News

July 01, 2010

CNSE Intelligent Power Center To Generate Over $50 Million In Revenue

By: by Jessica Pasko, Troy Record

Source:

ALBANY - The College of Nanoscale Science and Engineering at the University of Albany is collaborating with a global leader in clean energy systems and technologies to establish a new $20 million center that will create more than 100 high-tech jobs in the region.

University officials joined elected officials and leaders of Crompton Greaves and CG Power, a division of the India-based Avantha Group, on Friday morning to announce the new CG Center for Intelligent Power. CG is known for being a leader in clean energy technologies, and the company has excelled in the design, manufacture and marketing of technologically-advanced electronic products and services related to power generation, transmission and distribution.

The new center will create new opportunities for advanced research and development, education and workforce training to facilitate clean energy and smart grid technologies. More than 50 scientists, researchers and engineers will be located in the center and CG anticipates adding another 50 high-paying consulting and engineering jobs. It's expected to generate more than $50 million revenue and investments statewide over the next five years.

This new collaboration between CG Power and the College of Nanoscale Science and Engineering will address an important challenge by ensuring that critical green energy technologies can be integrated seamlessly into the grid, " said Mark Scher, president and CEO of MSE Power Systems, a U.S.-based subsidiary of CG Power. "MSE Power Systems looks forward to this partnership between industrial and academic alternative energy powerhouses, which will help forge a cleaner and more energy efficient future while driving significant economic impact."

The center will be used by the school and CG Power to conduct leading-edge research and development aimed at accelerating the use of numerous smart grid technologies. That includes creating advanced products and applications to integrate renewable energy facilities into power transmission and distribution systems. Working with the college's Energy and Environmental Technology Applications Center, researchers will also work to create new systems to manage reactive power flow and voltage in energy transmission, and develop monitoring and evaluation control systems, among other work.

"Through the world-class Center for Intelligent Power, 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," said Dr. Alain Kaloyeros, senior vice president and chief executive office of the College of Nanoscale Science and Engineering.