is actually done by the grid. If you create bottlenecks or restrict access to that trading platform or market, then you won’t have as efficient a market—and that doesn’t benefit anyone. It’s our supposition that the grid in itself is a very good trade mechanism—including for renewables. And because of that, integrating and connecting new technology, including storage, and expanding the existing trading platform through current and future transmission lines to neighboring markets will only make it more efficient and cost-effective for the end user…” Read More
08.01.16: Approval of New York’s Clean Energy Standard Demonstrates New York’s Commitment to Clean Energy
WAKEFIELD, MA, Aug. 1, 2016 – Ed Krapels, CEO and founder of Anbaric, an electricity infrastructure development company focused on upgrading and enhancing the U.S. power grid, provides this statement:
“The New York State Public Service Commission’s approval of New York’s Clean Energy Standard marks another major milestone for the advancement of clean energy in New York, and we congratulate both the Commission and Governor Andrew Cuomo for their forward thinking. The CES embraces a diversity of approaches to accelerate the addition of significant renewable resources to the Empire State’s energy portfolio, thereby improving the environment and helping to meet policy goals in a way that is cost-effective for consumers. Development of clean energy, along with the infrastructure needed to bring it to market, will make New York the hub of innovation of the cleantech sector providing thousands of jobs and billions of dollars of infrastructure investment.”
06.30.16: Anbaric Statement on Senate Energy Resolution
Wakefield, MA, June 30, 2016—Ed Krapels, CEO of Anbaric, today issued the following statement on the Senate energy legislation:
“The passage of this bill marks a big step forward for clean energy in Massachusetts, and we congratulate the Senate for its forward thinking. This legislation promotes clean energy that is competitively priced, contributes to our climate change goals, and fuels growth. The Senate recognizes that combining onshore wind and hydropower is an efficient bridge to offshore development. We are hopeful that the House and Senate will work together to ensure that this language is part of what reaches the Governor’s desk.”
06.24.16: Long-Term Energy Contracts Make Sense
The headline of a recent CommonWealth magazine storystates, “Clean power will cost more.” Although presented as simple fact, the headline actually begs a more complicated question: “More than what?” The story endorses the notion that ratepayers are more exposed to higher costs through long-term contracts rather than short-term energy transactions. But given the volatility of the energy markets and the manifest destiny of clean power, long-term contracts likely will end up being a good bargain… Read More
06.06.16: A More Perfect Union
In the middle of the most divisive electoral campaign in decades, there’s one cause that most thoughtful people can get behind: fighting climate change by ushering in a new era where renewable energy is the norm. The Obama Administration’s intentions on this issue are clear: the Environmental Protection Agency’s proposed Clean Power Plan is already driving states and industry to evaluate how to comply.
It’s also clear that both Hillary Clinton and Bernie Sanders would maintain if not accelerate this change to a clean power system. While it’s not as clear what Donald Trump would do, key energy stakeholders nevertheless accept that a sweeping program of investment to combat climate change is upon us. This is where the opportunity lies, because renewable energy can serve as a bridge that both sides of the aisle should be able to support thanks to the significant carbon reduction and economic benefits it provides. What we have to figure out is how...Read More
03.30.16: The Anbaric Transmission Microgrid Strategy
Along with boosting the overall reliability of electricity distribution, smart microgrid deployment from companies like Anbaric Transmission is today proving to be an important smart step in offering solutions for the distribution of renewable energy...Read More
03.28.16: How Microgrids Can Best Unlock the Potential of Renewables: An Interview with Dirk van Ouwerkerk of Anbaric:
to thrive, localized microgrids and any distributed — or onsite — energy resources (DERs) that they support must provide value to the established energy infrastructure as well as to its local customers. They also must come down in price, says Dirk van Ouwerkerk, the partner for microgrids at Anbaric Transmission. Read More
03.19.16: To Thrive, Microgrids Must Help the Macrogrid:
Anbaric is a project development company located near Boston, MA that specializes in early stage development of large-scale electric transmission systems (especially controllable DC lines) and small, medium and large scale microgrid projects. The confluence of transmission and microgrid projects is no accident. The difficulties in permitting, development, financing and construction with regard to transmission projects has encouraged the company to develop a deep appreciation for “non-transmission alternatives” (NTAs), as well as an understanding of where transmission should or should not be developed, or where microgrids might be more effective. (Read More)
03.10.16: Poseidon Project announces Notice of Open Solicitation:
Poseidon Transmission 1, LLC (the “Company”), seeks generation suppliers wishing to offer energy and capacity to PSEG-Long Island LLC via the Poseidon Transmission Project, a 79 mile high voltage, direct current transmission link between PJM and Zone K in the NYISO. Read More
02.23.16: Pensions seen backing more renewable infrastructure
bloomberg.com, Sustainable Finance
Pension funds “want to look at infrastructure directly as a way to deploy their capital,” said Ed Krapels, chief executive of Anbaric Transmission, an energy infrastructure developer that works on smart-grid and renewable projects. An agreement this week by 17 U.S. governors to incorporate wind and solar into the grid may give that a push. (Read More…)
01.13.16: Unpacking the CalPERS decision
Infrastructure Investor’s “Week in Review” of 17 December 2015 had a merry headline: “Infra managers’ ongoing existential crisis.”
