Energy News

14
June

The AES Corporation Awarded EEI’s 2016 International Edison Award

The AES Corporation (AES) received the Edison Electric Institute’s (EEI’s) 2016 International Edison Award, the electric power industry’s most prestigious honor. A panel of former electric company chief executives selected AES for the annual award from a group of distinguished finalists.
 
AES earned the International Edison Award for its Advancion® 4 energy storage technology, which was first deployed in 2015. The next-generation battery-based energy storage system was designed to accelerate the growth and integration of clean energy and to serve as an alternative to new peaker power plants. It is the first-ever battery-based energy storage solution designed to scale in size, and it is already in service making the energy grid smarter and more resilient in the Netherlands, Northern Ireland, and the United States. By the end of 2016, AES will have deployed energy storage projects in six countries.
 
“The AES energy storage system is a great example of how electric power companies are using new and inventive solutions to provide cost-effective clean energy to customers globally,” said EEI President Tom Kuhn. “By working directly with electric power companies, power producers, grid operators, and industrial customers to develop its Advancion platform, AES has also demonstrated the value that technology partnerships can bring to the electric power industry.”
 
AES determined that the energy storage solutions available globally were not designed to scale fast enough to meet the anticipated growth in storage, and quickly began developing an effective technology solution to meet the rapidly growing demand.
 
“The AES team is greatly deserving of the Edison Award for their efforts to develop smarter, stronger energy grids around the world,” said Kuhn.
 
A video overview of AES’ Advancion 4 technology is...
14
June

American Electric Power Awarded EEI’s 2016 Edison Award

American Electric Power (AEP) received the Edison Electric Institute’s (EEI’s) 2016 Edison Award, the electric power industry’s most prestigious honor, for its Energized Reconductor Project in the Lower Rio Grande Valley of Texas. A panel of former electric company chief executives selected AEP for the 89th annual award from a group of distinguished finalists.
 
AEP made the decision to upgrade the two 345-kilovolt transmission lines the company uses to deliver power in South Texas. Taking the transmission lines out of service was not an option, due to a significant projected increase in energy demand over the next five years. Using new technologies, AEP was able to replace all 240 miles of line while they were in an energized state utilizing existing structures and right-of-ways. By completing the project in an energized state, AEP did not need alternative generation sources, resulting in an approximate savings of more than $43 million. Completion of this innovative project benefits customers by improving the reliability of the energy grid in South Texas for years to come.
 
"The electric power industry is making significant investments in new technologies to improve the reliability and resiliency of the energy grid,” said EEI President Tom Kuhn. “AEP’s Lower Rio Grande Valley project accomplished an incredible technical feat by replacing a record length of transmission lines while the lines remained energized. Traditional construction methods would have required taking those lines out of service, but AEP developed an innovative technical solution that permitted the company to successfully upgrade the system while maintaining service and reliability."
 
The Rio Grande Valley Energized Reconductor Project is a cutting-edge accomplishment for both AEP and the electric power industry. Through its innovative partnerships with...
10
March

Pence Reappoints IURC Chair

INDIANAPOLIS - Governor Mike Pence has reappointed Carol Stephan as chair of the Indiana Utility Regulatory Commission. The Indiana University graduate became the first female chair of the commission in 2014.

Governor Mike Pence calls Stephan a "leader with integrity," saying her "deep understanding and commitment to the commission's work make her uniquely qualified for this role."

Stephan has significant experience in state government, including roles with the Indiana Department of Workforce Development and the Office of the Attorney General of Indiana.

Pence has also named Thomas Fite director of the Indiana Department of Financial Institutions. He has served as the organization's deputy director since 2013. He holds his undergraduate degree from Ball State University and an MBA from Indiana Wesleyan University. Pence says Fite has the "extensive experience and unmatched background knowledge" needed for the role.

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