The New York State electricity grid’s challenges – similarly to other grids worldwide - derive from the fact that the current network architecture restraints the system’s ability to accommodate shifting electricity uses and generation types.
To meet sustainable energy requirements and improve overall system reliability, networks increasingly employ complex interconnections, intermittent and non-dispatchable renewable generation, nonlinear electronic equipment, and operate near physical security limits. In the current architecture, this ultimately leads to a degradation of supply security and quality.
Network operators are under pressure to seek support to ensure the system’s ongoing delivery of the services needed. They rely on ancillary services (e.g. reserves, energy storage, demand side management, etc.) to balance power flows and maintain network security, in addition to power conditioning equipment across the network limiting the impact of various power quality disturbances.
However, the effectiveness of such mitigating software and/or hardware technologies is often limited to specific problems, which means that only a collection of them could provide comprehensive improvements. Thus, their wide adoption would be economically unsustainable, resulting in excessively rising costs for the network operators and ultimately, consumers.
Overall, reactive problem solving will not be sufficient to sustainably provide the system flexibility rapid changes require. It is a resilient systemic solution that is required to relieve the system from its pressures and provide an opportunity for further innovation.
Faraday Grid Ltd. (Faraday) has developed a completely new technology that presents a fundamental systemic solution. To estimate the network-wide effects of the Faraday Grid technology numerous electricity networks representing various parts of USA were analysed using inhouse simulation methods. The technical and economic implications of these were then specifically applied to the New York state electricity grid.
This showed amongst others that implementing the Faraday Grid in NY would bring benefits, such as
- NY electricity grid can feed energy to 738, 320 houses for an entire year at zero cost
- NY can supply carbon-free-energy to an additional 1.28 million houses for an entire year
- NY industry could prevent an economic loss of 12.38 billion USD/year due power quality disturbances.
Read Jagadeesh Gunda’s white paper HERE documenting the techno-economic implications of the Faraday Grid technology in the New York state electricity grid.