July 01, 2010
By: by smartmeters
The College of Nanoscale Science and Engineering at the University of Albany is collaborating with CG Power to establish a new $20 million center that will create more than 100 high-tech regional jobs. CG Power is a division of the India-based Avantha Group.
University officials joined local politicians and leaders of Crompton Greaves and CG Power to announce the new CG Center for Intelligent Power. CG is known for developing clean energy technologies and has excelled in the design, manufacture and marketing of technologically-advanced electronic products and services related to power generation, transmission and distribution.
The CG Center provides 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 expects to add another 50 consulting and engineering jobs. The Center is expected to generate more than $50 million in revenue and investments over the next five years.
Mark Scher, president and CEO of MSE Power Systems, a U.S.-based subsidiary of CG Power told The Record that the 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. "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 college and CG Power to conduct research and development that accelerates the use of smart grid technologies, including developing 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 at the Center will also create systems to manage reactive power flow and voltage in energy transmission, and develop monitoring and evaluation control systems.
Dr. Alain Kaloyeros, senior vice president and chief executive office of the College of Nanoscale Science and Engineering, says, "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."