Tres Amigas LLC, a Santa Fe, NM, U.S.-based national grid interconnection project known as the Tres Amigas SuperStation, has recevied a $12m equity investment from global trading, IT and industrial infrastructure services company Mitsui & Co., Ltd.
Mitsui will partner with Tres Amigas to further internationalize their “Smart Green Information Technology” business model, which includes Smart Grid IT, renewable energy development and management, and CO2 emissions mitigation strategies.
Tres Amigas’ SuperStation project plans to build a high capacity “Renewable Energy Hub”, designed to interconnect America’s three primary electricity grids, the Eastern (Southwest Power Pool), Western (Western Electricity Coordinating Council) and Texas (Electric Reliability Council of Texas) networks to create reliable renewable power from intermittent renewable sources such as solar and wind by utilizing information technology.
Led by chair, president and CEO Phillip Harris, the company is building the $1.5bn SuperStation in stages with the engineering design for Phase I underway, construction scheduled to commence in 2012, and Phase I commercial operations scheduled for 2015.
FinSMEs
28/12/2011