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GE
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.
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