Con Edison invests $2.3 B into grid resilience
The projects include the installation of substation equipment, 28 underground and 69 overhead transformers, 938 sections of underground and overhead cable and 241 poles.
Image for illustration purposes.
USA, New York: New York’s Consolidated Edison, one of the US’ largest investor-owned energy companies, has invested $2.3 billion in infrastructure projects across NYC and Westchester County to keep the grid reliable. The projects include the installation of new substation equipment, 28 underground and 69 overhead transformers, 938 sections of underground and overhead cable and 241 poles. Investments are planned in all of the city’s 5 boroughs.
Con Edison predicts that the demand for power might peak at 12800 MW this summer. Last year’s peak of 11565 MW occurred on July 27. The record demand is 13322 MW, which occurred during a heat wave on July 19, 2013.
“These critical infrastructure projects support New York’s transition away from fossil fuels and improve the reliability of our grid by helping us meet the increased demand for power as buildings and vehicles become electrified. Our investments provide value for every customer and ensure that our grid remains resilient and reliable in the face of extreme weather such as heat waves and storms, which are becoming more frequent and intense due to climate change,” said Matthew Ketschke, the president of Con Edison.
Source: Smart Energy International
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