Micromem, Northeast Utilities form transformer tech partnership
Both companies are now proceeding to prototype development, field-testing and system optimization
Micromem Technologies through its unit, Micromem Applied Sensor Technologies Inc., struck an agreement with Northeast Utilities to further the transformer sensor project described in an agreement announced December 11, 2013.
Under the terms of the agreement both NU and MAST will continue to collaborate to develop technologies that will improve utility transformer equipment functionality and longevity through the use of sensor technology.
In addition, the agreement acknowledges that Stage Gate Two of the Proof of Concept has been successfully completed. Both companies are now proceeding to prototype development, field-testing and system optimization.
NU is committed to deploying transformer sensor technologies when routine manufacturing begins. NU has been providing valuable insight as to how to effectively and safely integrate the MAST sensor technology into transformers and pursuant to the agreement, invest an additional $200,000 with MAST for prototype development.
Northeast Utilities (NU) delivers electricity to 3.6 million customers in Connecticut, Massachusetts and New Hampshire.