Anbaric develops transmission to accelerate the 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 transition to a clean energy future and procure thousands of megawatts of offshore wind and onshore renewables, planned transmission is critical to ensure these resources reach markets. Our transmission expertise includes the design and development of shared, open-access transmission systems, as well as onshore upgrades to unlock terrestrial renewables and build a grid to meet the challenges of the clean energy transition.
Additionally, Anbaric develops large-scale storage projects. Our storage projects support our transmission work by easing the integration of intermittent renewables. Our storage business 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 energy to markets and strengthen the grid.
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.