EAST BRUNSWICK, NJ, March 30, 2022 /PRNewswire/ — Electric transmission developer LS Power Grid told a meeting of the New Jersey Business & Industry Association (NJBIA) that if New Jersey going to meet its ambitious clean energy goals, it must find the most efficient and cost-effective way to deliver offshore wind power to the state‘s onshore grid.
“The state needs a high quality, resilient and reliable offshore wind power transmission system that is also cost effective,” said Lawrence Willickexecutive vice president of New JerseyLS Power, parent company of LS Power Grid. “We can deliver exactly what New Jersey needs – at a cost at least $1 billion less than other competing proposals. Reliability matters, but so does cost. We need to address these two points transparently to move forward New Jersey towards its clean energy goals.”
One of the main electrical transmission developers, LS Power Grid, which is part of New Jerseybased at LS Power, is one of 13 private sector companies that responded to the state’s request for proposals on how best to connect offshore wind power to the state’s aging onshore power grid. Currently, the New Jersey The Board of Public Utilities and the regional network operator, PJM Interconnection, are evaluating these proposals.
Major wind energy developers, energy transmission companies and state officials attended the NJBIA meeting, which took place this past Friday March 25 in Trenton. For more details on LS Power Grid’s proposals for New Jersey and its track record of delivering major transmission projects on time and on budget, review this press release and visit the company’s dedicated website. New Jersey offshore wind energy transmission at https://CleanEnergyGateway.com.
About the LS Power Grid
LS Power Grid, a leading electricity transmission company, advocates transparent and competitive processes to plan, build and own transmission infrastructure. These processes encourage innovative solutions, facilitate the integration of renewable resources and reduce costs. For more information, please visit www.LSPowerGrid.com.
About LS Power
LS Power is a development, investment and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, in addition to its development of over 660 miles of high voltage transmission, LS Power has developed, built, managed or acquired over 45,000 MW of power generation, including solar, wind , hydroelectric, natural gas and battery energy storage projects. LS Power actively invests in distributed energy resource platforms, such as CPower Energy Management, Endurant Energy and EVgo, as well as waste generation and renewable fuels initiatives. Additionally, LS Power invests in renewable energy and energy storage through REV Renewables. Through his efforts, LS Power has raised over $48 billion debt and equity financing to support North American infrastructure. For more information, please visit www.LSPower.com.
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SOURCE RO Power