Partnership will offer electric utilities an
integrated suite of industry-leading Grid Enhancing Technologies
for transmission system optimization
BOSTON, Dec. 7, 2022
/PRNewswire/ -- GE Grid Solutions (NYSE: GE), bringing together
advanced grid technologies and expertise to help electrify our
world and accelerate the energy transition, and LineVision,
the global leader in Dynamic Line Ratings (DLR), have formed a
partnership to deliver the world's first integrated suite of Grid
Enhancing Technologies (GETs), providing utilities with an
end-to-end Dynamic System Rating (DSR). GE and LineVision will
combine Dynamic Line Ratings (DLR), Dynamic Power Rating (DPR), and
Optimal Power Flow Controllers (OPFC) to significantly increase
transmission capacity while ensuring grid reliability.
Globally, the need to optimize the existing transmission grid
and expand its ability to carry more clean energy has never been
more urgent. In the US, the National Renewable Energy Laboratory
has reported that grid capacity must triple to achieve zero carbon
by 2035[1]. A lack of sufficient capacity is
preventing 1.4 terawatts of renewables and energy storage from
connecting to the grid and this year has caused nearly $100 billion in congestion costs that are paid by
consumers[2],[3].
Europe aims to reduce
greenhouse gas emissions by at least 55% by the end of the decade
compared to 1990 levels and source 40% of its energy consumption
from renewable energy[4]. However, this shift
to renewable energy sources won't be realized without expanding
transmission capacity which is already lacking, resulting in
congestion and record-high prices of electricity.
Australia is preparing for the
clean energy transition with 67GW of renewable energy projects in
the interconnection queue but grid congestion has prevented much of
that capacity from becoming
operational[5].
"Our utility clients know that increased renewable integration
and electrification requires a flexible and dynamic grid," said
Claudia Cosoreanu, CTO of GE Grid
Automation, Grid Solutions. "Dynamic System Rating will change how
utility operators optimize the grid and enable them to integrate
more renewables using the same infrastructure. This will reduce the
amount of investment needed to reach decarbonization goals and keep
the electricity costs to affordable levels for everyone.
"These technologies represent a new model of grid infrastructure
investment which will accelerate the transition to a net zero
grid," said Hudson Gilmer, CEO of
LineVision. "Transmission capacity is the limiting factor
preventing the clean energy economy from becoming a reality. The
solution now exists to rapidly and fully optimize our existing
assets."
About GE Grid
Solutions
Grid Solutions, a GE Renewable Energy business, serves customers
globally with over 13,000 employees. We provide power utilities and
industries worldwide with equipment, systems, and services to bring
power reliably and efficiently from the point of generation to end
power consumers. Grid Solutions is focused on addressing the
challenges of the energy transition by enabling the safe and
reliable connection of renewable and distributed energy resources
to the grid. We electrify the world with advanced grid technologies
and accelerate the energy transition. GE Grid Solutions' Grid
Automation business offers a broad portfolio of grid and substation
automation solutions that provide customers with the control and
automation functions needed to build a smarter, greener, and more
reliable power grid. For more information,
visit www.gegridsolutions.com, or follow us on LinkedIn.
About LineVision
LineVision provides electric utilities with the real-time
monitoring and analytics needed to accelerate the net zero grid.
LineVision's patented non-contact sensors collect critical
information to unlock additional capacity on existing lines,
provide insight into conductor health, and detect anomalies and
risks. LineVision's platform is rapidly deployed at scale without
the need for scheduled outages, live line work, or specialized
installation equipment. LineVision is helping our utility partners
around the world lead the energy transition by increasing the
capacity, resilience, and safety of the grid. For more information,
visit www.LineVisionInc.com, or follow us on Twitter and
LinkedIn.
[1] National Renewable Energy Laboratory.
100% Clean Electricity by
2035.
[2] Lawrence Berkley National Lab.
Queued Up.
[3] Bloomberg. Negative
Power Prices? Blame the US Grid for Stranding Renewable
Energy.
[4] European Commission's 2030
Climate Target plan
[5] PV Magazine:
"WoodMac: Grid congestion chokes renewables investments in
Australia"
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SOURCE LineVision, Inc.