Six companies launch Grid Assurance to provide critical transmission equipment reserve

Affiliates of American Electric Power (AEP), Berkshire Hathaway Energy, Duke Energy, Edison International, Eversource Energy, and Great Plains Energy on Friday May 6 officially launched Grid Assurance, an independent company that will provide transmission reserve solutions for critical electric transmission equipment.

Grid Assurance will enhance grid resiliency and give electric transmission owners faster access to long-lead time critical equipment necessary to recover from catastrophic events that could impact the nation’s electric grid.

The company intends to provide a readily available inventory of equipment at secure, strategically located warehouses around the country and will also offer logistics support to facilitate expedited delivery of that equipment to affected sites following a qualifying event.

Subscription to inventory and services will be open to all transmission owners. Qualifying events can include physical attacks, cyberattacks, electromagnetic pulses, catastrophic events, solar storms, earthquakes, and severe weather events.