29 Dec '11, 8am

Tres Amigas Raises Money for US Grid Super-Hub: Tres Amigas LLC, the partnership planning a superconducting, d...

Tres Amigas LLC , the partnership planning a superconducting, direct-current transmission hub to connect the Texas, Eastern and Western U.S. grids, has raised $12 million from Japanese financial giant Mitsui & Co. The investment adds to $3 million raised in November to complete a planned $15 million round. That's a good first step, but still far away from the $1.5 billion in anticipated costs for Tres Amigas's ambitious plans to create a first-of-a-kind power exchange and balancing hub for the U.S. power grid system. We're seeing similar interesting grid-balancing projects emerging, such as Japan's Digital Grid Consortium . Here's what Tres Amigas is planning to do with the money it has raised. - - - The Tres Amigas partnership -- a sprawling collection of grid and infrastructure giants like U.S-based CH2M Hill and France’s Alstom and startups like battery maker Xtreme Pow...

Full article: http://www.greentechmedia.com/articles/read/tres-amigas-r...

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