Partners With City of New York, The Boeing Company, Columbia University & Others to Make Metro Region a Smart Grid LeaderNEW YORK, NY, Aug 31, 2009 (MARKETWIRE via COMTEX) -- Consolidated Edison, Inc. (NYSE: ED) (Con Edison) has joined with
energy experts and researchers from the public and private sectors in
filing for smart grid stimulus funds from the U.S. Department of
Energy (DOE). The applications request approximately $46 million to
help fund smart grid demonstration projects for customers served by
Consolidated Edison Company of New York Inc. and Orange & Rockland
Earlier this month, the company applied for $172 million in federal
funding for smart grid projects. The stimulus money would help fund an
overall $435 million smart grid program.
A smart grid integrates information and communication technology into
electricity generation, delivery, and consumption, making systems
cleaner, safer, and more reliable and efficient. The stimulus funds
would broaden the scope of Con Edison's existing smart grid efforts
to modernize the electric grid.
With one of the highest load densities in the world, New York City,
its suburbs, and New Jersey represent the most complex and diverse
test bed for urban and suburban smart grid performance. Smart grid
technologies would help Con Edison's 3 million customers use energy
more efficiently, support alternative energy sources, enable wide
spread adoption of electric vehicle charging, and enhance reliability
to all customers including major medical facilities, transportation
systems, financial institutions, and media centers.
To help make important aspects of a local smart grid a reality, Con
Edison will work with several parties in this latest filing that calls
for testing various types of innovative smart grid technologies in a
large-scale demonstration project.
Numerous elements make up the demonstration project. Some parts
-- Working with the New York City Economic Development Corporation and
Viridity Energy to optimize advanced building technologies and solar
generation from City owned properties, such as the Brooklyn Army Terminal,
into clean, virtual power generation.
-- Working with The Boeing Company to create a comprehensive middleware
communications and cyber security network that will serve as the common
operating environment and command and control network of an enhanced Con
Edison smart grid, the same technology in use by the United States
Department of Defense.
-- Working with Columbia University, The Prosser Group and CALM Energy on
technology that allows a smart grid to increase use of renewable energy,
provides intelligent energy storage, incorporates preventive maintenance
and self healing capabilities to avoid system failures.
-- Working with Rudin Management Company Inc. customers to demonstrate
emergency response and energy efficiency improvements.
The objective is to build a smart grid prototype that would enable
Con Edison to demonstrate many high-tech and intelligent components,
including two-way communication between the company and the customer.
The pilot will also enable new technologies that can increase
reliability, adaptability and efficiency in grid operation.
This comprehensive demonstration project is intended to also show how
new technologies can lower costs for consumers in the most complex
energy market in America, while lowering carbon dioxide and other
greenhouse emissions. Con Edison and its team will work toward
delivering a smart grid expandable to every electric system
throughout the country.
The DOE plans to distribute $3.9 billion in Recovery Act funds for
smart grid projects through two funding opportunities. The first
provides $3.3 billion to deploy and implement smart grid technologies
across the country. The second provides $615 million for smart grid
For more information about Con Edison's smart grid efforts, visit
Con Edison, O&R and Rockland are subsidiaries of Consolidated Edison,
Inc. (NYSE: ED), one of the nation's largest investor-owned energy
companies, with approximately $14 billion in annual revenues and $34
billion in assets. The utility provides electric, gas and steam
service to more than 3 million customers in New York City and
Westchester County, New York. For additional financial, operations
and customer service information, visit Con Edison's Web site at
SOURCE: Consolidated Edison, Inc.