PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE Unit to Auction Transmission Capacity from its Linden Variable Frequency Transformer Smart Grid Project - GE unit GE Energy Financial Services announced that it will auction 15 megawatts of bi-directional electricity transfer capacity across its Linden, NJ, Variable Frequency Transformer (VFT) smart grid project (NYSE: GE)
GE Unit to Auction Transmission Capacity from its Linden Variable Frequency Transformer Smart Grid Project

 

NewswireToday - /newswire/ - Linden, NJ, United States, 2013/02/13 - GE unit GE Energy Financial Services announced that it will auction 15 megawatts of bi-directional electricity transfer capacity across its Linden, NJ, Variable Frequency Transformer (VFT) smart grid project (NYSE: GE). NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

GE unit GE Energy Financial Services announced today that it will auction 15 megawatts of bi-directional electricity transfer capacity across its Linden, NJ, Variable Frequency Transformer (VFT) smart grid project, which uses GE technology to enable a simple and controlled transmission path between electrical grids.

GE Energy Financial Services will hold the auction in April to sell 15 megawatts of transmission scheduling rights. The scheduling rights will become available on July 1, 2013, and last through October 31, 2014. The project’s customers can use these rights to sell power capacity and energy sourced in the PJM Interconnection, LLC (PJM) regional control area, the largest centrally dispatched electric grid in the world, into the New York Independent System Operator, Inc. (NYISO) regional control area. Linden VFT customers also can route energy from NYISO to the PJM Interconnection.

The Linden VFT smart grid project is located at the intersection of the New York City (NYISO Zone J) and PJM power grids and is capable of transferring 315 megawatts of capacity, enough for up to 315,000 homes. The project is adjacent to GE Energy Financial Services’ 900-megawatt Linden cogeneration power plant.

Linden VFT commenced commercial operation in late 2009 and has demonstrated the flexibility to flow power in both directions between the NYISO and PJM power grids. The variable frequency transformers provide a precise control path between electrical grids, permitting power exchanges that were previously impossible because of technical constraints. They enable transmission system operators at PJM and NYISO to control power flows with high reliability, speed and efficiency, while offering flexibility in how growing energy demand is met. The reliable power flow also provides customers with more diverse and lower-cost power sources.

GE Energy Financial Services will hold an “open season” to allocate the transmission scheduling rights, which entitle Linden VFT’s customers to determine use of the project. To learn more, visit lindenvftauction.com. Questions can be directed to linden-vft-iam[.]brattle.com. The Brattle Group is managing the open season for GE Energy Financial Services.

About GE Energy Financial Services
GE Energy Financial Services (geenergyfinancialservices.com) GE’s energy investing business works as a builder, not just a banker, to help meet the world’s power and fuel needs. We offer more than money expertise for essential, long-lived and capital-intensive power, oil and gas infrastructure GE’s core business. Drawing on GE’s energy technical know-how, financial strength and risk management, we see value where others don’t and take on our customers’ toughest challenges with flexible equity and debt transaction structures. Based in Stamford, Connecticut, GE Energy Financial Services holds an approximately $20 billion global energy portfolio.

About GE
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GE Unit to Auction Transmission Capacity from its Linden Variable Frequency Transformer Smart Grid Project

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Andy Katell - GE Energy Financial Services 
203-961-5773 andrew.katell[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Energy Most Recent Related Newswires:

GE’s First Power Services Remote Monitoring and Diagnostics Center in Asia Pacific Enables Increased Performance through Analytics
Vestas Secures Order for 101 MW in the United States
PPG to Distribute Wastewater Substrate-repair Products from Sauereisen
Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)