Atlantic City Electric $93.1 million Powering the Future programme has been approved.
Introduction:
Powering the Future, a $93.1 million project, has been approved for Atlantic City Electric. Over the course of the next four years, the project will improve and modernise South Jersey’s local electricity grid.
In a significant development for the energy sector, Atlantic City Electric’s ambitious Powering the Future program has been approved.
With a staggering investment of $93.1 million, this initiative aims to revolutionize the way electricity is generated, distributed, and consumed in the region.
This blog post will delve into the details of this groundbreaking program and explore its potential impact on the community and the environment.
In order to increase the local energy grid’s capacity and facilitate the integration of more solar and clean energy technologies, the project consists of 22 distinct initiatives.
By doing this, system reliability will increase and better technology will be used to fortify the grid against powerful storms.
Atlantic City Electric Powering the Future
Powering the Future is an extension of Atlantic City Electric’s ongoing endeavours to bring the neighbourhood energy system up to date, enhance service dependability for a multitude of consumers, and foster the expansion of distributed energy resources such as solar energy.
Through this programme, the company hopes to increase the almost 50,000 consumers it has already helped link their solar PV installations.
In most places, it will open up new possibilities for domestic solar connections, allowing for the installation of about 16,000 more residential solar arrays.
Further modifications being carried out by Atlantic City Electric will provide over 50,000 consumers with access to solar hookup.
Four primary categories are included in the project:
- Enabling Solar/Distributed Energy Resources (DER): In accordance with the state’s clean energy and climate objectives, this category focuses on increasing the local energy grid’s ability to integrate clean energy technology, such as solar power and other distributed energy resources.
- Targeted Reliability Improvements: By addressing locations that experience frequent power outages or putting in place redundancy measures to lessen the impact of failures, these programmes seek to improve grid reliability.
- Smart Technology Upgrades: In order to shorten the frequency and length of power outages, this category focuses on improving the communication network and related devices.
- Substation Improvements: To ensure greater dependability and resilience against extreme weather occurrences, a number of substations in Atlantic City Electric’s service area will get improvements to modernise important equipment and infrastructure.
Atlantic City Electric Progress
Atlantic City Electric has made great progress in making the regional electricity grid more intelligent, robust, and environmentally friendly through Powering the Future and earlier investments.
Customers may now expect better service reliability as a result of these initiatives, which have resulted in the lowest frequency of electric outages in the company’s history.
Customers of Atlantic City Electric have experienced a 75% decrease in the frequency of power outages since 2012. This is in spite of the fact that storm frequency and intensity have increased.
The project will start in July 2023 and be financed over the course of four years by gradually adjusting rates. Over the course of the four years, the average residential user consuming 680 kV hours will see an increase in their total monthly cost of about $1.22, or 0.84%.
Investing in a Sustainable Future:
Atlantic City Electric’s Powering the Future program is a testament to the company’s commitment to sustainability and renewable energy.
The approved investment will be utilized to upgrade and modernize the existing infrastructure, ensuring a more reliable and efficient power supply for customers.
By embracing advanced technologies and renewable energy sources, Atlantic City Electric aims to reduce its carbon footprint and contribute to a cleaner and greener future.
YOU MAY ALSO LIKE
Amazon is conquering new economic sectors
Renewable Energy Integration:
One of the key aspects of the Powering the Future program is the integration of renewable energy sources into the existing power grid.
Atlantic City Electric plans to leverage solar, wind, and other clean energy technologies to diversify its energy portfolio.
This move not only reduces reliance on fossil fuels but also promotes the development of a more resilient and sustainable energy system.
Enhancing Grid Resilience:
With the increasing frequency of extreme weather events, grid resilience has become a top priority for utilities.
Atlantic City Electric’s program includes investments in grid modernization and infrastructure upgrades to enhance the system’s resilience against storms and other disruptions.
a electric
By implementing advanced monitoring and control systems, the company aims to minimize downtime and improve the overall reliability of the power supply.
Empowering Customers:
The Powering the Future program also focuses on empowering customers to make informed decisions about their energy consumption. Atlantic City Electric plans to introduce innovative tools and technologies that enable customers to monitor and manage their energy usage more efficiently.
By promoting energy conservation and providing real-time data, customers can actively participate in the transition towards a more sustainable energy future.
Job Creation and Economic Growth:
The approval of the Powering the Future program is not only a win for the environment but also for the local economy. The substantial investment will create job opportunities in various sectors, including construction, engineering, and renewable energy. This infusion of capital will stimulate economic growth, benefiting the community as a whole.
Fifty thousand dollars is awarded to ten South Jersey towns by Sustainable Jersey and Atlantic City Electric.
The 10 winners of the 2023 Sustainable municipalities Grants Programme were recently announced by Atlantic City Electric and Sustainable Jersey in an effort to promote the growth of environmental, open space, and resilience initiatives throughout South Jersey municipalities.
The $50,000 in one-time grants, each worth up to $5,000, will help protect the environment, make parks safer, and increase community resilience. The Sustainable Communities Grant programme of Atlantic City Electric is the source of this grant.
Atlantic City Electric Director
Kristin McEvoy, director of external affairs at Atlantic City Electric, stated, “We are so happy to help our local communities bring these projects to fruition and to support in ways that will have lasting impacts on not only the community but the environment as well.”
“We are unwavering in our commitment to achieving climate change, and we know that giving these grants to our communities will help create a safer and cleaner environment.”
In 2020, Atlantic City Electric initiated the Sustainable Communities Grant initiative, which is managed by Sustainable Jersey and distributed to nearby communities.
In the communities that Atlantic City Electric serves, the programme has awarded $275,000 in grants to promote environmental, open space, and resilience initiatives.
Is power restored in wildwood
Did Wildwood get electricity back?
is the power back on in wildwood
More than 40 hours after the substation fire broke out, officials in Wildwood reported that all 24,000 residents had their power restored.
Conclusion:
Atlantic City Electric’s $93.1 million Powering the Future program approval marks a significant milestone in the pursuit of a sustainable energy future.
By investing in renewable energy integration, grid resilience, and customer empowerment, the company is taking proactive steps towards reducing its environmental impact and ensuring a reliable power supply for its customers.
This initiative not only benefits the community but also contributes to job creation and economic growth. As we move forward, it is encouraging to witness utilities like Atlantic City Electric leading the way in embracing clean energy solutions and setting an example for others to follow.
FOR MORE TRENDING NEWS AND ARTICLES JOIN OUR WHATSAPP COMMUNITY
SCAN THE QR CODE OR CLICK ON THE LINK FOR JOINING
Follow this link to join OUR WhatsApp community:
https://chat.whatsapp.com/C3ZvEyVkLFQ5wNdciGixOs
I’m Hassan Saeed, a Clinical Psychology graduate deeply engaged in the realms of WordPress, blogging, and technology. I enjoy merging my psychological background with the digital landscape. Let’s connect and explore these exciting intersections!