GE to auction transmission capacity from Linden variable frequency transformer smart grid project

GE Energy Financial Services plans to auction 315 MW of bi-directional electricity transfer capacity across its Linden Variable Frequency Transformer smart grid project.

This project uses GE technology to enable simple and controlled transmission path between electrical grids.

The auction will be held in April. It will sell 90 MW of transmission scheduling rights on June 1, 2016. Around 225 MW of transmission scheduling rights will become available on June 1, 2018.

The TSRs can be used to sell energy and capacity sourced in PJM Interconnection into the New York Independent System Operator (NYISO) and its zone serving the New York metropolitan area.Read full article at Greentech Lead