NewGrid Awarded Competitive Grant from the National Science Foundation
January 4, 2017 – NewGrid, Inc. announced today that it has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $225,000 to conduct research and development (R&D) work on agile power system model reduction for topology optimization software. The project will enable topology optimization software to run on full-detail, operations-grade power systems models. These new capabilities will allow transmission operators to use topology optimization software to adapt the grid configuration to address changes in system conditions. The adaptive reconfigurations can increase the reliability of the transmission system, and allow more economic and environmentally friendly resources to serve demand for electric power. The economic benefits of topology optimization represent up to a 50% reduction in the cost of grid congestion, which translates to $1-4 billion/year production cost savings in the US.
“The National Science Foundation supports small businesses with the most innovative, cutting-edge ideas that have the potential to become great commercial successes and make huge societal impacts,” said Barry Johnson, Director of the NSF’s Division of Industrial Innovation and Partnerships. “We hope that this seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology.”