Anbaric develops transmission to accelerate deployment of renewable energy across North America. We specialize in the design, development, financing, and construction of large-scale electric transmission systems. As states across the Northeast and the Mid-Atlantic are procuring thousands of megawatts of offshore wind and onshore renewables, transmission enables these resources to reach markets. Our transmission businesses include shared, open-access transmission systems for two or more wind projects, gen-ties for a single project, as well as onshore upgrades to unlock terrestrial renewables and enable the grid to absorb dozens of 1000-MW+ offshore wind projects. Additionally, Anbaric develops large-scale storage projects. Our storage projects support our transmission work by easing the integration of intermittent renewables. Our storage businesses focuses on bulk storage projects of 50 MWs and up, that maximize the value of renewables, reduce the demand for gas-fired peaking plants, and stabilize grid operations.
As explained in our history further below, Anbaric helped launch the independent transmission sector in the United States, helping spearhead the development of two 660-MW, underground and underwater transmission lines, completed on-time and on-budget in 2007 and 2013 with an approximate cap ex of $1.5 billion.
Anbaric was founded in 2004 by the late Edward N. Krapels. The company’s early work focused on the Neptune Regional Transmission System, an HVDC undersea and underground power cable that links the PJM power grid to New York. Completed on-budget and ahead of schedule in 2007, Neptune remains in service today and provides 20 percent of the electricity to Long Island. Following the success of Neptune, Anbaric became a founding member of consortiums that established the Hudson Transmission Project and microgrid industry disruptor, Viridity Energy.
From 2010 to 2016, Anbaric developed a large transmission project with funding from Exelon, as well as two large transmission projects in New England with funding from National Grid. In 2017, Anbaric and the Ontario Teachers’ Pension Plan—one of Canada’s largest single-profession pension funds and widely recognized institutional investor—formed Anbaric Development Partners, a Massachusetts-based company that specializes in the development of large-scale electric transmission and storage solutions.
Clarke Bruno, long-time transmission group president, was appointed CEO of Anbaric in 2020.