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Anbaric Development Partners

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Anbaric Development Partners

Anbaric Development Partners (Anbaric) is an American electric power transmission and storage development company located in Wakefield, Massachusetts. The company develops smart grid, renewable energy, and large-scale electric transmission projects which use high-voltage direct current (HVDC) technology for clients in the United States and internationally.

Anbaric delivers power from energy producers to population centers through the use of underground and submarine transmission lines. Anbaric specializes in the development stages of transmission projects including conceiving, designing, and leading projects' proposal processes, which can take years. Its customers include governments, investor-owned utilities, and public power generators. The company's headquarters are located in Wakefield, Massachusetts.

Senior leadership includes Clark Bruno, President and CEO, Janice Fuller who is in charge of all mid-Atlantic development, Peter Shattuck who leads transmission development in New England, and project managers Bryan Sanderson, and Howard Kosel. Luis Ortiz head up electric battery storage development. Edward N. Krapels Ph.D. was the founder of Anbaric Holding, LLC, the parent company of Anbaric. Krapels died in 2020.

Anbaric Transmission, LLC was incorporated in 2004 by founder Edward Krapels. In 2001, Krapels began work as a market advisor for Atlantic Energy Partners on a project known as the Neptune Regional Transmission System, a submarine transmission connection between New Jersey and Long Island. Krapels has stated that he obtained an ownership interest in the project, from which he founded Anbaric in order to focus on such transmission projects. Anbaric was then part of the merchant group that developed the Neptune RTS project, which was completed in 2007. In the late 2000s the company, along with other partners, completed additional projects including the Hudson Transmission System, which brings power from northern New Jersey to New York.

In February 2015, Anbaric announced plans to develop a series of microgrids in New York State in response to New York's call for more distributed generation resources and increased energy reliability. Anbaric has partnered with Exelon Corporation to build 10-200 megawatt microgrids in New York.

In March 2017, Anbaric and Ontario Teachers' Pension Plan created a new development company, Anbaric Development Partners. The partnership was formed to develop clean energy infrastructure projects in North America, with Anbaric's management team leading the new company and Ontario Teachers’ committing to funding development costs, projected to produce $2 billion in fully constructed assets. The announcement marked the largest financial commitment by an investor in the company's 15-year history.

Anbaric's projects include the design and development of power transmission and distributed generation energy projects. Its completed projects include the Neptune Regional Transmission System and the Hudson Transmission System, while ongoing projects in development include the Bay State Offshore Wind Transmission System, Vermont Green Line, Maine Green Line, West Point Project, and Poseidon Project.

The Neptune Cable, or the Neptune Regional Transmission System, is a 660-MW high-voltage direct current line that connects Sayreville, New Jersey (site of the Sayreville Energy Center) to Long Island. Construction on the $600 million project began in fall 2005. The 65-mile transmission line became operational in June 2007, and was developed by a merchant group including Anbaric. As of 2007, the line was the largest source of imported electricity to Long Island. In a 2007 report, the New York ISO noted that the Neptune cable reduced electricity prices in New York, and substantially reduced transmission congestion into Long Island and New York City.

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