Assessment part of public-private initiative to support continued economic growth of high tech R&D and manufacturing in New York’s Capital Region

WAKEFIELD, Mass. — (BUSINESS WIRE) — November 18, 2016 — GLOBALFOUNDRIES, Anbaric Microgrid, and Exelon today announced an agreement to identify opportunities for improving power quality and reliability at the company’s Fab 8 semiconductor manufacturing facility in Saratoga County, N.Y. through a series of power quality studies. Uninterrupted, high-quality power is essential for operating the plant’s sensitive manufacturing equipment and for continued growth of the high-tech advanced manufacturing economy in New York’s Capital Region. The initiative will leverage distributed energy resources and microgrid controls to both address the operational requirements of Fab 8 and to model solutions that can be applied elsewhere.

The companies will perform a power quality analysis to identify the source and costs associated with electrical disturbances. They will further determine the efficiency of GLOBALFOUNDRIES' energy supply and consumption with proposed improvements including infrastructure investment and utility negotiations. Capacity expansion requirements will be determined by evaluating grid deliverability and load growth and a full evaluation of the energy costs at the Fab 8 site.

“Power reliability, quality and long term capacity to support regional growth are challenges difficult to adequately address within the current utility model,” said Mike Russo, GLOBALFOUNDRIES Director of U.S. Government Relations, Regulatory Affairs and Strategic Initiatives. “This project will not only help GLOBALFOUNDRIES more efficiently and cost-effectively address power issues, but will anchor a much broader initiative intended to rethink the entire system from generation to the customer’s end use.”

“Exelon believes that by embracing and leveraging technology, our industry can effectively improve reliability, transition to clean energy, and lay the groundwork for a truly modern, integrated grid,” said Jeff Yuknis, vice president of Exelon and the leader of Exelon’s New York microgrids business. “We’re pleased to team with GLOBALFOUNDRIES and Anbaric Microgrid on a next-generation energy grid model that will provide greater benefits to customers.”

“This effort will help to shape the future of the grid,” said Dirk van Ouwerkerk, lead partner for Anbaric Microgrid. “Companies like GLOBALFOUNDRIES require a high level of service and customized power products. We’re excited about this partnership to design and develop solutions that address those needs.”

The agreement is part of a broader initiative to address the region’s need for reliable load growth. GLOBALFOUNDRIES has created an ambitious energy program called the “Power Demonstration Model Initiative” (PDMI). Comprising key stakeholders from the private and public sectors, including the utility National Grid, the PDMI will take an integrated approach that will consider site requirements, regional assets and capabilities, and the government’s focus and regulatory requirements to create a comprehensive report of the Capital Region’s needs and assets. The PDMI will further determine and propose solutions that meet the reliability, quality and capacity requirements of high-tech manufacturers in the most cost-effective manner.

The PDMI will also work in conjunction with National Grid to identify opportunities for modernizing the energy grid in the Capital Region. Through PDMI, the group will collaborate on the planning, testing, and development of energy technologies that support a sustainable and scalable grid model.

“National Grid fully supports the development of newer innovative energy solutions that will allow high tech leaders like GLOBALFOUNDRIES and others to continue their growth and success in New York State,” said Laurie Poltynski, National Grid Executive Manager, Eastern NY.

About Anbaric Microgrid

Anbaric Microgrid is a subsidiary of Anbaric which is known for its track record of leadership in developing competitively selected High Voltage Direct Current (HVDC) transmission projects in New York. As one of the developers of the Neptune Cable, Anbaric maintains unique experience helping New York ratepayers access clean, affordable, and reliable electricity. As a developer, Anbaric invests in projects that will have long life spans, such as electric transmission assets and large microgrids. For more information, visit anbaricmicrogrid.com.

About Exelon

Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2015 revenue of $34.5 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2.5 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Follow Exelon on Twitter @Exelon.

About GLOBALFOUNDRIES

GLOBALFOUNDRIES is the world’s first full-service semiconductor foundry with a truly global footprint. Launched in March 2009, the company has quickly achieved scale as one of the largest foundries in the world, providing a unique combination of advanced technology and manufacturing to more than 250 customers. With operations in Singapore, Germany and the United States, GLOBALFOUNDRIES is the only foundry that offers the flexibility and security of manufacturing centers spanning three continents. The company’s 300mm fabs and 200mm fabs provide the full range of process technologies from mainstream to the leading edge. This global manufacturing footprint is supported by major facilities for research, development and design enablement located near hubs of semiconductor activity in the United States, Europe and Asia. GLOBALFOUNDRIES is owned by Mubadala Development Company. For more information, visit  http://www.globalfoundries.com .