The feature explores decisions by the California Public Employees’ Retirement System (CalPERS) and others to invest in infrastructure using separate accounts as the preferred way of investing in this asset class. It concludes with the observation that two of the largest infrastructure funds (Global Infrastructure Partners and Brookfield Asset Management) will book $27 billion for their new funds in 2016.
Hence the conundrum for many institutional investors: they want to increase allocations to this asset class, but the vast majority of the opportunities to do so come as invitations to be limited partners (LPs) in the same old fund structures. The problem with those structures, CalPERS and others have found, is difficulty in tracking (and therefore justifying) the amount paid to fund managers…(Read More)
11.24.15: Long-Awaited Transmission Request Boosts Regional Energy
MONTPELIER, Vt. (AP) — Companies designing projects to bring clean electricity to southern New England say they’re grateful Massachusetts, Connecticut and Rhode Island have finally made a request for proposals to carry that power to the region.
But meeting the region’s longer-term goal of expanding the use of renewable electricity from wind, solar and hydro-electricity will require more transmission capacity than the states requested, said Edward Krapels, the CEO of Anbaric Transmission, which is proposing one project in Maine and another Vermont….(Read More)
10.27.15: The future of energy
WITH ENTERGY’S recent decision to close the Pilgrim nuclear power plant in Plymouth, New England has an opportunity to increase the supply of clean energy to the region. The Pilgrim closure is part of an array of market and environmental pressures that are shutting down the oil, coal, and nuclear plants that have sustained the region for years.
Left to the market, this zero-carbon resource will be replaced by a natural gas-fired power plant – a big step backward in the state and region’s hopes to reduce carbon emissions. Fortunately, the Baker administration has introduced an energy bill that would allow Massachusetts to participate in a big regional effort to build clean energy infrastructure that will efficiently bring substantial wind and hydro resources to consumers at reasonable prices.
09.29.15: Anbaric’s Ed Krapels Testifies Before MA Joint Committee of Telecommunications, Utilities, and Energy
My name is Ed Krapels and I am the President of Anbaric, a developer of large scale transmission projects as well as small, medium and large scale micro-grid projects. Anbaric has developed two large scale transmission projects in New York, projects that were completed on time and on budget that are currently saving New York ratepayers money.
I am here today to raise the issue of transmission and the critical role it will need to play if we are to reliably meet our clean energy goals and diversify our energy portfolio in an economic and efficient manner…(Read More)
Clean Energy Transmission for New England
As ISO New England meets today to review our region’s energy needs, last winter might seem a distant memory. But for the agency responsible for literally keeping our lights on—and our iPhones charged and machine shops humming—it is a key moment.
Despite the record-setting snowfall in 2015, the National Oceanic and Atmospheric Administration (NOAA) reported that “2014 was the warmest year across global land and ocean surfaces since records began in 1880…Including 2014, nine of the 10 warmest years in the 135-year period of record have occurred in the 21st century….(Read More)
The Case for HVDC
While the rest of the world is moving ahead with extensive transmission builds employing high-voltage direct-current (HVDC) technology, the U.S. lags in using this technology to strengthen the electric grid. This is especially true of the Eastern Interconnection, where HVDC transmission is still uncommon…Read More
It’s time for a clean energy two-fer
MASSACHUSETTS ELECTRICITY COSTS were well above the national average in 2014 for households and businesses, according to federal data. After paying $3 billion in excess electric costs in the winter of 2013-14 and another billion in 2014-15, it’s time for our region to make the tough decisions. That’s why it was good to see the New England Governors meeting in Hartford, CT, two weeks ago talking energy…(Read More)
Statement from Green Line Infrastructure Alliance In Reaction to Legislative Hearing on State of Energy
“Today’s hearing on the state of energy in the region is a starting gun for the weeks ahead when some key decisions will be made on our energy future.
