July 01, 2010
By: by India Blooms News Service
Albany, June 29 (IBNS) CG Power, a power transmission and distribution division of the India based $4 billion Avantha Group, and the College of Nanoscale Science and Engineering (CNSE) of the University at Albany has announced a partnership that will enable nanotechnology innovations for smart grid solutions.
The partnership will establish a world-class center at CNSE's Albany NanoTech Complex and create over 100 high-tech jobs in upstate New York and fueling development and use of clean and renewable energy technologies.
Gautam Thapar, Chairman & CEO of Avantha Group, said, "Through the Center for Intelligent Power, CG Power and the UAlbany NanoCollege have an exceptional opportunity to develop clean energy technologies and to deploy them as part of smart grid solutions."
The $20 million CG Power 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.
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, one of the most advanced research enterprise of its kind at any university in the world.
Dr Pradeep Haldar, Director of CNSE's Energy and Environmental Technology Applications Center (E2TAC), said, "Through the development of advanced systems for monitoring and evaluation of clean energy technologies, we can further enhance our ability to build New York's green collar economy while reducing the nation's carbon footprint."
More than 50 scientists, researchers and engineers will be located at CNSE's Albany NanoTech Complex, and CG Power anticipates adding another 50 high-paying consulting, engineering and design jobs.
This is 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.
CG Power, a global leader in power transmission and distribution, headquartered in Belgium, has an impressive global footprint in the design, manufacture and marketing of technologically advanced electric products and services related to power generation, transmission and distribution.