The University at Albany announced a partnership to establish a world-class center at its NanoTech Complex that will explore nanotechnology innovations for smart-grid ideas. The university says the partnership will create over 100 high-tech jobs in upstate New York and fuel development and use of clean and renewable energy technologies. Also involved in the partnership are Crompton Greaves, a company that designs and manufactures electrical equipment and CG Power, a division of the Avantha Group. CG Power is a part of power transformer manufacturing.
The company says the $20 million CG Center for Intelligent Power will bring 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, expecting to generate more than $50 million in revenue and investments statewide over the next five years. This will be based on outcomes from this collaboration with CNSE.
CG and NSE’s Energy and Environmental Technology Applications Center will jointly conduct R and D to accelerate the use of a range of smart grid equipment, including advanced products and applications to integrate renewable energy facilities into power transmission and distribution systems. Other goals are to manage reactive power flow and voltage in energy transmission.
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