New England’s Energy Brokers Must Look Beyond Natural Gas
“Snow wasn’t the only thing piling up this winter: Massachusetts ratepayers also saw a bump in their electricity bills as New England’s aging infrastructure struggled to keep up with demand. The rate increase wasn’t a surprise. But the reasons why the prices rose — and the reasons why they are expected to rise again in the coming years — offer important lessons to lawmakers and regulators about how to ensure reliability and protect Massachusetts residents from future price hikes…”
Grid: Infrastructure developer Anbaric steps into world of microgrids, pushes high-voltage DC lines in U.S.
“How are microgrids helping to shape the future of the electric power sector? During today’s OnPoint, Ed Krapels, founder and CEO of Anbaric, an energy infrastructure developer, discusses his company’s recent partnership with Exelon on a series of microgrids in New York state. He also discusses the transmission and infrastructure challenges that exist with U.S. EPA’s Clean Power Plan.”
Grid: An ‘extension cord’ remedy for coal plant retirements
Anbaric and National Grid are partnering to propose one of three HVDC proposals that are expected to compete for an anticipated power supply contract from the New England States Committee on Electricity to supply energy from northern Maine to Massachusetts…(Read More)
Statement on Attorney General Maura Healey’s comments at the NECA Renewable Energy Conference.
“We welcome Attorney General Healey’s support of a regional, competitive procurement for efficient and diverse energy resources. We appreciate her focus on the need for transmission projects to bring clean energy to our region if we are to reach our green house gas reduction goals…”(Read More)
Anbaric CEO: Poseidon Project at end of interconnection process with PJM, NYISO
Poseidon Project is at the end of the interconnection process with PJM Interconnection and the New York ISO (NYISO), Edward Krapels, CEO and founder of Anbaric Transmission, told TransmissionHub on March 4…
Anbaric and Exelon Try New Model for Microgrids in New York
Building the business model for independently developed microgrids that bolster the grid—and pay the bills
Statement on New RFP For Clean Energy Resources in Southern New England
Green Line Infrastructure Alliance statement in reaction to the Baker-Polito Administration’s announcement of a coordinated RFP for clean energy resources with Rhode Island and Connecticut.
Exelon partners with Anbaric to create series of microgrids in New York
Exelon Corporation, a distributor of electricity and gas, has partnered with Anbaric Transmission, LLC, a developer of energy infrastructure projects, to create a series of microgrids in New York…
Small Grids, Large Plans
A major Midwest utility holding company is teaming up with a Massachusetts equipment maker to create a statewide series of microgrids, including one in the Capital Region.
Illinois-based energy giant to build microgrids across New York
Exelon is getting into the microgrid business throughout New York. The energy giant announced on Monday that it would partner with Anbaric, a which develops microgrids, to build five large projects on Long Island, New York City and upstate New York…
We need to update our energy marketplace: Guest viewpoint
New plan to join wind power with hydropower enters the mix of New England electricity proposals
Utilities Join Forces For Proposed 300-mile Power Cable in Maine
“A utility and a transmission company are joining forces to try to make a 300-mile power cable tapping Maine wind power and Canadian hydropower a reality…”
Major Power Company Signs on to Wind and Hydro Transmission Project Through Maine
“The companies called the partnership the Green Line Infrastructure Alliance, which they said would focus on developing transmission projects to bring onshore wind from Maine and hydropower from eastern Canada into Massachusetts.”
National Grid, Anbaric Plan to Deliver More Green Power to Region
“The companies are trying to develop large-scale, high-voltage direct-current transmission projects that combine wind and hydropower, to address regional energy issues such as rising prices, declining fuel diversity, and the need for more renewable energy.”
