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.
Anbaric has been a prime mover behind a number of iconic electric transmission projects, including:
- Neptune Regional Transmission System, which delivers 660MW to Long Island from New Jersey, was completed in July 2007 on budget and ahead of schedule
- Hudson Transmission Project, which delivers 660MW to New York City from New Jersey, began construction in 2009 and was completed in June 2013.
- Maine Green Line, which would deliver at least 1200MWs to eastern Massachusetts from Maine, is in the development phase in New England
- The Vermont Green Line, a 400 megawatt HVDC project expanding transmission capacity between upstate New York and the New England grid;
- and Poseidon Project, a proposed electric transmission line that will deliver 500 MW of low-cost energy from New Jersey to Long Island.
Anbaric is also evaluating several other new project opportunities within the United States, including the development of Microgrid projects that will keep critical institutions and key components of infrastructure functioning even when power is lost to the larger grid
Anbaric’s corporate mission is to develop innovative, large electric infrastructure projects, and to be good stewards of the portions of those projects we and our investor partners own directly. As a developer, Anbaric invests in projects that will have long lifespans: electric transmission and distribution assets foremost among them. As a steward of our investors’ capital, we are interested in growing our portfolio of assets that provide steady, reliable returns for decades to come. We do not seek energy commodity exposure. Instead, we seek to develop and own interests in assets and companies that are platforms for the efficient trade of energy.
Thus far, Anbaric has been a prime mover in developing two important projects: the 660MW Neptune Regional Transmission System, and the 660MW Hudson Transmission Project. Both connect the PJM market to the greater New York metro area. Anbaric is developing three other large transmission projects: (1) the Maine Green Line (a 1000MW HVDC project from the northern Maine/New Brunswick area to the greater Boston area), (2) the Vermont Green Line (a 400MW HVDC project connecting Beekmantown, NY to New Haven, VT); and (3) the Clean Energy Link (a 500MW HVDC connection from central New Jersey to Long Island).
Anbaric often uses high voltage direct current (HVDC) technology, heralded as one of the “advanced transmission technologies” in the 2005 Energy Policy Act. HVDC systems have been in use commercially worldwide since 1954, when the island of Gotland was connected to mainland Sweden via a 60-mile cable. Since then, more than 25 systems have been installed globally. Most often they are used in marine applications where the distance for AC installation is too great. Other times they are used in parallel with AC systems where they provide additional operating control for the system operator.
HVDC systems provide many advantages for installation and construction and can contribute greatly to reliable and flexible operation of an electrical grid. These include:
- Higher efficiency in moving large amounts of power over long distances
- Very high reliability with 98.5 percent availability
- Full controllability when needed to react quickly to changes in AC frequency
- System oscillations and to be controlled independent of AC system variations or in response to AC system conditions
- Improving the stability of AC systems, including increasing of the stability of parallel AC lines
- Overload capabilities and controllability that can be beneficial to overall system operations and reliability
- Ability to share spinning reserves and supplying peak load power
Ability to provide reactive power control and support of AC voltage, frequency control, limitation of short circuit current, and transmission at reduced voltage
- Greatly reduced vulnerability to adverse weather conditions – such as hurricanes, tornadoes, or ice storms – for submarine and buried cable
Anbaric conceives, incubates, designs, and develops transmission projects in the US and around the world. Anbaric® projects typically integrate markets between states, regions, or nations; alleviate congestion on the bulk power grid; and deliver renewable energy, especially wind, to population centers. Anbaric® projects expand and improve electricity markets and increase the reliability and flexibility of the grid. Anbaric customers include governmental entities engaged in the electricity business, investor-owned utilities, large public power generators or users, state governments, and others committed to robust, competitive power markets.
In the Anbaric® incubation process, we work with stakeholders to identify potential projects that provide long-term economic, electricity, and environmental value under a range of engineering, system planning, and macro-economic scenarios. We then subject such projects to rigorous fatal-flaw and feasibility scrutiny, and examine the project’s environmental attributes, community impacts and its broader political and economic profile. We reject projects that don’t meet our standards.
For projects meeting our standards, the Anbaric® development process continues until we secure construction financing. We consult with power industry businesses to identify customers for the project; governmental officials to make certain that it is consistent with larger policy objectives; regulators to secure the necessary approvals; environmental, community, and business groups to understand their views and gain their support; equipment vendors to prepare them for expected orders; and debt and equity investors to prepare them for the anticipated investment opportunity. A typical Anbaric® project begins to transmit electricity within 24-36 months from the start of construction.