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AMSC and ComEd Break Ground on Chicago’s REG System to Enhance Resiliency
REG system expected to be operational in 2021 AYER, Mass. and CHICAGO, July 09, 2020 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of
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[{"type":"text","content":"REG system expected to be operational in 2021\nAYER, Mass. and CHICAGO, July 09, 2020 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of our Navy’s fleet, today announced that Commonwealth Edison Company (ComEd), a unit of Chicago-based Exelon Corporation (NASDAQ: EXC) and one of the nation’s largest electric utilities, has begun construction on its Resilient Electric Grid (REG) system, which is expected to become a permanent asset within Chicago’s electric power grid. \n AMSC and ComEd previously entered into a commercial contract as part of the ongoing U.S. Department of Homeland Security (DHS) Science and Technology Directorate’s initiative to secure the nation’s electric grid against extreme weather and other catastrophic events. Engineering work for Chicago’s first REG project began in 2019 and AMSC is on schedule to deliver the REG project hardware in 2020. The REG system is expected to be operational in 2021. “This installation of AMSC’s REG system is part of ComEd’s vision to deploy new technology that supports the evolution of a more resilient and efficient electric grid,” said Terence R. Donnelly, president and COO, ComEd. \"We believe that a successful implementation of this project will lead to a second REG project in Chicago’s downtown area to reinforce the electric system serving the central business district.” “We look forward to the operation of Chicago’s first permanent REG system,” said Daniel P. McGahn, chairman, president and CEO, AMSC. “We believe the REG system can be a critical asset for utilities in helping them deal with an evolving and more complex distribution grid.” AMSC’s REG system is a self-healing solution that provides resiliency in the event that portions of the grid are lost for any reason. REG systems enable the use of transmission and distribution assets in a way that is not feasible with traditional technologies while limiting the need for additional grid infrastructure, which mitigates environmental impact. The key component to the REG system is AMSC's breakthrough Amperium® wire that combines with other sub-system design elements to increase the reliability, redundancy, and resiliency of urban power grids, greatly reducing the i...