National Grid and Anbaric Join Forces To Deliver Clean, Reliable Energy To New England
Ed Krapels featured in Boston Globe, May 1. 2014
“In this competition, project developers will put forward two types of electric transmission proposals: one type is importing mostly hydroelectric energy from Canada, the other type proposes focusing the transmission line on wind energy, and then adds hydro when the wind isn’t blowing, a clean energy “twofer.”
We will offer projects designed as “twofers,” a wind plus hydro combination connecting to sources of affordable, wind from northern Maine and New York: the “Green Line” of the New England Independent Transmission Co. consortium, and the “Grand Isle Intertie” between northern New York and Vermont, respectively.”
Ed Krapels discusses emerging uses of microgrids in this article.
“Microgrids also can improve the energy efficiency of buildings and lower their environmental impact. For example, the Santa Rita jail microgrid in Alameda County, Calif., uses on-site solar, wind and a fuel cell, which is less polluting than drawing power only from the grid. Also, natural gas generators that supply both heat and power are a very efficient use of energy, compared to transporting electricity from big power plants. Some companies are exploring microgrids as part of sustainability initiatives to demonstrate leadership in renewables and advanced energy technologies, said Edward Krapels, CEO of Anbaric Transmission, which develops microgrids.”
Originally Appears on GreenBiz101.com
Originally Appears in Commonwealth, 04.08.14
Originally Appears in Boston Globe, 04.07.14
If distributed generation is accelerating the utility death spiral – as some say – will microgrids cause a total utility plunge?
Ed Krapels discusses the future of utilities as frameworks for innovation and the potential for microgrid development at Northeast Sustainable Energy Association BuildingEnergy 14.
An article by Ed Krapels (Anbaric) and William R. Hollaway (Gibson Dunn & Crutcher) originally appearing in Public Utilities Fortnightly, December 2013
Originally Appears in Platts Megawatt Daily, Monday, October 14, 2013
Anbaric Transmission hails the coordinated initiative by five New England states to include large hydro in the mix of resources that could be purchased under a regional procurement for renewable energy.
From Innovation Trail, June 07, 2013. “It essentially creates new capacity for existing wind farms but I think more important is it creates new capacity for new wind farms”
From MSN Money, June 3, 2013. “The line is capable of providing about 5 percent of New York City’s peak demand… One megawatt powers about 1,000 homes in New York.”
From Wall St Journal, May 23, 2013
From Vermont Public Radio, May 23, 2013. “Transmission is just extremely difficult to build. So while the wind regimes in upstate New York are good and some wind has been built, they’ve stopped, because there is really no place for the wind to go,” he said. “So that makes the Grand Isle Intertie a potential source of wind energy and hydro.”
De Amerikaanse ontwikkelaar van elektriciteitsprojecten Anbaric bevestigt eerdere berichten van begin deze maand dat de onderneming wil investeren in het Duitse energienetwerk van Tennet, de Nederlandse stroomtransporteur.
Anbaric Transmission establishes German Subsidiary: GOTIC (.pdf) (.pdf, German)
In September 2012, Anbaric established GOTIC GmbH in Munich for the purpose of participating in the development and financing of transmission projects connecting offshore wind parks to the German grid.
Hudson Transmission Project Featured in New York Times
From New York Times, Dec 26, 2011
Anbaric Plans Grid For Massachusetts Offshore Wind
From Recharge, Nov 15, 2011
Massachusetts Company Proposes 2,000-MW Offshore Transmission Project
From Platts, Nov 14, 2011
West Point Transmission Project cited in New York Magazine
From New York Magazine, Nov 6, 2011
Anbaric’s FERC Filing: Anbaric’s submission (with PowerBridge) in the pivotal FERC proposed rulemaking on independent transmission and accelerating the development of renewable energy.
Offshore Awakening: US investment flows into Offshore Wind
From: Renewable Energy World, March 2010
The Terrible Trio Impeding Transmission Development: Siting, Cost Allocation, and Interconnection Animus
by Edward N. Krapels.
Published in the Electricity Journal, January 2010.
Companies Reconnect Edison’s Dream of Direct Current Transmission
From the New York Times, 6/15/09
Regulated Competition Needed to Spur Green Power (url)
From Mass High Tech, May 22nd – 28th, 2009
Outside the Box: Edward Krapels (pdf).
From the Boston Business Journal, 2/09/09