Investing in the Grid
- Mar 28, 2022 2:18 am GMT
This item is part of the Special Issue - 2022-03 - Investing in the Grid 2022, click here for more
Michael Faraday discovered that he could create or induce electrical current by moving magnets inside coils of copper wire. This has been the basic principle although modern power plants produce much stronger currents on a much larger scale. It may be news to some that the modern electrical grid we know took birth at the Pearl Street Station, Manhattan the first central power plant of the U S that began producing electricity in 1882. The station added three more generators in 1884 to serve 508 customers with about 10,000 lamps. Simultaneously, the Edison illuminating Company developed similar grids (DC) in Shamokin, Sunbury, Brockton, Mount Carmel and Tamaqua over the years. This triggered competition with George Wasting house’s alternating current (AC) which had greater advantage in terms of electricity transportation over long distances and an easier option of ‘step-up’ and ‘step down’ voltage. Simultaneously, it was also time to apply the idea of economies to electrical industry and large centralized power plant was considered more efficient.
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