Gautam Thapar,
Chairman & CEO,
Avantha Group
 
Albany, NY, U.S.A. --- (METERING.COM) --- June 29, 2010 - Indian power transmission and distribution company Crompton Greaves and CG Power has entered into a partnership with the University at Albany’s College of Nanoscale Science and Engineering (CNSE) to establish a research center to enable nanotechnology innovations for smart grid solutions.

The $20 million CG Center for Intelligent Power (CIP) will spur new opportunities for advanced research and development, prototyping, and education and workforce training to facilitate clean energy and smart grid technologies. More than 50 scientists, researchers and engineers will be located at CNSE's Albany NanoTech Complex, and CG anticipates adding another 50 high paying consulting, engineering and design jobs – expected to generate more than $50 million in revenue and investments statewide over the next five years – based on outcomes from this collaboration with CNSE.

A division of the $4 billion Avantha Group, CG is involved in the design, manufacture and marketing of technologically advanced electric products and services related to power generation, transmission and distribution.

“Avantha Group is delighted to establish this strategic partnership with the globally recognized College of Nanoscale Science and Engineering,” said Gautam Thapar, chairman and CEO of Avantha Group. “Through the Center for Intelligent Power, CG and the CNSE have an exceptional opportunity to develop clean energy technologies and to deploy them as part of smart grid solutions, utilizing the unique capabilities of New York's growing alternative energy industry to brighten the world's energy future."

“This innovative partnership between the UAlbany NanoCollege and CG Power will positively impact our energy, environmental and economic futures,” added Dr Alain E. Kaloyeros, senior vice president and CEO of CNSE. “Through the world-class Center for Intelligent Power at CNSE, we look forward to jointly developing and deploying nanoscale technologies that produce renewable energy and a cleaner environment, while creating high paying green collar jobs that further establish New York as a desired location for alternative and sustainable energy jobs, companies and investment.”

CG will work with CNSE's Energy and Environmental Technology Applications Center (E2TAC) to jointly conduct leading edge research and development to accelerate the use of a wide range of smart grid technologies, including advanced products and applications to integrate renewable energy facilities into power transmission and distribution systems; novel systems to manage reactive power flow and voltage in energy transmission; development of monitoring and evaluation control systems to allow real time analysis of the performance of these systems at the substation or microgrid level; and improved workforce training for operators serving advanced substations with smart grid capabilities.

Research and development activities at the CIP will harness the intellectual know-how and technological capabilities of CNSE's $5.5 billion Albany NanoTech Complex, the most advanced research enterprise of its kind at any university in the world. As part of E2TAC, CNSE's Energy Test Farm will provide a leading edge venue for data collection, analysis and display to better quantify and facilitate the integration of control systems in the grid environment.

As part of its commitment to the CIP, CG will also support emerging career opportunities in the clean energy industry by offering internships and fellowships to undergraduate and graduate students wishing to enter careers related to smart grid technologies, as well as activities for middle and high school students interested in pursuing educational programs in the alternative energy field.